PriMed Consulting - Medical Malpractice Insurance NY, NJ, WV
New Jersey Health Information Technology Extension Center (NJ-HITEC)

New Jersey Health Information Technology Extension Center (NJ-HITEC)

5 Dec 2012
5, Dec Dec, 2012

EMR Meaningful Use:

Under the Health Information Technology for Economic and Clinical Health (HITECH) Act, eligible health care professionals and hospitals can qualify for Medicare and Medicaid incentive payments when they adopt certified EHR technology and use it to achieve specified objectives. Eligible professionals and hospitals may qualify for incentive payments for the adoption, implementation, upgrade or demonstration of meaningful use of certified electronic health record technology. To qualify for incentive payments, standards of meaningful use requirements must be met either by Medicare or Medicaid EHR incentive programs.

The New Jersey Health Information Technology Extension Center (NJ-HITEC) is a federally recognized Regional Extension Center program funded through the recovery act and supported by the New Jersey Institute of Technology. Under the guidance and oversight of the Office of the National Coordinator and administered by the New Jersey Institute of Technology, NJ-HITEC’s program will assist 5,000 New Jersey area primary care providers by providing hands on staff, services, and technology. The same services are available to specialists for a fee that is dependent on the level of service and support required by a practice.

-HITEC’s service offering includes education and training activities, membership in the regional extension center, assessment of current office practices, workflows and technical capabilities; recommendations of appropriate EHR solutions that meet end-user specific needs; coordination of services to implement, adopt, and use new technologies appropriately and the assurance that every member of the regional extension center can meaningfully use these systems. Visit www.njhitec.org for details.

EMR Discounts

Physicians and practices that successfully implement EMR and EPW are eligible for discounts on their medical malpractice insurance. NJ-HITEC members who satisfy certain requirements can qualify for exclusive med-mal discounts which are in addition to all other discounts. This program is available for physicians who have their medical malpractice insurance through MDAdvantage of NJ.

For more information or questions regarding your medical malpractice insurance, please call PriMed Consulting at 800.528.3758. Email: info@primedconsulting.com

~Gabrielle

NJ Med-Mal Discounts: Orthopaedic Surgeons of New Jersey (OSNJ) & OSPA (Orthopaedic Surgeons Purchasing Alliance)

28 Nov 2012
28, Nov Nov, 2012

The Orthopaedic Surgeons of New Jersey (OSNJ), through the OSNJ Medical Liability Insurance Purchasing Alliance, has arranged for discounts on medical liability insurance purchased through MDAdvantage of New Jersey. These med-mal discounts are 12 ½ % for General Orthopaedists and 7 ½ % for Orthopaedists who do Spine.

For the majority of Orthopaedic Surgeons, this will equal a discount of $6,000 on their annual med-mal premiums every year.

MDAdvantage is a medical malpractice insurance carrier dedicated to NJ physicians. MDAdvantage is rated A- (Excellent) by A.M. Best.

PriMed Consulting has worked with OSNJ for many years to provide medical malpractice insurance services for their members. PriMed’s services are available at no cost to you.

If you have any questions or need more information on your medical malpractice insurance, please contact PriMed Consulting (Ask for Dana, Prem or Gabrielle) at 800-528-3758.

~Dana

NY Medical Malpractice Insurance: ‘Claims-free’ Discount

26 Nov 2012
26, Nov Nov, 2012

NY Physicians who have excellent malpractice claims experience can now qualify for additional discounts on Their Malpractice Insurance Premiums. The NY State Insurance Department approved a new Claims-free discount of 7.5% for qualifying physicians, effective July 1, 2011.

To qualify for the claims-free discount a physician must:

  1. Have been in practice for a minimum of five years, AND
  2. Have no open claims (or suits), and no closed claims (or suits) with any paid indemnity or expense within the past 5 years – regardless of the incident date or report date.

Any physician who is claims free for the 5-year period immediately preceding will qualify for the discount. The discount will also apply to new applicants who provide claims free loss histories and meet the qualifications above.

How you can qualify:

  • If you are insured with a NY admitted malpractice insurance carrier such as PRI or MLMIC, and have insured by them for over 5 years, the carrier may have all pertinent information to determine if you qualify for the discount. If need be, the carrier can ask for additional information.
  • If you are a new applicant for medical malpractice insurance, you would need to provide claims information and claims reports for the previous 5 years.

