In Preparation to the Royal College of Psychiatrists

In Preparation to the Royal College of Psychiatrists

In Preparation to the Royal College of Psychiatrists

28 Jun 2019

Servca cover the Royal College of Psychiatrists event

In preparation to the Royal College of Psychiatrists, International Congress which takes place from 1st – 4th July 2019 at the London Excel centre, Servca will be exhibiting and promoting our medical negligence, risk management and ServCare Medical Society offering to Psychiatrists, to offer them a greater understanding of the coverages available to them what impact claims and complaints can have on them and how to best avoid these.

Psychiatry – An Overview:

As of 2017 there were 7068 Psychiatrists employed or contracted (taken from the Royal College of Psychiatrists census).Mental health illnesses in the UK has shown a drastic increase over a 10-year period due to various social, environmental, dietary and technological changes in lifestyle. The constant use of social media for example has had a significant effect on adolescents which has shown a rise in self harm, depression & anxiety. Psychiatrists face an uphill challenge with recent articles showing an average figure of 10 Psychiatrists per 100,000 people in the United Kingdom. Furthermore, there has only been a. 1.7% increase in consultant Psychiatrists on a year to year basis, almost 2.5% less than expected as of 2017.

Risk Exposures in Psychiatry

Fig 1.0 and 2.0. show the clinical negligence claims and costs paid in comparison to other medical specifications in the NHS. Although these figures are not reflective of the private sector, one can make a reasonable assumption (in the absence of accurate figures) that the statistics are proportionately lower.

The data provided from the NHS-Resolution for the 2017-18 period suggests that there were 10,673 clinical claims logged. The analyses show that amongst all consultant specialities, Psychiatrist were joint equal for the lowest percentage (3%) of claims brought about as a claim for clinical negligence (circa 321 out of 10,673 claims)If we also consider the increasing mental health illnesses and diagnosis that have been made every year, over the last 10 years, these findings show that in the greater aspect of claims evaluation, claims for Psychiatrist’s remain astonishingly low.

Fig. 2 illustrates that in the 2017-18 period, the total claims that were paid out amounted to £4,513,200,000 (£4.5b) within the NHS. Of this total amount paid in claims, Psychiatrist’s claims amounted to 2% of the total value - £90.2m out of £4.5bn. It is important to note that NHS has a far higher claims frequency in comparison to doctors working within the private sector. Ongoing staffing shortages and lack of specialist doctors has left the NHS in a vulnerable position which have inevitably resulted in sub-standard care and treatment which has been widely documented within the UK. Coupling with the fact that mental health illness has been showing a drastic rise over the last 10 years, it is no surprise that that Psychiatrist’s within the NHS are heavily burdened.

Indemnity Options within the NHS and Private Sectors

Within the NHS, indemnity is provided through the Crown Indemnity Scheme, which will provide Psychiatrists with representation and compensation pay-outs for Clinical Negligence related claims and allegations. It’s Important to note that the following aspects of cover are not provided through the Crown Indemnity Scheme:· Professional Disciplinary Defence including GMC and Regulatory issues.· Employment and contract Disputes.· Grievances Defence including employment & bullying harassment.· Performers List Disputes. In a private setting, as a Psychiatrist you will need to arrange appropriate indemnity. The two routes of indemnity are:1. Commercial Insurance (Medical Indemnity) – Lloyd’s of London Insurer (via a Lloyd’s of London Insurance Broker).2. Medical Defence Organisation – The MDU, The MPS, The MDDUS. If you wish to learn more about your indemnity options and how to risk manage to prevent claims and complaints, visit us on Stand 66 at the Royal College of Psychiatrists, International Congress at the London Excel centre between the 1st – 4th July 2019, where our Managing Director, Dr Edwin Rajadurai will be at hand to answer your questions.

In preparation to the Royal College of Psychiatrists, International Congress which takes place from 1st – 4th July 2019 at the London Excel centre, Servca will be exhibiting and promoting our medical negligence, risk management and ServCare Medical Society offering to Psychiatrists, to offer them a greater understanding of the coverages available to them what impact claims and complaints can have on them and how to best avoid these.

Psychiatry – An Overview:

As of 2017 there were 7068 Psychiatrists employed or contracted (taken from the Royal College of Psychiatrists census).Mental health illnesses in the UK has shown a drastic increase over a 10-year period due to various social, environmental, dietary and technological changes in lifestyle. The constant use of social media for example has had a significant effect on adolescents which has shown a rise in self harm, depression & anxiety. Psychiatrists face an uphill challenge with recent articles showing an average figure of 10 Psychiatrists per 100,000 people in the United Kingdom. Furthermore, there has only been a. 1.7% increase in consultant Psychiatrists on a year to year basis, almost 2.5% less than expected as of 2017.

Risk Exposures in Psychiatry

Fig 1.0 and 2.0. show the clinical negligence claims and costs paid in comparison to other medical specifications in the NHS. Although these figures are not reflective of the private sector, one can make a reasonable assumption (in the absence of accurate figures) that the statistics are proportionately lower.

The data provided from the NHS-Resolution for the 2017-18 period suggests that there were 10,673 clinical claims logged. The analyses show that amongst all consultant specialities, Psychiatrist were joint equal for the lowest percentage (3%) of claims brought about as a claim for clinical negligence (circa 321 out of 10,673 claims)If we also consider the increasing mental health illnesses and diagnosis that have been made every year, over the last 10 years, these findings show that in the greater aspect of claims evaluation, claims for Psychiatrist’s remain astonishingly low.

