Carla Borda

Physician Practices Require Unique Insite for Risk Management

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February 25th, 2012

Practice managers for physician run practices are overloaded with every aspect of running a small business – from business operations, HR, recruiting, government compliance regulations and even maintenance and snow removal. With the government’s new found oversight into medical practices, billing and compliance – today more than ever – doesn’t it make sense to rely» Read Full Article

Transfer Your Cyber Liability Exposure

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February 25th, 2012

Security breaches are risky for everyone – large and small businesses alike. In fact, some would say that smaller business are more at risk because they lack the infrastructure to keep their data secure. If you have employees – you have risk in that you are storing their personal identifiable information and their bank access» Read Full Article

Exposures of Being a “Member of the Board”

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February 25th, 2012

It’s a very prestigious appointment, being asked to share your expertise on a board of directors. There are a few questions one should ask before taking the position.  The costs could clearly outweigh the benefits if not considered correctly. Learn more about the exposures of being on a board of directors, and what questions you» Read Full Article

Examples of Employee Theft – How Would Your Company Recover?

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February 25th, 2012

How do you protect the assets of a business owner in the event of an employee theft? Perhaps you have insurance coverage – but is it enough? What policies and procedures do you have in place to counteract and recover? Where do you even start? Here are a few simply questions to ask yourself about» Read Full Article

22,453,356 Patient Records Breached Since 2005

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January 11th, 2012

22,453,356 – This number represents the amount of patient records that have been breached since 2005 at 595 healthcare entities, according to Privacy Rights Clearinghouse.  Last week the Ponemon Institute released their Second Annual Benchmark Study on Patient Privacy and Data Security.  Their results reveal a 32% increase in data breaches with 92% of the» Read Full Article

Is Your Healthcare Practice Covered For Compliance Allegations?

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July 12th, 2011

In 2009, medicare reclaimed $2.51 billion from physicians and other health-care providers which is a 29% increase over the prior year. Over $441 million in federal medicare money was returned in 2009 which was a 29% increase over 2008. R&R Insurance offers protection for your practice and reputation with FFActs Regulatory Compliance Insurance. Coverage Includes: Protection from Alleged» Read Full Article

Average Cost of Corporate Data Breach is $7.2 Million

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July 11th, 2011

R&R will be having a Cyber Liability seminar on Wednesday, October 5, 2011. In preparation for that seminar, I came across this great article regarding corporate data breaches and the costly ramifications by Tim Wilson of Dark Reading. Everything’s more expensive these days — and experiencing a major corporate data breach is no exception. 2010 Annual» Read Full Article

Cardiology Physician Group Covered For $2.4 Million Repayment

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July 9th, 2011

A four-physician cardiology group in Mississippi was targeted by the Center for Medicare Services (CMS). After an initial review of 159 claims, CMS determined that 30 were improperly paid. Based on the error rate, CMS demanded more than $2.4 million be repaid to the Medicare program within 30 days. Fortunately, the group had purchased the» Read Full Article

HIPPA Regulations Another Liability For Hospitals

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July 7th, 2011

Rules governing the restricted use of patient information create an additional liability exposure for the healthcare industry. The final HIPAA regulations establish the first ever national standards for privacy of health information. Enforcement activity for non-compliance may become an additional challenge for hospitals that are governed by these regulations in the near future.  R&R Insurance offers coverage» Read Full Article

AHA's RACTrac Traces Hospital RAC Activity Impact

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July 6th, 2011

Centers for Medicare & Medicaid Services (CMS) Recovery Audit Contractor (RACs) conduct automated reviews of Medicare payments to health care providers—using computer software to detect improper payments. RACs also conduct complex reviews of provider payments—using human review of medical records and other medical documentation to identify improper payments to providers. Improper payments include: incorrect payment» Read Full Article