Customized Solutions |
Radiological Professional Liability Program
Malpractice Insurance designed for the
Radiologist's real world.
Applied Medico-Legal Solutions, Risk Retention Group (AMS RRG) in cooperation with HealthCare Risk Specialists, created a solution to address the liability problems associated with running a Radiology practice - Radiological Professional Liability Program - an RVU based malpractice insurance program (RPL Program).
Purchasing Tails
Radiology practices face challenges in recruiting and retaining physicians. Turnover causes the practice to purchase tails for departing staff at considerable expense. Coverage under the RPL Program is based upon a group's RVUs and not tied to a specific radiologist – thus, eliminating the need for purchasing high-priced tails.
Locums Issues
Shortages in certain sub-specialties (Breast MR, Interventional Radiology and Mammography) cause practices to manipulate locum rules in order to obtain additional coverage without having to absorb the cost of adding physicians – not a credible or sustainable business practice. With RVU based pricing, there is no additional cost regardless of the number of part-time, per diem, or locums physicians used.
Tele-Radiology
With the expansion of tele-radiology, many practices accept work from markets outside the domicile of their primary insurance carrier. This may result in claims being filed in the jurisdiction of where the patient was examined and not where the read was performed; an issue most carriers are not prepared for and may result in the denial of the claim or worse, a woefully inadequate defense. Being underwritten by a Risk Retention Group, the RPL Program is afforded greater flexibility with regard to the states in which they register – broadening the markets in which the insured can deliver service. We would appreciate the opportunity to discuss this program with you in greater detail.
Please call us anytime, toll free (877) 505-4277 to discuss how the RPL Program can reduce your practice's medical malpractice expense and improve your staffing and coverage flexibility.
