It is important to make sure your insurance keeps up with the latest developments in healthcare science, industry and regulation. There are different ways that insurers manage changes to scope of practice. To find out how your Malpractice coverage handles an expanding scope of practice, start by checking the language in your policy. How [...]
Over the past year, cyber attacks against practices in healthcare-related fields increased by 55%, impacting more than 26 million Americans1. This increase paired with the average cost per breached record of $499 can be worrisome for doctors of optometry. Because your practice collects personally identifiable information from patients, including minors, you may have one of [...]
The hiring and firing process is full of risk for employers, including optometrists. Every year, workers file thousands of employment practices liability insurance (EPLI) claims against their workplaces. EPLI claims can come from a current employee, former employee or even a prospective employee, making a range of allegations, including: Discrimination Sexual harassment Invasion of privacy [...]
As an optometrist about to enter the workforce, you're about to make a lot of big decisions for the first time. One of them will be choosing a malpractice insurance policy to protect yourself and your new career. Learning about insurance options for your career as an optometrist can help you practice and grow your [...]
Managing the insurance policies that protect you and your practice can be confusing. When should you file a claim and how do you do it? Do you have the right protection for your practice? How do you make sense of your policy? To practice with confidence and peace of mind, it's important to understand which [...]
Cyber extortion has become a serious problem for businesses in recent years. As a practice owner, it's no longer something you can afford to ignore. Like other health care providers, doctors of optometry have a responsibility to protect business records, including the personal information of patients. Ransomware attacks directly target these records, leading to all [...]
The right insurance for your optometry practice is a must, but for something so important, it isn't always easy to understand. That's why we created this practice owner's guide to insurance. It has what you need to know about insurance to protect your career and livelihood. First up, a look at malpractice insurance, one of [...]
The success of your optometric practice depends on your office and the people who staff it. Imagine the consequences for your practice if there were a serious accident, fire or theft at the office. These disasters can impact your ability to care for patients and run your business. Optometric practices like yours need business owner’s [...]
These days, creating a formal cybersecurity incident response plan (CSIRP) is a must for every doctor of optometry. The lack of a plan increases the risk to your data records and may worsen the outcome if you are hacked. Confusion over what to do and when can increase liability and leave you unprepared to address [...]
Understanding the risks you face as an optometrist can help you be more prepared when things go wrong. There will always be some risk associated with operating your practice, but with the right steps, you can minimize the likelihood of a serious accident or liability lawsuit and protect the safety of your employees and patients. [...]