January 20, 2025 • 27 mins
Medical Economics Managing Editor Todd Shryock and Peter H. Reilly, North American health care practice leader and chief sales officer at HUB International, discuss the top risks that medical practices face in 2025, as detailed in HUB International's 2025 Healthcare Outlook and Insurance Market Rate Report, from malpractice insurance rates to cybersecurity to natural disasters.
Music Credits:
Backroad lounge by Christian Petermann/Jamendo - stock.adobe.com
Relaxing Lounge by Classy Call me Man - stock.adobe.com
COCKTAIL by Mythical Audio - stock.adobe.com
Editor's note: Episode timestamps and transcript produced using AI tools.
Introduction to the Episode (00:00:20)
Overview of the podcast and introduction of speakers discussing healthcare risks for 2025.
Discussion on Healthcare Costs (00:02:23)
Exploration of rising costs and decreasing reimbursements in healthcare.
Rural Hospitals and Financial Pressures (00:05:49)
Impact of financial strain on rural hospitals and the need for awareness among physicians.
Worker Shortages and Burnout (00:08:10)
Addressing the challenges of worker shortages and mental strain in healthcare practices.
Malpractice Insurance Trends (00:12:08)
Overview of the medical professional liability market and its financial pressures.
Mitigating Natural Disaster Risks (00:15:21)
Strategies for practices to prepare for natural disasters and minimize operational disruptions.
Cybersecurity Risks in Healthcare (00:19:16)
Discussion on the increasing threat of cybercrime and the importance of data security.
Final Thoughts on Risk Management (00:23:32)
Encouragement for practitioners to understand and proactively manage risks in their practices.
Music Credits:
Backroad lounge by Christian Petermann/Jamendo - stock.adobe.com
Relaxing Lounge by Classy Call me Man - stock.adobe.com
COCKTAIL by Mythical Audio - stock.adobe.com
Editor's note: Episode timestamps and transcript produced using AI tools.
Introduction to the Episode (00:00:20)
Overview of the podcast and introduction of speakers discussing healthcare risks for 2025.
Discussion on Healthcare Costs (00:02:23)
Exploration of rising costs and decreasing reimbursements in healthcare.
Rural Hospitals and Financial Pressures (00:05:49)
Impact of financial strain on rural hospitals and the need for awareness among physicians.
Worker Shortages and Burnout (00:08:10)
Addressing the challenges of worker shortages and mental strain in healthcare practices.
Malpractice Insurance Trends (00:12:08)
Overview of the medical professional liability market and its financial pressures.
Mitigating Natural Disaster Risks (00:15:21)
Strategies for practices to prepare for natural disasters and minimize operational disruptions.
Cybersecurity Risks in Healthcare (00:19:16)
Discussion on the increasing threat of cybercrime and the importance of data security.
Final Thoughts on Risk Management (00:23:32)
Encouragement for practitioners to understand and proactively manage risks in their practices.
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