practice would have expected to earn during the recovery process and all ex- penses incurred to continue business operations. Third-party coverage deals with
claims related to security and privacy breaches, regulatory investigations, and claims related to media liability, such as libel and slander; false advertising; and copyright, trademark, or domain name infringement, Mr. Southrey says. TMLT strongly recommends physi- cians purchase more than the default $50,000 coverage. Mr. Southrey says several policyholders who experienced an ePHI breach used their $50,000 limit on defense and notification fees alone. “At that point, the control of all further investigation, defense, and remediation falls upon the insured physician entirely,” he said.
Physicians can also purchase stand- alone cyber liability coverage from TMLT, which offers higher policy limits and broader coverage.
But insurance is no substitute for an active cyber security program, Mr. Southrey says. Health care professionals need to review and update their privacy and security policies and procedures and enhance their IT security.
Law sheds light on industry payments to physicians
Later this year under the Physician Payments Sunshine Act,
http://go.cms .gov/1fUQqK8, the Centers for Medicare & Medicaid Services (CMS) will make public physician payments reported by manufacturers of drugs, medical devices, and biologicals that participate in fed- eral health care programs. The law, which took effect Aug. 1, 2013, is part of the Affordable Care Act and requires manufacturers and group purchasing organizations to report own- ership interests held by physicians and their immediate family members. On Feb. 18, CMS opened payments
registration and data submission for ap- plicable manufacturers and group pur- chasing organizations for 2013. The American Medical Association anticipates that by August, CMS will launch an online portal where physi- cians can sign up to be notified when their financial disclosures are available
Physician Practice Opportunities
We have exciting opportunities for board certified/board eligible physicians to join Covenant Medical Group. The ideal candidate should have experience and a Texas license.
HIPAA penalties add up
Compliance with HIPAA regulations is more important as physi- cians face steeper penalties for breaches of protected health information (PHI) and as the U.S. Department of Health and Hu- man Services Office for Civil Rights cracks down on violations. Federal law increased penalties for HIPAA violations up to $1.5 million per violation. Civil penalties range from $100 to $50,000 per violation. Criminal penalties for lying to defraud a victim include a maximum $100,000 fine and up to five years in prison. Anyone who violates HIPAA rules to sell, transfer, or use PHI for commercial advantage, personal gain, or malicious harm faces up to a $250,000 fine and 10 years in prison.
Endocrinologist - Lubbock, TX Family Medicine - Lubbock, TX Family Medicine Urgent Care - Lubbock, TX General Surgeon - Lubbock, TX Internal Medicine - Lubbock, TX Internal Medicine - Plainview, TX Neurologist - Lubbock, TX Orthopedic Foot/Ankle Surgeon – Lubbock, TX Palliative Care Medicine - Lubbock, TX Pediatric Emergency Medicine - Lubbock, TX Pediatric Intensivist – Lubbock, TX Pediatric Orthopedic Surgeon - Lubbock, TX Pediatric Surgeon - Lubbock, TX Pediatrician - Lubbock, TX Pediatrician - Plainview, TX Pediatrician Urgent Care - Lubbock, TX
Covenant Medical Group (CMG) is affiliated with Covenant Health System in Lubbock, Texas. CMG is a multi-specialty group with more than 150 physicians across West Texas and Eastern New Mexico. We offer a competitive salary and excellent benefit package. CV should include salary requirements and can be forwarded to Covenant Medical Group, Attn: Kelly Fortney, 3420 22nd Place, Lubbock, TX 79410 or faxed to (806) 723-7476. For telephone inquiries, call (806) 725-7875.
E-mail:
kfortney@covhs.org July 2014 TEXAS MEDICINE 33
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