Farmington, CT, June 16, 2021 (GLOBE NEWSWIRE) – Specialty insurer Beazley has expanded its risk management offering for the telehealth industry with new tools designed to help navigate the complex digital health regulatory landscape .
In partnership with the law firm BakerHostetler, Beazley has created a multi-layered interactive digital map that provides detailed information on state-by-state laws governing the provision of telehealth services in the United States.
Using up-to-date research and data points, the map clearly highlights regional variations in legislation and guidelines to help brokers and telehealth professionals navigate the complexities of service delivery remote health care between states.
The digital map, available here, includes data points for all 50 states, including the following:
- Who can be a telehealth provider
- Standards of Practice
- License conditions
- Accepted modalities (audio, video, mobile)
- Excluded services
- Additional repayment potential
- Potential COVID-19 waivers
- Existence of active patient compensation funds
The map will be refreshed to reflect changes in the regulatory landscape, which has evolved more rapidly since the start of the pandemic as state regulators responded to the increased demand and need for remote healthcare.
The card is accessible through Beazley’s website and Virtual Care customer portal, in addition to existing risk management advice and information tailored to digital health customers and brokers.
Risk management services are an essential part of Beazley’s offering in the digital health and wellness space, aimed at helping mitigate and manage the complex web of business risks facing the industry.
Easier and more compliant identification
Accreditation and accreditation renewal checklists are also now available through the Virtual Care client portal exclusively for clients and brokers, designed to help telehealth professionals stay compliant and in the strongest position to mitigate and defend against claims.
These documents allow telehealth providers to ensure that all treatment of new or future employees, physicians and other level practitioners meets compliance requirements, thereby reducing the risk of professional liability or malpractice claims.
The accreditation documents were also designed in response to a recent survey of hundreds of digital health and wellness leaders commissioned by Beazley. According to Beazley Spotlight on: digital health and wellness Report, the ability to recruit and verify practitioner credentials is associated with economic uncertainty as the business risk of greatest concern to industry executives in the United States.
Jennifer Schoenthal, Global Product Manager for Beazley Virtual Care, said: “Telehealth regulations continue to evolve as the industry matures and patient demand evolves. The pandemic has created more levels of complexity as state and federal laws have responded to meet the demand for telehealth services. These include the temporary relaxation of HIPAA rules to facilitate remote viewing, the relaxation of licensing laws to allow providers to operate in and across multiple states, and increased reimbursement potential.
“Telehealth leaders recognize that a changing regulatory landscape can potentially create significant risks. As we emerge from the current crisis, accreditation and regulatory requirements can result in significant exposures as the industry grows. In response to this, we have enhanced our risk management offering for telehealth clients to provide additional tools that help navigate regulatory gaps between states and the need for rapid and accurate accreditation of new personnel. .
“The telehealth sector is experiencing strong growth; we want to make sure we provide the insurance and risk management that these businesses need to realize their potential.
Lynn Sessions, Partner at BakerHostetler, said: “Our interactive map is intended to help the health, insurance and legal communities understand how one state differs from another in defining and regulating telemedicine, a form of healthcare that has grown extremely rapidly as a result of the COVID-19 pandemic.
The regulatory map is now available on the Beazley website at https://www.beazley.com/beazley_academy/interactive_map.html
Note to editors:
Beazley plc (BEZ.L) is the parent company of specialist insurance companies operating in Europe, the United States, Canada, Latin America and Asia. Beazley operates six Lloyd’s syndicates and in 2020 wrote worldwide gross premiums of $ 3,563.8 million. All Lloyd’s unions are rated A by AM Best.
Beazley’s underwriters in the United States are focused on underwriting a range of specialty insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an AM Best A licensed carrier in all 50 states. In the surplus line market, coverage is provided by Lloyd’s Beazley Syndicates.
Beazley’s European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is rated A by AM Best and A + by Fitch.
Beazley is a market leader in many of its chosen lines, which include occupational compensation, cybersecurity, real estate, marine, reinsurance, accidents and life, as well as political risk and contingencies.
For more information, visit: www.beazley.com