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MPL Investment and Asset Management Forum, Part II

Join us for the second of two exclusive online MPL Investment and Asset Management Thought Leader Forums.

Damage Cap Legislation Once Again a Major Issue for States

The MPL Association’s Government Relations Department provides insights from the 2023 state legislative sessions across the country, including an analysis of the multiple states that took significant steps to address caps on damages.

Headwinds Continue for MPL Insurance Sector Despite Improvement in 2022

A recent sector report from the MPL Association found that in 2022, the MPL insurance market presented mixed results. While the industry’s combined ratio improved, posting its best results since 2017, the industry hasn’t generated an underwriting profit in nearly a decade.  



How Patient Engagement Contributes to MPL Claims

Remediating Patient Dissatisfaction Can Curb MPL Claims

In the wake of the COVID-19 pandemic, both providers and patients suffer from burnout. For patients, this burnout can manifest in low patient engagement, which can lead to disengagement. This disengagement, in turn, can lead to a decline in a patient’s ability to manage their own care, which is correlated with poor outcomes.

In a recent study, medical professional liability (MPL) insurance carrier Coverys reviewed five years of closed MPL claims to identify events where a lack of patient engagement was connected to alleged medical errors. The study offers potential areas of focus to increase patient engagement to assist providers and healthcare organizations to reduce the likelihood of a related claim and improve:

Healthcare Outcomes: Engaged patients are more likely to comply with treatment recommendations, take medications as prescribed, and adopt preventative behaviors.

Patient Compliance: Interaction between providers and patients actively reduces noncompliance risk.

Self-Efficacy: When healthcare providers are aware of ways that they can improve patient self-efficacy, they can help patients in need of assistance gain the confidence and ability to take steps to achieve healthcare goals.

Return-on-Investment (ROI): Improved patient engagement can positively impact provider productivity and ROI, reducing the number of visits necessary to realize a successful outcome.