Amoung Throckmorton's many accomplishments in medicine, the sign that bears his name carries the greatest legacy. Just as his radiographic sign has helped many a trauma surgeon and ER physician rapidly identify a serious medical problem, it is hoped that his other signs will alert the voting public of other things that are seriously wrong with our medical and legal systems.
Friday, October 30, 2009
$7.18
Just out of curiosity, I divided my yearly malpractice premium by my yearly patient encounters. In other words, every time I see a patient, it costs me $7.18 just to cover the malpractice insurance.
Somewhat higher than mine; started at $1.50 per encounter about 12yrs ago, floated upto $2.50 tile 3yrs ago and now the group (about 80 docs scattered around the state) is at %5.40 per encounter. We see 350-550 per month depending on ED activity or $23 to 34K/yr. For Seaspray, this is paid to the insurance company whether the pt pays or not. Has nothing to do with profit, collections or charges.
This one is over my head. :)
ReplyDeleteOh ..wait I get it. You mean that $7.18 comes off the top of your patient profit with each visit.
ReplyDeleteMath was never my strong suit and certainly not at almost 2 am. :)
Somewhat higher than mine; started at $1.50 per encounter about 12yrs
ReplyDeleteago, floated upto $2.50 tile 3yrs ago and now the group (about 80 docs
scattered around the state) is at %5.40 per encounter. We see 350-550 per month depending on ED activity
or $23 to 34K/yr. For Seaspray, this
is paid to the insurance company whether the pt pays or not. Has nothing to do with profit, collections or charges.