Medical mistakes, according to popular news sources, may be the third largest leading of death in the U.S. Why are medical errors so prevalent? Is there a culture among physicians in which errors are covered up or not questioned?
In a new Fox television series, “The Resident,” a young doctor and colleagues are aware of the error rate of a senior supervising physician and as the storyline goes, the young docs fear career and reputation damage if they were to report the senior doctors’ surgical error rate.
Common medical mistakes:
- Patient identification errors;
- Treating the wrong patient;
- Failure to timely treat a patient;
- Operating on the wrong body part;
- Leaving medical equipment inside a patient;
- Anesthetic failures causing patients to awaken;
- Failure to prevent infections by hand washing; and
- Incorrectly identifying medical tubing and equipment
With so much attention and reporting about medical mistakes and malpractice, it is fair to say that efforts are made to help healthcare professionals prevent medical errors. Some physicians have unique methods to incorporate systems they use to prevent mistakes. Something as simple as a redundant system to double check information accuracy can lead to the discovery of a mistake before it happens.
Medical staff and administrators must also use care in working as a team to ensure the efficient delivery of quality medical services without error. Just as school students practice fire drills, healthcare professionals can practice mistake prevention drills.
Licensing attorney: Preventing medical mistakes
Chicago healthcare and licensing attorney, Michael V. Favia, frequently recommends all doctors, dentists and nursing professionals be prepared to answer questions about how they actively seek to prevent medical mistakes. If they cannot offer suggestions, there are clear opportunities for improvement and loss mitigation.
Relying on physician malpractice and hospital insurance and policy is insufficient to protect one’s medical license and career. Knowing how and what to say in documentation to a variety of regulatory boards and agencies is vital. What may feel straight forward and matter of fact to one doctor, may cause another to be reasonably alerted, and often for good reasons such as personal experience.
Favia frequently reminds healthcare professional client that every decision and action can reach further downstream than we usually anticipate. Simply settling a malpractice claim without any admission of liability, can come back to haunt any licensed healthcare professional, especially when licensed in multiple states.
About us: Michael V. Favia & Associates, P.C. is a health law and litigation firm in Chicago representing individuals, healthcare professionals and organizations with civil legal matters as well as professional licensing and regulation.
With offices conveniently located in the Chicago Loop, Northwest side and suburban meeting locations, you can schedule a discrete meeting with an attorney at your convenience and discretion. Michael V. Favia & Associates is available at (773) 631-4580. Please visit www.favialawfirm.com and feel free to “Like” the firm on Facebook and “Follow” the firm on Twitter. You can also review endorsements and recommendations for Michael V. Favia on his Avvo.com profile and on LinkedIn.
Today’s interview with Michael Erin, a dental valuation and practice consultant and broker, focuses on how Dentists prepare for retirement and a succession plan for the transition and sale of the work and interest in their dental practice.
Topics covered in this 30-minute interview:
- About Progressive Management and dental brokerage generally;
- Preparing for retirement, when to start selling your practice;
- Different types of buyers you may identify well in advance;
- Understanding the timeline and process of dental practice valuation.
Michael Erin is a management consultant, valuation specialist and practice broker in the Chicago hospital and health care industry. Mr. Erin, with Chicago’s Progressive Management & Associates, the Chicago dental practice brokerage, works with dental specialists in transition with their private practice. He works with sellers, buyers and valuation services to keep the transition out of practice in the fast lane, to maximize profits for his clients. Michael Erin is a colleague with our host, Michael V. Favia, through the Health Practice Advisors network group in Chicago.
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Michael V. Favia & Associates are available to advise and represent healthcare professionals and the general Chicagoland community with a variety of legal issues. With offices conveniently located in the Chicago Loop, Northwest side and suburbs, you can schedule a discrete meeting with an attorney at your convenience and discretion.
For more about Michael V. Favia & Associates’ professional licensing work, please call (773) 631-4580, visit www.IL-Licensing.com and feel free to “Like” the firm on Facebook and “Follow” the firm on Twitter. You may also connect with Attorney Michael V. Favia on LinkedIn and on Avvo.com where you may also read client endorsements and reviews.
ebix offers initial credentialing services for start-up practices at no charge.
Start your insurance contracting/credentialing now!
Launching a new practice or expanding to a new state? Initial Credentialing is Free.
Our expert staff reaches out to the carriers of your choice to obtain network status.
Yes, the dominating trend over the last 20+ years has been hospital systems employing doctors and buying practices. However many sources including MGMA and Modern Healthcare have reported that hospital systems lose approximately $150,000 to $200,000 yearly per physician. Recent changes to outpatient hospital payments, such as the elimination of facility reimbursement, have added to hospital’s problems. To stem these losses, productivity demands and salary reductions are placed on providers, increasing dissatisfaction, burnout and defections.
While new medical school graduates have little choice but employment, physicians further along in their careers are eyeing independent practice. But there’s precious little if any instruction given in school about the complexities of medical entrepreneurship. One of those seldom understood and potentially devastating pitfalls is insurance network contracting, commonly referred to as “credentialing”.
Establishment of new federal tax ID (TIN) and group national provider identifier (NPI) are first steps in starting a practice. Assuming the provider has been treating Medicare and Medicaid patients, adding the new TIN and NPI to the “straight” government programs is fairly simple. Address, phone number and other basic info will be required as well. However, other carriers require new contracts for the new practice.
Most patients choose a commercial Medicaid intermediary or a Medicare Advantage plan to increase accessibility and lower cost. Therein lies the rub. As an example; if you see a Medicaid eligible patient that’s designated United Healthcare as their carrier and you are not in the UHC network, even if you are an enrolled Medicaid provider, you will NOT be paid. You can’t bill the patient or Medicaid directly.
Let ebix, Inc do the credentialing for you. Read the attached information regarding Centralized Physician Credentialing here.
About ebix, Inc.
Established in 1977 as a billing company, ebix, Inc. has grown to a multifaceted medical management firm. Providing administrative and operational support to healthcare providers throughout the Central United States, our portfolio of services includes medical billing, accounts receivable management/liquidation, compliance audits by credentialed auditors to ensure regulatory compliance, physician/ancillary education, extended business office functions, ICD-10/CPT-4 coding, and practice management support.
Please Contact Craig Evans to learn more
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