We can help: :

The experienced professionals at PriMed Consulting can provide assistance with your options and make it easy to apply for your medical malpractice coverage. PriMed has been working with physicians in NY since 1996. Our objective is to provide you with the most competitive premiums, without sacrificing value or stability. PriMed Consulting: 800.528.3758. Email: info@primedconsulting.com

NY Medical Malpractice Insurance: New-to-practice Discounts

21 Nov 2012
21, Nov Nov, 2012

Physicians and Surgeons who enter private practice (either solo or joining a group practice) immediately after completion of their training can qualify for New Doctor discounts on Their Medical Malpractice Insurance. In some cases, physicians who immediately after their training became hospital employees, but are now starting their private practice (solo or joining a group), may also qualify for the New Doctor discount.

Discounts for New to Practice physicians are for full-time practitioners. If you are working part-time hours, it would be best to review the part-time premiums and compare with the New Doctor discounted premiums to ascertain the best possible solution for your practice. New Doctor discounts and Part-time practice discounts cannot be combined or stacked. In addition, there are other discounts that may be available to you as well.

The New Doctor discounts are as follows:

  • Claims-Made Policies – 50% first year; 25% second year; 25% third year;
  • Occurrence Policies – 50% for the first year.

We can help :

The experienced professionals at PriMed Consulting can provide assistance with your
options and make it easy to apply for your medical malpractice coverage. PriMed has been working with physicians in NY since 1996. Our objective is to provide you with the most competitive premiums, without sacrificing value or stability.

PriMed Consulting: 800.528.3758. Email: info@primedconsulting.com

802 West Park Avenue, Bldg. 3, Suite 302, Ocean, NJ 07712

NY Medical Malpractice Insurance: Part-time Discounts

19 Nov 2012
19, Nov Nov, 2012

NY physicians and surgeons who work limited hours can qualify for part-time discounts on their malpractice insurance premiums. These discounts apply to physicians & surgeons who limit their medical practice to 20 hours or less per week. However, Some Risk Retention Groups may offer higher discounts for part-time practitioners who limit their practice to less than 10 hours per week.

Discounts

The following discounts are applicable for part-time (less than 20 hours/week) practice:

1. 50% discount for physicians in the non-surgical specialties

2. 35% discount for the following specialties:

  • Neurosurgery
  • General Surgery
  • Plastic Surgery
  • Obstetrics and Gynecology
  • Orthopaedic Surgery
  • Cardiac Surgery
  • Vascular Surgery
  • Gynecology
  • Otolaryngology, incl. Cosmetic Plastic
  • Plastic and Reconstructive Surgery
  • Colon and Rectal Surgery
  • Urology, incl major surgery
  • Emergency medicine

 

For more information or help with your medical malpractice coverage, you can trust the experienced professionals at PriMed Consulting. PriMed Consulting is an independent medical professional liability agency serving NY & NJ.

Phone: 800.528.3758. Email: info@primedconsulting.com. www.primedconsulting.com
802 West Park Avenue, Bldg. 3, Suite 302, Ocean, NJ 07712

~Michele

New York Medical Malpractice Insurance: Voluntary Attending Physician (VAP) Program

5 Nov 2012
5, Nov Nov, 2012

Physicians’ Reciprocal Insurers (PRI) & Medical Liability Mutual Insurance Company (MLMIC) offer VAP programs & discounts to their physicians. VAP discounts are available to physicians who have privileges at hospitals that are insured by one of the above two insurance carriers.

VAP Discounts

: If the hospital of principal affiliation AND the physician are both insured by the SAME carrier (PRI or MLMIC), the physician (Voluntary Attending Physician) is eligible for the following discounts totalling 12%

Risk Management Discount

: 5%. This online or class adminstered course also allows physicians to be eligbile for a 5% discount on their malpractice premiums, as well as the Section 18 Free Excess coverage of $1/3 Million through the hospital of their primary affiliation.. Please read our article on Section 18 Excess coverage for updates.

Joint Defense Discount

: 7%. Eligible physicains applying for this discount would have to agree to a Joint Defense if named in a lawsuit with any other physician who is insured by the same carrier under the same program.

We stronly urge physicians to understand the pros and cons of the VAP program and the benefits or discounts this program can provide. For more information or help with an application, please contact PriMed Consulting at 800.528.3758. Email: info@primedconsulting.com   www.primedconsulting.com.

PriMed Consulting is an independent medical professional liability agency serving NY & NJ. 802 West Park Avenue, Bldg. 3, Suite 302, Ocean, NJ 07712

MLMIC Risk Management Discounts & Programs for NY Physicians

31 Oct 2012
31, Oct Oct, 2012

MLMIC’s Risk Management programs are designed to help their physicians to improve patient care, and prevent injury or negative outcomes and the resultant lawsuits.

