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| Issue 4. September, 2006 |
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Does Tort Reform Really Help Doctors? Three years ago, Texas passed legislation limiting the amount of money that can be paid out on a medical malpractice lawsuit. As the third anniversary of that legislation approaches, members of the Texas Medical Association are saying the law has helped. Specifically, a survey of 1154 members found it is now easier to recruit new doctors in communities with tort reform, even in high-risk specialties. Patients are seeing a benefit as well because more physicians are willing to "accept patients with complex or high-risk problems, or offer patients new services." In Michigan, tort laws limit the amount of damages to $500,000 and make it more difficult to bring a malpractice suit than before. As a result, insurance premiums are lower and Michigan is able to recruit doctors from nearby states like Pennsylvania. Patients in Michigan seem to be gaining benefits from tort reform as well. Doctors are more willing to perform higher-risk procedures and more specialists are being recruited, making it easier to find the care patients need. In last month's issue of Vital Signs, we discussed how sincere apologies from physicians can help reduce malpractice suits. What role could tort reform play in reducing malpractice insurance premiums? We are interested in getting your opinion on this subject. Please email us if you have direct experience with the effects of tort reform...good or bad. We'll publish the results in an upcoming article. Resources Three Years Later, TMA Touts Tort Reform Michigan's Malpractice Laws Keep State Out of 'Crisis' Level
Doctors and Billing Services Rate AdvancedMD Products Highly In our continuing efforts to improve our products and solicit feedback, AdvancedMD contracted a third party research company to survey our existing clients. The survey included eight questions and a free-form field to obtain candid feedback from respondents. The results were quite enlightening. First of all, our clients were eager to tell us what they thought. Our response rate was 19.5%...nearly triple the industry average for these kinds of surveys. Additionally, the majority of our respondents used our software at least 30 hours a week, meaning they were very familiar with it and knew what they were talking about. The responses were overwhelmingly positive, with many comments reflecting what one customer wrote when she responded: "I've been very happy with AdvancedMD and feel it is far superior to systems I've previously used.” Our overall approval rating was 91% with "ease of use" and "product features" being the top factors for that score. Other areas in the survey were:
It's great to have such satisfied customers and we appreciate suggestions on how we can provide better products and services. One client suggestion lead us to create AdvancedMD Essential for medical offices that want to start with a lower cost option, but still have the ability to upgrade to the enhanced features and benefits of AdvancedMD Professional at any time. Another client commented in the survey, “I have seen many of the enhancement requests I have requested in the latest update, which means that my voice is heard and AdvancedMD works with their customers.” If your medical practice or billing service is in the market for practice management, billing or EMR Software, contact your AdvancedMD representative, or request a free demo. We think you'll be just as pleased as our existing customers. |
Quotable Joke A CAT scan —The Doctor's Book of Humorous Quotations
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Events Watch HBMA Regionals: Great Lakes Region – October 17 – Hyatt Regency Milwaukee, Milwaukee, WI – Come see AdvancedMD as we showcase the finest Enterprise-Class medical billing solution in the industry. HBMA Regionals: Midwest Region – October 19 – Marriot Courtyard Denver Downtown, Denver, CO – AdvancedMD will be there on the fourth stop of the HBMA regional tour; stop by and see healthcare’s premier Enterprise-Class medical billing solution. HBMA Regionals: Southwest Region – October 24 – Doubletree Campbell Center, Dallas, TX – Come visit AdvancedMD and discover the difference our solution can make in your medical billing business at the last stop of the HBMA regional tour.
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