Best dating a nurse practitioner malpractice insurance

best dating a nurse practitioner malpractice insurance

As a nurse, nurse practitioner, or nursing student, you may nee d professional liability insurance protection that goes beyond your employer-provided coverage. Whether you’ve recently graduated or have been practicing for years, lawsuits can occur and your employer’s liability insurer has their best interests in mind—not yours. You’ll want a plan that helps safeguard you, your license, your assets, as well as your financial future More than 30 national and state nursing associations endorse malpractice coverage through NSO. For professional liability coverage that is tailored to your profession, please visit www.NSO.com . Do you have all the coverage that you need for your non-medical activities? Click here to learn more. Get a Professional Liability Insurance Quote.

best dating a nurse practitioner malpractice insurance

Congratulations on the new job! After countless, grueling hours of juggling school with the rest of your life, you’ve finished and secured a job, a huge accomplishment indeed. Negotiating your compensation package can be a nail-biting, heart-racing all around anxiety-producing experience. While some of this anxiety might just stem from inexperience with negotiating a contract, you might also be worried about not knowing what to ask for as a new nurse practitioner.

From what I’ve witnessed among my peers and coworkers, many nurse practitioners across the country are missing out on key job satisfaction producing benefits on the table simply because they do not know they exist! When thinking about compensation and benefit packages, many people think of salary, health insurance, employer-match retirement plans and vacation time.

While these fundamental compensatory items are essential and should be negotiated with rigor, there are other non-traditional, but highly valuable benefits Nurse Practitioners should consider asking of their employer prior to signing on the dotted line. “I wish I had asked for that.” During my final semester in NP school, our professor had three practicing nurse practitioners come to our classroom to answer our questions about the profession.

Thanks to them, I was able to request some of the items they mentioned prior to my start date, and others I garnered within the first year of employment as an NP.

Administrative time This item is first for good reason. Administrative time is time within the workday when a provider is not slated to see patients. Health care providers can use these sessions to check lab results, catch up on charting, call patients, go to meetings and take care of personal life demands.

If Monday is busy, I know I’ll have Tuesday’s administrative session to catch up on call-backs, charting and collaborate with providers in other departments on complex patient cases. If I have to call a patient with a sensitive, time-deserving diagnosis such as a breast cancer; my administrative time is the perfect opportunity to give my patient my undivided attention. Consider asking to be allowed to conduct administrative time remotely with the help of technology. Apps such as the Doximity Dialer app allow for you to call patients from your cellular device and your place of employment’s number will display.

For those who share an office with other providers, being able to leave the office and return patient’s calls in the privacy of a quiet space is a patient-centered approach that adds to the patient’s satisfaction as well as a provider’s ability to concentrate.

Having administrative time improves your work-life balance, decreases incidence of burnout and increases provider and patient satisfaction. One day a week off If working four ten-hour shifts is an option at your workplace, this may be a great alternative work schedule that fits better into your life. It can be extremely nice to have a weekday where you’re able to grocery shop, go to the hair and nail salon, clean your home, get in a great workout and have some “you time” — a chance for a restorative break that so many health care providers and caregivers need to avoid burning out.

Money for CEUs and conferences This is an important yet often overlooked perk all providers should ask about. I’m allotted a sizable amount each year from the hospital nursing department towards education expenses such as conference registrations or the fees associated with continuing education courses. Separately, my obstetrics and gynecology practice reimburses me to stay current with my medical-related licenses.

When I travel for conferences, I am reimbursed for transportation as well as air travel. The costs associated with staying current with your medical licenses can accumulate to thousands of dollars per year. Be sure to inquire about having these items covered and explicitly written into your contract.

Education days: Not from your PTO bank Unfortunately, if we had to use our precious paid time off on conferences, many of us would not be up-to-date on the latest guidelines and cutting edge research being done in our fields.

Ask for education leave days that are separate from your standard paid time off. This should be seen as a win-win for your employer due to your ability to represent the practice while away.

Conference goers return refreshed and reignited in their desire to practice up-to-date, evidence-based medicine. The best part is being able to bring the newfound knowledge back to colleagues for consumption, keeping the entire team current on the happenings in your area of medicine. Malpractice insurance If you end up working for a small institution or private practice, be sure to ask about medical malpractice insurance coverage, also known as medical professional liability coverage.

Though almost all larger institutions cover malpractice insurance costs for their employees, many small entities do not. Shadowing/orientation time New nurse practitioners or NPs starting in a new area of medicine should ask for an orientation schedule and time to shadow other providers. Ask about shadowing an NP, MD or PA colleague to see the patient flow, clinic operations as well as common practice.

