Flawed Malpractice Insurance Profiling Affects 22% of Physicians

Medical Malpractice Insurance companies, employing a two-tier system to pigeonhole doctors by costs, have been demonstrated to inaccurately classify those physicians 22% of the time. (Rand Corp. Report, New England Journal of Medicine.)

“Consumers, physicians, and purchasers are all at risk of being misled by the results produced by these tools,” concluded the researchers who analyzed aggregated claims data for 2004 and 2005 from four Massachusetts insurance companies. Using “commercial software,” they looked at data from 12,789 physicians in 10 specialties and constructed “homogeneous episodes of care” to create cost profiles for healthcare episodes such as treatments for diabetes, heart attack or urinary tract infection.

Read more

Think Online Rep Doesn’t Matter? Think Again!

Most of us who live and work in the Real World barely have time to read email, let alone think of the Internet as having any serious impact on us. After all, that’s all just electronic, virtual reality. We operate in the tangible, corporeal world, right? Don’t be too sure about that. Many aspects of a physician’s career are intangible. The education, for example, is just represented by that piece of paper on the wall. The education itself is an intangible. One’s reputation is another essential, intangible asset. But with the Internet, your reputation (far more so than an education) has the potential to be in a constant state of flux. Even if you have 20 people saying how wonderful you are for every one person who claims you’re a quack, it’s still that one bad comment that is going to get the attention and ruin your reputation. It really should be expected, because the content patient doesn’t make it their life’s work to discredit you with their allegations. Remember, an allegation is all it takes. People think “Where there’s smoke, there must be some sort of fire,” so they move on a physician who may be nowhere near as highly experienced as you, but who also hasn’t had the chance to rack up any bad feedback yet. So you get the bad rep, and the new guy gets the patient.

Read more

Latest Posts from Our Blog