Elevate Your Practice: September’s Curated Insights for Your Medical Office

Three healthcare professionals walking and talking in a modern medical facility, with text overlay: 'Elevate Your Practice – Curated Insights for Your Medical Office,' and MLMIC Insurance Company logo in the corner.

Navigating the ever-expanding volume of information in the medical field can be a daunting task. How do you efficiently discern critical insights that truly make a difference in your daily practice? At MLMIC, we recognize this challenge. That’s precisely why we’ve meticulously compiled a selection of vital articles, providing you with clear, concise summaries and direct access to the most impactful industry news and analysis. Think of this as your essential guide to staying sharp and comprehensively informed.

Join us as we explore our curations for the month of September.

Malpractice Payouts Soaring as Cases Fall 20%

A recent analysis shows that while the number of medical malpractice cases has fallen by nearly 20% over the last decade, the severity and total value of the payouts have increased dramatically. In 2024, the total amount paid out for malpractice claims reached nearly $5 billion, with an average payout of $433,000 per case.

Review additional statistics here.

The American Medical Association Releases AI Governance Toolkit

The American Medical Association (AMA) has released a new toolkit to guide health systems in responsibly implementing artificial intelligence (AI). The “Governance for Augmented Intelligence” toolkit is an eight-step program designed to help organizations establish a framework for using AI, addressing key concerns like potential bias, privacy risks and new liability issues.

Learn more about the AMA’s toolkit here.

Hormone-Free Birth Control for Men

Currently, men only have two reliable options for birth control. A new hormone-free pill, which prevents retinoic acid from binding to its receptor has now passed its first safety trial in humans. This means that the pill has only been tested for safety, not efficacy. When will it be on the market?

Find out here.

The Relationship Between Daily Consumption of Ultra-Proceed Food and Lung Cancer

A recent study revealed that adults who consumed 3.7 or more servings of ultra-processed foods daily may have an increased risk of lung cancer. The study focused on an array of foods including salty snacks, desserts, fried foods and dairy products.

Read more here.

Small Healthcare Practices Exposed to Cyberattacks

A recent survey revealed that 98% of small medical practices incorrectly believe they are HIPAA compliant, despite having major security weaknesses. These practices are highly vulnerable to cyberattacks, with nearly half of all healthcare email breaches linked to Microsoft 365 and most lacking secure email transfer protocols.

See the full story.

As we wrap up this edition of MLMIC’s medical news, we hope these curated articles offered valuable insights and kept you abreast of medicine’s dynamic world. Our goal is to empower your practice by delivering the most relevant industry research and developments.

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If you are not already a MLMIC insured, learn more about us here.

This document is for general purposes only and should not be construed as medical, dental or legal advice. This document is not comprehensive and does not cover all possible factual circumstances. Because the facts applicable to your situation may vary, or the laws applicable in your jurisdiction may differ, please contact your attorney or other professional advisors for any questions related to legal, medical, dental or professional obligations, the applicable state or federal laws or other professional questions.