Social inflation’s surge in medical malpractice insurance
Join us on this insightful podcast episode as we delve into the complex issue of social inflation and its impact on the medical malpractice insurance industry. Our guest, Robert E. White, Jr., president of The Doctors Company, provides valuable expertise and insights into this little-understood trend. We discuss the concept of social inflation, the tactics used by plaintiffs’ attorneys, and the driving forces behind this phenomenon. We also explore the influence of “nuclear verdicts” on settlements, the proportion of claims affected, and the role of individual sympathy in creating system-wide imbalances. Furthermore, we examine how social inflation affects insurance rates and what the future holds for this concerning trend. Don’t miss this episode as we gain a deeper understanding of social inflation and its implications for medical professionals.
He discusses his KevinMD article, “Unveiling the hidden impact of social inflation: Soaring costs for medical professionals revealed.”
The Podcast by KevinMD is brought to you by the Nuance Dragon Ambient eXperience.
Ambient intelligence augments human capabilities to make our lives easier. The applications are many, especially in health care. Ambient clinical intelligence is offsetting the most pressing challenges in health care today, such as burnout, physician shortages, physician and patient dissatisfaction, and underperforming financial outcomes, by applying the technology to clinical documentation.
The Nuance Dragon Ambient eXperience, or DAX for short, utilizes artificial intelligence and natural language processing to automatically document care. It securely listens to and captures the natural, clinician-patient encounter conversation unobtrusively, and turns that conversation into a clinical note for the clinician’s review and signature directly in the electronic health record. You just talk naturally, and DAX does the rest.
DAX is being used by thousands of physicians across 30 different specialties nationwide. It has already won the Silver Stevie award in the health care technology category and was ranked #1 for improving clinician experience in KLAS’s top 20 emerging solutions.
VISIT SPONSOR → https://nuance.com/daxinaction
SUBSCRIBE TO THE PODCAST → https://www.kevinmd.com/podcast
RECOMMENDED BY KEVINMD → https://www.kevinmd.com/recommended
GET CME FOR THIS EPISODE → https://earnc.me/hjXPFr
Powered by CMEfy.