MLR

Category: Healthcare

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When it’s time to negotiate or renegotiate a physician’s employment contract, there are critical issues that must be understood and settled.

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Unfortunately, many physician partnerships compare more to a boxing match than, well, a partnership.

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Payments made by a medical practice to buy out a retiring partner’s entire ownership interest are generally subject to self-employment tax. Careful planning can change that.

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Running a business these days is increasingly complex. With employment-related claims and lawsuits on the rise, management must have a basic understanding of numerous federal, state and local laws. Here are three cases that illustrate some employer liability trends.

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Medical malpractice insurance isn’t just a requirement — it’s also a major practice expense. Selecting the terms of coverage is a complex, critical task, as is evaluating insurance carriers.

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The cost of medical malpractice continues to rise, according to the Aon/American Society for Healthcare Risk Management (ASHRM) Hospital and Physician Professional Liability 2013 Benchmark Analysis. This annual study helps health care providers better understand trends related to medical malpractice risks. It also provides benchmarks for hospitals and physicians to compare to their own claims histories.

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In the wake of health care reform, you might find your practice inundated with new patients. With the extra workload, you might want to hire one or more physicians to help out.

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Improved contact between physicians and their patients — known as “etiquette-based communications” — would improve the “inpatient experience” and could help a patient recover more quickly, a randomized trial found.

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It turns out that keeping patients in the hospital for just one day longer can saves lives, lower costs and reduce readmissions. That’s the conclusion of one study from the Columbia University Business School entitled “Should Hospitals Keep Their Patients Longer?”

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Nearly every physician has claims denied from time to time. Medicare, as a government program, has its own way of doing things. As you know, the process is different from insurance companies, which also have their own way of handling claims.