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Healthcare providers have been subject to the volatility of the insurance market for years, which has led some to look to the idea of establishing a captive as a way to cut costs, particularly with workers' compensation coverage. A captive can be a great solution in some circumstances, but don't jump without looking first.
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The government's health care fraud prevention and enforcement efforts recovered nearly $4.1 billion in taxpayer dollars in 2011, the highest annual amount ever recovered.
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A hospital being sued by its own risk manager is deep trouble, says Barbara E. Hoey, JD, a shareholder with the law firm of Littler Mendelson in New York City.
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A 68-year-old paraplegic male was undergoing occupational therapy to increase his level of independence following a spinal cord injury.
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With the link between healthcare worker fatigue and adverse events s well documented, The Joint Commission (TJC) issued a new Sentinel Event Alert: Healthcare worker fatigue and patient safety.
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In 2003, a 14-year-old girl went to the emergency department (ED) with complaints of weakness in her legs. The radiology department performed an MRI, but it failed to diagnose an abnormal mass on her spine. When the mass bled four years later, the patient suffered permanent spinal damage.
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Alcohol abuse is a "significant problem" for surgeons in the United States, with more than 15% of respondents in a nationwide survey signaling that they might have dependency issues, the American College of Surgeons reports.
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There are about 5,000 captive insurance companies in the world, with most being sponsored by U.S. entities, according to information provided by Capstone Associated Services in Houston, TX, which assists organizations with setting up captives.
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Captive insurance companies aren't for everyone, says Timothy E.J. Folk, vice president with The Graham Co., a healthcare consulting company in Philadelphia.
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The Securities and Exchange Commission (SEC) Whistleblower Program was created in Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2011.