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  2. Resource-based relative value scale - Wikipedia

    en.wikipedia.org/wiki/Resource-based_relative...

    The RBRVS for each CPT code is determined using three separate factors: physician work, practice expense, and malpractice expense. The average relative weights of these are: physician work (52%), practice expense (44%), malpractice expense (4%). [2] A method to determine the physician work value was the primary contribution made by the Hsiao study.

  3. Professional liability insurance - Wikipedia

    en.wikipedia.org/wiki/Professional_liability...

    The negligent act is called legal malpractice and the insuring contract is called lawyers professional liability insurance. or LPL [3] Malpractice coverage is very important to attorneys because a bad case can produce a lot of bad publicity that can significantly harm a law firm's reputation. Nearly all LPL policies are claims made.

  4. Medical malpractice payouts are ballooning—and insurers are ...

    www.aol.com/finance/medical-malpractice-payouts...

    From 2013 to 2023, the American court system saw a roughly 67% increase in the number of medical malpractice verdicts awarding $10 million or more.Last year, more than half of these verdicts ...

  5. Medical malpractice in the United States - Wikipedia

    en.wikipedia.org/wiki/Medical_malpractice_in_the...

    Doctors' groups, patients, and insurance companies have criticized medical malpractice litigation as expensive, adversarial, unpredictable, and inefficient. They claim that the cost of medical malpractice litigation in the United States has steadily increased at almost 12 percent annually since 1975. [26]

  6. Malpractice Insurance Prices Are Stopping Small Clinics From ...

    www.aol.com/news/malpractice-insurance-prices...

    Even in states where laws protect minors’ access to gender-affirming care, malpractice insurance premiums are keeping small and independent clinics from treating patients.

  7. New laws are increasing price transparency in health care ...

    www.aol.com/news/laws-increasing-price...

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  8. Relative value unit - Wikipedia

    en.wikipedia.org/wiki/Relative_value_unit

    For each service, a payment formula contains three RVUs, one for physician work, one for practice expense, and one for malpractice expense.On average, the proportion of costs for Medicare are 52%, 44% and 4%, respectively. [2]

  9. MedPro Group - Wikipedia

    en.wikipedia.org/wiki/MedPro_Group

    MedPro Group traces its roots back to a predecessor company, the Physicians’ Guarantee Company. Alpheus P. Buchman, MD and Miles F. Porter, MD, both of Fort Wayne, Indiana, formed the Physicians' Guarantee Company in 1899 to provide pre-paid legal service for medical malpractice lawsuits. [1]

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