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Managed Care Errors & Omissions
As the roles of managed healthcare professionals continue to become more redefined, generalizing trends in Errors and Omissions (E&O) insurance coverage has become more difficult, and elements of it continue to become more specialized.
At Madison Healthcare Insurance Services, our experts ensure that you always have the right E&O coverage addressing every aspect of your managed care organization. Some of the liabilities which we can help you address include:
- Utilization Review – This type of liability can arise during the process of finding out how urgent the need for medical services is, and whether or not it will be authorized and covered by any health care plan. This commonly includes prospective, concurrent, and retrospective reviews.
- Vicarious Liability – This liability is the result of the alleged negligent acts of an individual or entity that is associated with you or your organization through either a theory of agency or an ostensible agency.
- Provider Selection – This liability can arise during the evaluation, selection, credentialing, and contracting with, or performing peer review of your organization and the managed care you provide.
- Medical Information Protection – A form of liability that arises in the event that your organization fails to keep the information provided to you by your members confidential, and your inability to keep its release or use limited in accordance with the law.
While the decision makers and most of those who run your organization is duly covered by Directors and Officers (D&O;) insurance, E&O; liability insurance provides greater coverage as it protects the organization itself, including the employees, committee members, and medical directors.
So whether you need coverage for a physician's office and its staff, or you need insurance for a larger organization, Madison Healthcare is ready to assist you with all your E&O; insurance needs. This includes coverage for alleged errors, omissions, and supposed breach of duties which may have been made while conducting managed health care services and activities.
For more E&O; insurance information, please Contact Us today. Our representatives are ready to go over all possible options with you and recommend how to best protect your practice.