Working in an outpatient OB/GYN practice; there are a lot of moving parts. I was given a much needed and appreciated one-month orientation. In addition to days set apart to learn the electronic medical record, I shadowed the clinical operations manager, nurse manager, genetic counselor, scheduling associates, clinical technicians, physicians and other nurse practitioner, maternal fetal medicine specialists and the sonographers.

I even spent a day in the billing department. It is important to have a grasp on clinical operations and flow as well as firsthand experience so you can troubleshoot issues. Modified schedule Practicing as a nurse practitioner is quite different from your days in your clinical rotation. A patient presentation you’ve seen one hundred times can look completely foreign when you’re on your own! In addition to self-doubt, which is common for any new health care provider, you’re navigating how to chart in the new EMR system, send prescriptions electronically as well as have the perfect history of present illness (HPI).

This is difficult to do all of this within the 15-minute time slot many NPs are given to see an acute visit. Advocate to start with all 30 min appointment slots, and if they are already 30 minutes, advocate for 1-hour slots for the first month. Being safe and patient-centered is the goal. No one wins when you’re running an hour behind because you were thrown in the proverbial shark tank.

“I’m so glad I asked for that!” While all of these benefits may not be possible to obtain at the outset of a new job, having even one or two can significantly increase your quality of life, job satisfaction and longevity in the field. While salary, health care benefits, and retirement negotiations are vital, one’s quality of life is essential to his or her well-being and ability to perform with excellence and compassion. Try to negotiate incorporating some of these suggestions into your compensation package and excitedly sign on the dotted line.

Monica Elston is a nurse practitioner. This article originally appeared in . Image credit:


best dating a nurse practitioner malpractice insurance

best dating a nurse practitioner malpractice insurance - Choosing Malpractice Insurance : The Nurse Practitioner


best dating a nurse practitioner malpractice insurance

for nurse practitioners is an insurance product for nurse practitioners concerned about incurred in the course of doing their work. Nurse practitioners can purchase insurance to cover them in the event of malpractice suits, along with other issues that may come up.

If the policyholder is named in a suit, the insurance company can assist with preparing a defense and paying damages in the event the suit goes to court and is ruled in favor of the . Nurse practitioners concerned about the affordability of malpractice insurance can often receive a discounted rate by going through a professional organization. Medical facilities like hospitals and clinics usually carry large blanket insurance policies. When employees are named in suits, these policies will provide coverage and for some people, this may be sufficient.

In other cases, separate malpractice insurance for nurse practitioners is needed. People who freelance and provide traveling nursing services may not be adequately covered, for example, or they may work in high risk specialties like obstetrics where the hospital policy may not provide enough coverage. People considering the purchase of malpractice insurance for nurse practitioners can meet with supervisors, as well as insurance representatives.

A supervisor can provide more information about whether a care provider is covered under a general policy and how much coverage is offered. Supervisors may also specifically recommend purchasing malpractice insurance for nurse practitioners based on experience and the nurse's status with the organization. An can help a select the right insurance product for his needs. This is a form of professional . Most insurance providers offer malpractice insurance for nurse practitioners and may offer discounts to people buying bundled insurance policies.

Professional nursing organizations also commonly provide insurance at discounted rates to their members. Rates and coverage are negotiated in advance. By going through a professional organization, nurse practitioners can access insurance tailored to their specialties. Prices for malpractice insurance can vary depending on the type of coverage, and the specialty a nurse practitioner focuses on at work.

When considering their options, nurse practitioners may want to get several quotes and should look at the costs for varying levels of coverage.

It can also be helpful to look up damage awards in malpractice cases to get an idea of the kind of coverage needed.

Damages in some specialties tend to be larger than in others, and it is advisable to seek out specialty-specific examples. copyright © 2003 - 2018, conjecture corporation { "vars": { "account": "UA-176713-16", "domainName": "wisegeek.net", "Tag": "", "MonthPublished": "2011-01", "Template": "mobile-1ad-per-pv-js", "Category": "finance-investing", "category": "finance-investing", "dp": "2011-01", "pt": "mobile-1ad-per-pv-js", "rk": "", "subdomain": "www", "tg": "", }, "triggers": [{ "on": "visible", "request": "pageview" }] }


best dating a nurse practitioner malpractice insurance

Is it important to have malpractice insurance for nurses? Imagine receiving allegations against your nursing practice. Being sued at the most difficult part of your nursing career can be one of the most stressful times of your life. Without having support, it can affect your nursing career negatively. Also Read: You might not feel the need for malpractice insurance for now but having one can save you from headaches in the future.

