Intel

Michigan’s largest healthcare system recently announced a data breach that may have compromised 6,000 patients’ protected health information. The breach reportedly occurred after six employee email accounts were exposed in a phishing scam in January. The eight-hospital network with 167 outpatient locations, notified patients on July 28 of a “data security incident” that could have exposed patient names, dates of…

The practice of telemedicine—healing at a distance—dates back over a century and has come a long way since. In 2023, the telehealth industry market value was estimated at $194 billion and is projected to rise to nearly $870 billion by 2030, according to the February 2021 Telehealth Market Research Report by Market Research Future. It comes as no surprise that…

Healthcare professionals and facilities operate with significant risks, particularly during a pandemic. To learn more about evolving coverage needs and available options in Healthcare/Medical Facilities Insurance, we spoke with Karl Olson, Vice President, Professional & Management Liability Practice Leader, Burns & Wilcox Brokerage, San Francisco, California. What are the greatest risks currently faced by healthcare systems and providers? K.O.: The…

It is a cautious time for underwriters in the Healthcare insurance industry. The overall hardening of the market continues into 2021 and carriers are pulling back on coverage in key areas in the wake of the COVID-19 pandemic—most notably Senior Care and Nursing Homes. Meanwhile, the Medical Malpractice market expects to see claims of up to $20 billion over the…

The last five years have meant rapid change for the healthcare industry: the Affordable Care Act (ACA) was signed into law in 2010; the Medicare Electronic Health Record (EHR) Incentive Programs, also known as meaningful use, were launched in 2011; and this fall, Medicare is changing requirements for how claims are coded. The changing environment has kept providers on their…

Increasing demand for aging services and a boom in medispas are among the changes currently happening in the ever-evolving healthcare industry. To learn more about industry risks and Healthcare Insurance solutions, we spoke with Lily Chetosky, Broker, Professional Liability, Burns & Wilcox, Chicago, Illinois. What are some of the greatest risks in healthcare today? L.C.: There are a lot of…

In-home healthcare and personal care aides are expected to reach 1.3 million by 2020. Imagine yourself as one of the more than 10,000 Baby Boomers turning 65 every day. Now imagine having to choose between a nursing home and at-home care. And consider this: 20 hours of in-home services (a week) costs you about $18,000 a year versus an average…

Our experts met for a discussion on the state of the specialty healthcare market, trends within the industry that are changing the landscape, and the impacts on specific products. During this webinar, we discuss: The silos of the medical industry The new and emerging risks, including telemedicine and urgent care centers Challenges facing the healthcare market   https://vimeo.com/553094170/e4d82cafe2

More than six years after a data breach that disclosed 2.81 million patients’ protected health information, Banner Health has agreed to pay $1.25 million to the U.S. government to settle potential violations of the Health Insurance Portability and Accountability Act (HIPAA), Campus Safety Magazine recently reported. The Arizona-based healthcare system also agreed to implement changes to better protect patient information.…

It\'s a $74 billion industry that gets better with age. Welcome to world of Home Healthcare. https://vimeo.com/97770165

During this webinar, our experts gathered for a discussion on how telehealth has impacted healthcare over the last few years and how the medical professional liability market has changed to address it. Watch as they explore the current challenges and provide tips for brokers and agents on how to be successful in providing solutions for their clients. https://vimeo.com/923704547/66c21256f4