This past October, MLMIC Insurance Company, one of the largest providers of medical malpractice in New York, became part of Berkshire Hathaway. As a result of becoming a stock company, a sum of money was to be paid out to policyholders who had policies between the years 2013-2016. Continue reading
Healthcare providers who start a private practice have the option to apply for in-network status with insurance carriers or remain as an out-of-network provider.
A provider can elect to provide a super bill to their patients, in order for their patients to directly submit a claim to their insurance for out-of-network coverage. The insurance carrier will then cover whatever their out-of-network rate is for the particular service. However, for all out-of-network services, the patient is always responsible for the full amount charged by the provider. It is up to the provider if they will accept, as partial payment the insurance coverage or not. Continue reading
When dissolving your practice is time-sensitive, and you need to expediently move on, there are some important things to pay attention to in order to ensure it is done correctly.
First and foremost, you can never abandon your patients. There needs to be ample notice of at least 30 days and appropriate referrals for continuity of care.
Second, you will need to examine any contracts that you have in place with landlords, third parties, and employees, to ensure that you are not in breach of any of the terms and to give the appropriate notice of termination. Continue reading
It is not uncommon for practitioners to change jobs and join a new practice during the course of their career. When first considering a change in employment, it is imperative to immediately review the current employment contract and examine the following clauses: Continue reading
As of May 25, 2018, the GDPR, which stands for the General Data Protection Regulation, was implemented in the European Union (EU). This regulation is much more expansive than our United States HIPAA law, and its coverage area is quite large considering many different countries comprise the EU. The concept of the GDPR is to protect PHI of residents from the EU. Continue reading