When American Physician Partners and NES Health declared bankruptcy, their physicians lost malpractice coverage for care they had already delivered. Why? Claims-made insurance and its tail.
As a physician recruiter with 20 years of watching staffing groups come and go, your article just feeds the thoughts that make me leery of large delocalised groups. They all seem to start with good intentions then grow bigger and bigger until those good intentions disappear. The original "love of medicine" gets lost in a monster of an organization. Am I being too idealistic, to hope for democratic single-speciality groups to make a comeback?
Hi Neal - Yeah, that is an option. However, I think it's simpler for groups to cover their physicians with occurrence malpractice policies, which don't require a tail.
As a physician recruiter with 20 years of watching staffing groups come and go, your article just feeds the thoughts that make me leery of large delocalised groups. They all seem to start with good intentions then grow bigger and bigger until those good intentions disappear. The original "love of medicine" gets lost in a monster of an organization. Am I being too idealistic, to hope for democratic single-speciality groups to make a comeback?
Karen - great point! Let's hope for the strong comeback of physician-owned, patient-focused partnerships.
Maybe organized medicine can pressure these firms to buy a bond to use for tail insurance to protect physicians against bankruptcy?
Hi Neal - Yeah, that is an option. However, I think it's simpler for groups to cover their physicians with occurrence malpractice policies, which don't require a tail.
I am looking for an opportunity, do reach out : mansi.physio2000@gmail.com