Jim Mays, CPCU: A Legacy of Leadership and Innovation in Healthcare and Insurance
Jim Mays, a leader in healthcare and insurance, excels with over 40 years in admin, underwriting, and risk management, impacting both sectors.
The primary objective of Fifth Avenue Healthcare Services’ acclaimed credentialing blog is to serve as a comprehensive source of valuable and educational content within the realm of credentialing. Our blog focuses on delivering pertinent industry insights, news, updates, and advancements in the field. Additionally, we provide in-depth coverage of critical topics such as delegated credentialing, provider enrollment, and medical malpractice news, along with discussions on best practices and other pertinent industry developments.
Our blog keeps you well-informed about the latest trends and innovations in credentialing, primary source verification (PSV), delegated credentialing, provider enrollment, and medical professional liability insurance (MPLI). All of our content is meticulously curated and authored by the expert credentialing specialists team affiliated with Fifth Avenue Healthcare Services, including the renowned Primoris Credentialing Network, which stands as the largest credentialing Independent Practice Association (IPA) in the nation, Fifth Avenue Agency and 5ACVO.
Jim Mays, a leader in healthcare and insurance, excels with over 40 years in admin, underwriting, and risk management, impacting both sectors.
Here are 8 Medical Professional Liability Insurance (MPLI) takeaways on protecting providers, supporting quality of care, and preserving the healthcare system.
Per the AMA, 68% of all medical liability premium increases were observed in 10 states. Illinois had the highest number of increases in the last three years, accounting for 30% of the total increases.
Proper medical charting can benefit patients, physicians, and the entire medical community, and following the 6 Cs of Charting can produce the best results.
The three best practices of charting include the Golden Rule of Charting which states that if something was not documented, then it did not happen.
This Fifth Avenue Spotlight on Guy Feist covers his education and journey to Fifth Avenue Healthcare Services as Co-Founder and Partner as well as Fifth Avenue Agency, Primoris Credentialing Network and 5ACVO.
A nurse can be sued for medical malpractice and be held liable just like any provider If a nurse fails to act per the standard of care for their specialty.
Christian Jagusch, MD is a physician attorney representing parties suing Carlos Chacon, MD of Divino Plastic Surgery Center. Dr. Jagusch questions the AAAHC’s decision to not revoke the ASC’s accreditation.
$111 million medical malpractice verdict is made possible by a previous MN Supreme Court ruling that a hospital can be held liable for contractors’ negligence.
Historical medical malpractice changes are coming 1/1/23 when CA plaintiffs can be awarded up to $350,000 for pain and suffering increasing over 10 years to $750,000 ($500,000/$1M in cases involving death).
The FL ‘free kill’ law relays that if the deceased is unmarried, without children, and older than 25 years, their survivors cannot sue for medical malpractice.
The $97.4 M verdict is less than half of what is believed to be the largest medical malpractice verdict in United States history, a $205 Million dollar verdict.
Five common causes leading to medical malpractice lawsuits include: diagnostic errors, surgical errors, a failure to treat patients, birth injuries and prescription drug errors.
There is a statute of limitations for medical malpractice claims in every state. The period does not usually begin until a patient discovers they have been injured. Each state has exceptions that could affect the
James Feist is a Veteran with a degree from OSU and MBA from OU. He is an accomplished businessman, loving husband of 50 years, a proud father and grandfather.
Oklahoma ranks first in medical negligence per capita, according to an analysis of U.S. Department of Health and Human Resources data.
A nurse can be sued for medical malpractice just like a physician if the four elements of medical malpractice (duty, cause, dereliction, damages) can be proven.
Did you know 51% of doctors in 2021 were named in a medical malpractice lawsuit? Here’s the Top Ten list of providers named in a medical malpractice lawsuit.
Merry Christmas from the Fifth Avenue family including Fifth Avenue Healthcare Services, Fifth Avenue Agency, 5ACVO and Primoris Credentialing Network.
Three financial strength factors to consider when choosing a medical malpractice insurance carrier include net income, combined ratio and policyholder surplus.
In most states, a medical malpractice claim can be filed 2-3 years after the incident. Medical malpractice long tail coverage written into your policy may help.
Some carriers offer providers medical malpractice premium credits for using electronic health management of a patient’s personal health record (PHR).
Here are the Top 5 medical malpractice questions to ask when purchasing a medical malpractice insurance policy: 1. What percentage of the carrier’s claims are closed without payment? 2. What is the carrier’s trial win
Hammer clauses permit the insurer to force the insured party to settle by limiting the amount of indemnification and compensation for harm or loss.
Medical malpractice premiums are on the rise, and we have expanded our credentialing services to include relationships with medical malpractice carriers.
Proof of fault 4 elements 1) doctor/patient relationship exist 2) doctor committed a breach of duty 3) breach of duty resulted in injury 4) patient was injured.
The medical malpractice policy limit of your policy represents the coverage amount for a given policy period usually indicated as “per claim” and “aggregate.”
The first documented medical malpractice case in the United States happened in 1794 when a husband sued after his wife died from an operation and won 40 pounds.
9 historical medical malpractice dates show the evolution of medical malpractice law, consistently changing as far back as the Code of Hammurabi in 1754 BC.
The four Cs of medical malpractice prevention are: compassion, communication, competence and charting. Contact us for more information on preventing a claim.
For a medical malpractice claim to be deemed legitimate, the 4 Ds of medical malpractice must be established: Duty, Direct Cause, Dereliction and Damages.
3 unimaginable medical malpractice cases include a surgeon inserting a screwdriver in a patient and three doctors performing brain surgery on the wrong side.
4 elements of medical malpractice include (1) professional duty owed to the patient; (2) breach of duty; (3) injury caused by breach and (4) resulting damages.
We invite healthcare providers, doctors, surgeons, medical practices, rural hospitals, and large medical groups nationwide to join the ranks of thousands who have already experienced the powerful synergy offered by Fifth Avenue Healthcare Services.