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Physical Medicine and Rehabilitation Malpractice Insurance

Physical Medicine and Rehabilitation Malpractice Insurance

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Neurosurgeons face considerably greater risks of medical malpractice due to the nature of their work. Neurosurgery is a specialty that deals with the diagnosis and treatment of the nervous system including the brain, spinal cord, and nerves throughout the body. Because of the risks involved in this medical profession, one of the most important steps you can take in your career as a neurosurgeon is to invest in neurosurgeons malpractice insurance.


Any errors by a neurosurgeon that affect the nervous system can have catastrophic, long-term consequences. According to a study done by the Department of Neurosurgery at New York Medical College, the chances of being sued for medical malpractice are not associated with the complexity of a procedure, but rather to the type of procedure performed. The most common instance of malpractice involves elective spinal surgery.


In addition to purchasing neurosurgeons malpractice insurance, it’s important to stay focused on providing the best care for your patients.



This is one of the best ways to prevent a lawsuit. Right now we are providing a Reliable malpractice insurance for anesthesiologists: be sure to have one!

Physical Medicine and Rehabilitation (PM&R), often referred to as physiatry, is a medical specialty that focuses on improving the function and quality of life of individuals with physical disabilities and/or impairments. Physiatrists are experts in diagnosing and treating a wide range of conditions that affect the musculoskeletal, nervous, and neuromuscular systems. Their primary goal is to enhance patients' functional abilities and help them regain independence after injury, illness, or disability.


Some of the unique aspects of this specialty include: 


  • A Wide Scope of Practice: Physiatrists treat a diverse patient population, including those with conditions such as spinal cord injuries, traumatic brain injuries, stroke, amputations, musculoskeletal disorders (like arthritis or back pain), and neurological disorders (such as multiple sclerosis or Parkinson's disease).


  • A Comprehensive Team Approach: Physiatrists provide comprehensive care that may involve medical, physical, and occupational therapy, as well as assistive devices like braces or prosthetics.  Thus, PM&R often involves a multidisciplinary team of healthcare professionals, including physical therapists, occupational therapists, speech therapists, nurses, psychologists, and social workers.


  • Pain Management: Many physiatrists specialize in pain management and employ various techniques to alleviate pain, including medication, injections, nerve blocks, and physical therapies.


  • Rehabilitation and Functionality: A significant emphasis of PM&R is on rehabilitation and maximizing functionality. Physiatrists help patients regain and maintain their independence in daily activities, improve mobility, and enhance their overall quality of life.



  • Inpatient and Outpatient Care: Physiatrists may work in various settings, including hospitals, rehabilitation centers, outpatient clinics, and long-term care facilities. They may manage patients during their acute phase of illness or injury and continue to provide ongoing care during the recovery and rehabilitation process.

How Much Is Neurosurgeons Malpractice Insurance?

Because of the greater risks of medical malpractice, premiums for neurosurgeons are generally higher than other medical specialties. The rates are different for every state. In some states the rates can go up as high as $300,000.


A provider considers several factors when deciding the exact premium that you will pay including the number of years you’ve been in practice, the state where you work, the type of policy you want, any prior claims that you may have, how many hours you work, the type of procedures you perform, etc.

The cost of neurosurgeons malpractice insurance has risen considerably over the past decade, which has led to a decrease in people entering this field of medicine. However, don’t let this be the only thing that prevents you from becoming a neurosurgeon or continuing your work. Consider first all the benefits and rewards of helping people and saving lives. With us as your partner, we can help you find superior coverage that you can afford.

How Much Is PM&R Malpractice Insurance?

Despite physiatrists providing a wide range of high-level, sophisticated care, their medical malpractice insurance rates are moderately priced when compared to other specialties.  However, like all specialties, the rates vary from physiatrist to physiatrist.


So, what determines the cost?  An insurance company considers many factors when determining the exact premium that you will pay, including the number of years you’ve been in practice, the state and county where you work, the type of policy you want, any prior claims you may have had and any payouts, how many hours you work, and the type of procedures you perform, etc.

In addition, over the last two years, we have seen the insurance market hardening, which means prices have been steadily increasing.  Understanding that you don't want to pay more than you have to for liability coverage, we suggest that you contact us.  As an insurance agency, we can help you find superior coverage that you can afford by shopping the market for you and comparing pricing.


Finally, when working with us, ask us about any and all discounts you might qualify for, including:  new-to-practice, claim-free, and part-time discounts.  You might also want to gather any risk management CMEs you have taken recently becuase some carriers offer discounts for taking risk management CMEs, too!


Contact us today to see how we can help you!

 

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