Here are 10 key points:
1. Compared to 2015, 12 percent of physicians had an increase in malpractice premiums in 2016.
2. Fifty-two percent said premiums were stagnant.
3. In 2016, 6 percent of those polled said malpractice premiums fell compared to the year prior.
4. Twenty-nine percent said they were unsure if malpractice premiums rose or fell.
5. Cardiologists had an average malpractice premium of $18,700 in 2016.
6. Internal medicine physicians had a $12,600 malpractice premium last year.
7. By U.S. region, the Northeast had the highest average malpractice premium of $15,700 in 2016.
8. Physicians in practices of more than 50 providers had an average malpractice premium of $15,000 in 2016.
9. Solo practitioners had a $12,800 average malpractice premium that year.
10. Physicians with fewer than 25 patients had a $10,001 average malpractice premium while physicians with upwards of 200 patients had a $14,400 average monthly premium in 2016.
More articles on leadership and management:
Nurse leader with outpatient industry experience wins alumni award: 5 takeaways
UroLife designates Midtown Urology Associates a UroLife Center of Excellence: 3 insights
4 strategies for ASCs to strengthen the patient experience
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