You can liken it to having a safety net to catch you. To help you get started, here’s a short guide on how you can get your own malpractice insurance: 1. Choose your carrier There are plenty of insurance carriers offering malpractice insurance for nurses.

Here are some of the well-known insurance carriers: • Nursing Service Organization (NSO) specializes in providing professional liability insurance for nurses.

So far, they are the largest provider of insurance for nurses with over 500,000 insured nurses under their name. Aside from professional coverage, they also cover nursing students, nursing schools and nurses in independent practice. • Healthcare Providers Service Organization (HPSO) specializes in providing professional liability insurance for healthcare workers.

They have plenty of policies for different groups of healthcare workers both for individual and business coverage. They have been in this industry for almost three decades and they developed extensive tools for their clients to learn their risk coverage. • CM & F Group specializes in providing malpractice insurance for all kinds of professionals.

They were established in 1919 and they have decades of expertise in covering malpractice insurance for individual and business use. Their policies are available online and determination of coverage is fully automated for online applicants.

• Mercer Consumer’s Proliability specializes in providing professional liability insurance to both healthcare and business professionals. Mercer Consumer has been providing different insurance policies for healthcare professionals for more than 60 years. Its parent company, Marsh and McLennan, has been in the insurance industry for almost a century. 2. Get a Quote After choosing a carrier for your malpractice insurance, it’s time to get a quote. Premiums vary depending on the applicant’s profile and desired coverage.

Usual range of coverage per claim is around $100,000 – $300,000 while total coverage an insurance company will pay per policy period is around $1 million – $3 million. A part of your annual fee/premium will depend on your desired amount of coverage and the type of insurance policy.

There are two types of insurance policy – claims-made and occurrence-type. • Claims-made – Claims-made policies offer coverage for incidents reported while you are insured. Both the incident and the filing of claim should happen during the policy period. Once you drop a claims-made policy, any incident that will be filed thereafter will not be covered by the insurance unless you paid for “tail coverage”.

Tail coverage covers for any claims that could arise after dropping a claims-made policy as long as the incident happened during your policy period. • Occurrence-type – Occurrence-type policies are lifetime coverage for any incident that happened during the policy period regardless when the claim is made. It means being covered for a claim filed even if you no longer have insurance with that carrier as long as the incident happened while you are still under the insurance.

Getting a quote is now easier thanks to technology. Most insurance carriers have automated quote provision for online inquiries. It is recommended to obtain quotes from different insurance carriers to find the best policy for your needs and expenses. 3. Apply Once you have compared the policies and the quotes you obtained, it’s time to apply for your desired insurance policy. Most insurance carriers offer online application and it’s the easiest way to file for coverage.

They also offer online support for inquiries and clarifications. Once the application has been successful, expect approval of your coverage within a week from the time of application. Also Read: Tips in Getting Malpractice Insurance • Start as early as possible.

Experts recommend getting malpractice insurance while you are still a student. Nursing students can get discounts from insurance carriers and they can get special offers once they transition to professional practice after licensure.

Although successful lawsuits against students are rare, they can be named in group lawsuits. The $30-$50 annual premium for malpractice insurance of students is a small price to pay during these times.

• Don’t rely on your employer’s malpractice insurance. Hospital and other healthcare institutions usually have extensive malpractice insurance that also covers their employees in times of lawsuits. Although this sounds assuring, this should not be a reason in postponing your own malpractice insurance. Malpractice insurances for companies have small coverage for employees and they prioritize the welfare of the company more than their employees.

Without having your own insurance, you might need to shoulder out-of-pocket expense not covered by your company’s insurance during group lawsuits. • Read the coverage of the offered malpractice insurance policy thoroughly before signing up.

Check for the extent of coverage being offered and all the fees you need to pay every year. Request for the explanation of a representative from the insurance carrier whenever you don’t understand a part of the coverage.

Some nurses skip thoroughly checking the details of their malpractice insurance policy and once they file for a claim, they are surprised with how limited their coverage is. Also Read: Malpractice insurance for nurses is one of the hottest topics in nursing forums. Lots of new nurses are contemplating if it’s advisable to get one or not. If you have doubts, explore nursing forums and seek for their recommendations.

Learn from the stories of other nurses about how they chose and used their malpractice insurances at work. Take your time in choosing an insurance carrier to find the best one that fits your concerns about the extent of coverage you need. Do YOU have a malpractice insurance? Which carrier did you choose? Share your experiences with us!


Malpractice insurance for nurse practitioners: Claims made or occurrence?
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