Why Are New York’s Ophthalmologists choosing PRI as Their Medical Malpractice Insurance Carrier?
PRI has some of the lowest ophthalmology rates for an admitted malpractice insurance carrier in New York
PRI is physician-owned and exclusive to New York
As a physician-owned professional liability insurance company exclusive to New York, PRI understands what it means to put the needs of New York ophthalmologists first.
Spend less time managing your policy and more time caring for your patients
PRI understands that the last thing an ophthalmologist needs to do is to spend valuable time with mundane administrative tasks which is why PRI has developed PRIConnectSM.
PRIConnectSM is a suite of web-based tools designed to ensure that our physicians can easily manage their malpractice insurance policy. With PRIConnectSM, physicians can easily receive quotes and apply for malpractice insurance, access their premiums and deductibles, view invoices, generate certificates of insurance, and much more.
Successful claims defense
As a physician-owned company, PRI understands that protecting your reputation and interests are our number one priority. If you are ever involved in a malpractice suit, you can rest assured knowing that our claims specialists will work tirelessly to investigate and strategize on your behalf. At PRI, we will put together a team of top legal, claims, insurance, and medical experts, including leading experts in ophthalmology, to bring forth the strongest defense possible on your behalf. In the past 12 months, PRI has received defense verdicts in over 90% of cases brought to trial. To learn more about our defense verdicts, click here.
Comprehensive risk management services
PRI’s risk management and legal team has decades of experience supporting and advising our physicians on how to best mitigate risk in their practice. PRI provides telephone and in office risk management consultations services for both small and large practices.
Access to award-winning education
PRI’s award winning CME and MOC education programs combine the very best risk management and patient safety content into easy to learn, memorable online courses. PRI courses are approved by the Medical Society of the State of New York and the New York State Department of Financial Services for the New York State medical malpractice insurance premium discount and excess malpractice insurance program.
- Stay informed with PRI’s legal briefs
- Find specialty-specific risk management content with PRI’s original articles, videos, and posts.
- Stay current by following PRI’s social media feeds for the latest news, information, and original articles.
- Keep up to date with the latest malpractice trends by attending PRI’s webinars.
Physician peer support
No ophthalmologist wants to have an adverse event or become involved in a malpractice lawsuit. Unfortunately, it is impossible to completely eliminate risk, no matter how competent a physician may be. At PRI, we have trained, knowledgeable, experienced physicians to provide support to you if the need arises. Our critical care peer-supporters are available to have a confidential call to discuss an adverse event, litigation, or any frustrations or challenges related to practicing medicine today.
PRI also has monthly group peer support meetings for physicians who wish to have a confidential discussion with a group of peers.
In Focus – Ophthalmology Malpractice Claims
When considering ophthalmologists workload and the volume of procedures they perform, ophthalmologists face a relatively low number of malpractice claims. Out of 30 medical and surgical specialties, ophthalmology ranks 17th for total indemnity payments and 20th for average indemnity payment.
A review of 10 years of national registry data identified an average indemnity payment for paid malpractice claims to be $280,145 per claim. The two top presenting conditions that lead to a malpractice claim against ophthalmologists are cataracts and myopia. These top presenting conditions correlate with the tow most common surgeries associated with a closed claim, namely cataract surgery and corneal surgery, with corneal surgery carrying the highest average indemnity payment for claims against ophthalmologists. Strategies for decreasing malpractice suits in ophthalmology include careful informed consent for surgeries and close follow-up postoperatively. Because ophthalmologists can perform a high volume of surgeries, they can be prone to higher rates of malpractice claims simply due to the number of procedures performed. Eye surgeons should carefully evaluate their workload to ensure they can effectively manage not only the number of procedures they are performing but the follow-up that is required for each case. It is also good practice for ophthalmologists to refer patients to appropriate ophthalmology subspecialists as needed.
- Rashmi GM, et al. Clinical Negligence in Ophthalmology: Fifteen Years of National Health Service Litigation Authority Data. April 2013 Volume 120, Issue 4, Pages 859–864. https://www.aaojournal.org/article/S0161-6420(12)00029-2/abstract?code=ophtha-site
- Lee BS. Cataract, corneal surgeries most likely to result in ophthalmology malpractice claims. May 14 2018. https://www.aao.org/editors-choice/cataract-corneal-surgeries-most-likely-to-result-i
Helpful Ophthalmology resources
- American Academy of Ophthalmology https://www.aao.org/
- BMC Ophthalmology biomedcentral.com
- JAMA Ophthalmology https://jamanetwork.com/journals/jamaophthalmology
- Ophthalmology Times http://www.ophthalmologytimes.com/