PracticeLink Magazine

Spring 2018

The career development quarterly for physicians of all specialties, PracticeLink Magazine provides readers with feature articles, compensation stats, helpful job search tips—as well as recruitment ads from organizations across the U.S.

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PracticeLink.com S P ring 2018 31 L e g a L M at t e r s You already love the Northwest. Why not love your career, too? everettclinic.com Ready to become part of our team? HR@everettclinic.com n 425-339-5475 The Everett Clinic is looking for great providers to join our exceptional teams. We are a nationally recognized, physician-led group with 600 providers in primary and specialty care throughout the greater Seattle area. We're growing in new markets and new models of care that put the patient first. We are independently owned and not part of a hospital or insurance company. What we offer n Work life balance n Generous compensation and benefits n Flexible scheduling to have the practice pick up the cost of tail coverage in the event of separation. Other types of malpractice coverage In addition to claims-made malpractice insurance, occurrence-based malpractice insurance is another option. Occu rrence-based insu rance covers a physician whenever the alleged act of malpractice occurred, regardless of when the claim is actually filed, meaning there is no need for tail or prior acts coverage. "Occurrence has a built-in tail policy, but it's much more expensive and only available in a limited number of markets," says Hawkins. Some medical trusts operate claims-paid malpractice insurance coverage, which sets premiums based on malpractice claim payouts from the previous year and anticipated payouts in the coming year. As with claims- made insurance, tail coverage is necessary — and often hugely expensive — when ending a claims-paid policy. Additional drawbacks of this type of policy include premiums that may fluctuate unpredictably, strict rules on what is covered and what is not, and difficulty switching to a new carrier. A plan of action Every practice situation is different. When navigating your employment contract, make sure there is an answer to the question of who pays for malpractice insurance premiums while with the practice and tail coverage in the event of separation. For the individual physician, the ideal situation is, of course, having the practice foot the bill. While it probably shouldn't be a deal breaker if the practice does not pay for that coverage, knowing that tail or prior acts malpractice coverage will be necessary is the first step in planning for an almost certain big expense in every modern physician's career. RYAN REKIETA provides executive leadership for the Career Ser vices team at Afferent Provider Solutions (afferentsolutions.com).

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