Home healthcare providers provide an invaluable service to their clients. The healthcare industry, in general is a specialty industry that requires special coverages. Home health care requires even more than that. To protect your business, you require specialty insurance programs for home healthcare providers. Here are a couple of the liabilities and what to do about it.
Malpractice or Negligence Claims
Negligence and malpractice claims are among the most common in terms of the healthcare industry. There are standards that every practice must adhere to following. If a patient determines that your providers did not live up to that standard, he or she might file a malpractice or negligence claim. Patients expect the same standard of care that you would receive in a doctor’s office. You need the same level of insurance.
Post Payment Audits
A post payment audit is when the payer looks for a reason to recover money previously paid to you. This happens to both in facility care providers and in home providers. The government or insurance carrier will find discrepancies or over payments and you have to repay the insurance company.
If you want a solution, liability insurance and specialty insurance programs for home healthcare providers are your best option. These coverages will protect you against the risks to your business so that you have peace of mind.