CME Accreditation

MLMIC is accredited by MSSNY to provide CME for physicians. MLMIC utilizes conventional formats and new technologies, including an Internet-based format, to provide and deliver its CME programs. Satisfactory completion of these CME courses allows physicians to earn AMA PRA Category I credits™, the applicable premium credit, as well as qualify for participation in the medical malpractice excess insurance program.

5% Premium Credit

MLMIC offers a 5% discount on malpractice insurance premiums for two consecutive years upon completion of the risk management courses offered pursuant to the NY State Insuarance Department regulations. (Reg 124). The premium credit will be effective in the policy period following the one in which the physician completes the course.

MLMIC also encourages its insured physicians to invite members of their office staff, including physician extenders, to attend these risk management programs. Attendance certificates are provided, upon request, to non-physician participants who complete these courses.

There is no fee for MLMIC policyholders or their employees who wish to participate in these programs.

To explore all your malpractice insurance options, and maximize your savings through discounts offered, please contact PriMed Consulting at 800.528.3758. Email: info@primedconsulting.com. PriMed Consulting is an independent medical professional liability agency serving NY & NJ. 802 West Park Avenue, Bldg, 3, Suite 302, Ocean, NJ 07712.

Source: MLMIC website

Physicians’ Reciprocal Insurers (PRI) Risk Management Programs & Discounts

24 Oct 2012
24, Oct Oct, 2012

Physicians’ Reciprocal Insurers (PRI) is accredited by the Medical Society of the State of New York to sponsor CMEs for physicians. Physicians who participate in PRI’s risk management programs are awarded CME credits upon successful completion of the program.

PRI’s programs are developed and managed by seasoned healthcare professionals who understand the complexities of medical practice in today’s environment. PRI’s risk management programs are complimentary to PRI insureds and their staff, and include:

  • In-office consultations for small and large practices
  • Telephone consultation on risk management and legal issues (during business hours)
  • Web-based online educational programs with 24X7 access
  • Live seminars and workshops, providing in-person access to PRI’s experienced risk management faculty

In addition, PRI offers the following as part of their multi-faceted approach to helping physicians prevent negative outcomes, injury and lawsuits:

  • CME: Online Education & Risk Management: Physicians can take PRI’s online courses to earn CME credits and a 5% discount on malpractice insurance premiums.
  • Closed Case Abstracts: Physicians can review summaries of actual malpractice cases that can reveal important patient safety tips.
  • PRI insureds can access risk management manuals which are periodically updated and revised.
  • PRI has created the ‘Physician Peer Support Program‘, a new and innovative program designed to assist their physicians when they are faced with an unexpected complication, a medical error, or malpractice litigation.

PRI offers 2 different programs:

Basic 5-Hour Program

This course is for those physicians who need to satisfy the New York State Insurance Department Excess 5 hour program, and/or for those physicians who are eligible to receive a 5% discount. After completing the course, each physician will be awarded 8 CME credits.

3-Hour Follow up Program

This course is for those physicians who need to satisfy the New York State Insurance Department Excess 3 hour follow up program, and/or for those physicians who need to renew their 5% discount. After completing the course, each physician will be awarded 5 CME credits.

IF you would like to explore all your options, and maximize the savings on your malpractice insurance, please contact PriMed Consulting at 800.528.3758.
Email: info@primedconsulting.com. PriMed Consulting is an independent medical professional liability agency serving NY & NJ.

Source: PRI website

NJ OB/GYNs: Risk Management Programs to Lower Med-Mal Premiums

26 Sep 2012
26, Sep Sep, 2012

MDAdvantage is offering risk management opportunities to help lower OB/GYN med-mal premiums by 15%. Below are further details on these med-mal discounts: Advanced Practice Strategies (APS) Fetal Monitoring Course: 5% Discount MDAdvantage will pay the cost for its insured OB/GYNs who successfully complete the course, which will qualify them for a 5% policy premium discount. […]

Physicians Reciprocal Insurers (PRI) Program for NY Pediatricians

19 Sep 2012
19, Sep Sep, 2012

Pediatricians practicing in NY would benefit from comparing their current medical malpractice insurance coverage and premiums with that offered by PRI. PRI is one of the leading medical malpractice carriers in NY, insuring over 12,500 physicians and many prestigious health care facilities.

PRI offers very competitive premiums for NY Pediatricians, along with a choice of Occurrence and Claims-Made coverage forms. PRI also offers nose™ or prior-acts™ coverage to those who are currently covered under a claims-made policy with another carrier.

A quick review of the current med-mal policy could end up saving NY Pediatricians over 20% on their medical malpractice premiums! Call PriMed Consulting today at 800.528.3758 or email: info@primedconsulting.com.