Louisiana Medical News Sept 2013

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YOUR PRIMARY SOURCE FOR PROFESSIONAL HEALTHCARE NEWS SEPTEMBER 2013 / $5

SOU TH LOU ISIANA ED ITION

On Rounds Physician Spotlight

Obamacare May Boost Medical Malpractice Risks By TED GRIGGS

A flood of newly insured patients triggered by the Affordable Care Act and changes to the healthcare delivery system could expand the risks that medical professional liability companies and physicians face, according to the Casualty Actuarial Society. Kevin Bingham, an associate of the Casualty Actuarial Society and principal at Deloitte in Hartford, Conn., said 78 percent of all doctors had either a private practice or operated with one other doctor in 1978. In 2013, only 30 percent of doctors were following that business model. Meanwhile, an estimated 32 million Americans who don’t have insurance now are expected to gain coverage under the Affordable Care Act. “There may be fewer doctors to care for a greater number of patients,” according to Brian Ingle, a Fellow of the Casualty Actuarial Society and executive vice president with Willis Re. Inc. in New York City. Bingham and Ingle were among the experts who spoke at the society’s annual Seminar on Reinsurance, held June 6-7 in Bermuda. Medical Professional Liability insurance policies provide financial protection for doctors and other healthcare practitioners against lawsuits alleging negligence or errors and omissions on the providers’ part that result in harm to their patients. The United States market for the coverage has been profitable in recent years.

Dr. Christopher Trahan

Making patients whole again Growing up in Abbeville, Christopher Trahan was inspired to help people by his grandfather, Harold George Trahan, a general practitioner, and his father, Harold George Trahan, Jr., an internist. “I basically saw the difference they were able to make in people’s lives and how much pride they took in it,” he recalled. “And, I enjoyed helping and getting to know people.” ... page 3

Embrace Change and Change Strategy Healthcare will change more in this decade than it has in the past 50 years, and Louisiana’s health quality leaders should adopt a strategy based on things changing, according to health futurist and medical economist Jeffrey C. Bauer ... page 5

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TRANSPARENCY

Shining a Light on Physician, Industry Relationships Physician Payments Sunshine Act Now in Effect By CINDy SANDERS

If you’ve recently enjoyed a golf outing with your friendly pharmaceutical rep or a nice dinner with a device manufacturer, that information will soon be available for all to see. The Physician Payments Sunshine Act went into effect Aug. 1 of this year and requires applicable manufacturers to report certain interactions with physicians and teaching hospitals that are deemed to have value. ‘Applicable manufacturers’ are defined as pharmaceutical, device, biologic and medical supply manufacturers whose products either require a prescription to be dispensed or for which payment under federal healthcare programs is available. “The Sunshine Act generally applies when physicians or teaching hospitals receive trans(CONTINUED ON PAGE 6)

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Louisiana Medical News Sept 2013 by FW Publishing - Issuu