Fig. 2 illustrates that in the 2017-18 period, the total claims that were paid out amounted to £4,513,200,000 (£4.5b) within the NHS. Of this total amount paid in claims, Psychiatrist’s claims amounted to 2% of the total value - £90.2m out of £4.5bn. It is important to note that NHS has a far higher claims frequency in comparison to doctors working within the private sector. Ongoing staffing shortages and lack of specialist doctors has left the NHS in a vulnerable position which have inevitably resulted in sub-standard care and treatment which has been widely documented within the UK. Coupling with the fact that mental health illness has been showing a drastic rise over the last 10 years, it is no surprise that that Psychiatrist’s within the NHS are heavily burdened.

Indemnity Options within the NHS and Private Sectors

Within the NHS, indemnity is provided through the Crown Indemnity Scheme, which will provide Psychiatrists with representation and compensation pay-outs for Clinical Negligence related claims and allegations. It’s Important to note that the following aspects of cover are not provided through the Crown Indemnity Scheme:· Professional Disciplinary Defence including GMC and Regulatory issues.· Employment and contract Disputes.· Grievances Defence including employment & bullying harassment.· Performers List Disputes. In a private setting, as a Psychiatrist you will need to arrange appropriate indemnity. The two routes of indemnity are:1. Commercial Insurance (Medical Indemnity) – Lloyd’s of London Insurer (via a Lloyd’s of London Insurance Broker).2. Medical Defence Organisation – The MDU, The MPS, The MDDUS. If you wish to learn more about your indemnity options and how to risk manage to prevent claims and complaints, visit us on Stand 66 at the Royal College of Psychiatrists, International Congress at the London Excel centre between the 1st – 4th July 2019, where our Managing Director, Dr Edwin Rajadurai will be at hand to answer your questions.

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Servca Group Ltd is a private limited company registered in England and Wales; Registered Number: 7727494; Registered Office: Dukes House, 32-38 Dukes Place, 5th Floor, London, EC3A 7LP, United Kingdom. Authorised and regulated by the Financial Conduct Authority. Servca European Insurance Brokers Ltd (a private limited company incorporated in Malta and enrolled to act as an insurance broker); Tower Business Centre, Level 3, Tower Street, Swatar, BKR, 4013, Republic of Malta. UK branch office is registered in England and Wales, authorised and regulated by the Financial Conduct Authority. Servca Canada Insurance Group Inc, a private limited company incorporated at 40 King Street West, Suite 2100, Toronto, M5H 3C2, Canada. Servca group of companies are owned and operated by Servca Group Holdings Ltd, a private limited company registered in England & Wales.

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Global Headquarters

Servca Group

Dukes House

32-38 Dukes Place

5th Floor

London, EC3A 7LP

United Kingdom


+44 (0) 207 2250000

info@servca.com


Broker at Lloyd’s SLM1389

European Office

Servca Europe

Dragonara Business Centre

Dragonara Road

5th Floor

St Julian’s, STJ 3141

Republic of Malta


+356 (20) 341690

eu@servca.com


Broker at Lloyd’s (Brussels) SLM1883

Canadian Office

Servca Canada Insurance Group Inc
40 King Street West
Suite 2100
Toronto
M5H 3C2
Canada


+1 (647) 846 5555

canada@servca.com


Non-regulated servicing company

Northern Ireland

Servca Northern Ireland
River House Belfast

48-60 High Street

Belfast

BT1 2BE



+44 (0) 2895582000

ni@servca.com


Broker at Lloyd’s SLM1389

© 2024 Servca


Servca Group Ltd is a private limited company registered in England and Wales; Registered Number: 7727494; Registered Office: Dukes House, 32-38 Dukes Place, 5th Floor, London, EC3A 7LP, United Kingdom. Authorised and regulated by the Financial Conduct Authority. Servca European Insurance Brokers Ltd (a private limited company incorporated in Malta and enrolled to act as an insurance broker); Tower Business Centre, Level 3, Tower Street, Swatar, BKR, 4013, Republic of Malta. UK branch office is registered in England and Wales, authorised and regulated by the Financial Conduct Authority. Servca Canada Insurance Group Inc, a private limited company incorporated at 40 King Street West, Suite 2100, Toronto, M5H 3C2, Canada. Servca group of companies are owned and operated by Servca Group Holdings Ltd, a private limited company registered in England & Wales.

Privacy Policy

Cookies

Global Headquarters

Servca Group

Dukes House

32-38 Dukes Place

5th Floor

London, EC3A 7LP

United Kingdom


+44 (0) 207 2250000

info@servca.com


Broker at Lloyd’s SLM1389

European Office

Servca Europe

Dragonara Business Centre

Dragonara Road

5th Floor

St Julian’s, STJ 3141

Republic of Malta


+356 (20) 341690

eu@servca.com


Broker at Lloyd’s (Brussels) SLM1883

Canadian Office

Servca Canada Insurance Group Inc
40 King Street West
Suite 2100
Toronto
M5H 3C2
Canada


+1 (647) 846 5555

canada@servca.com


Non-regulated servicing company

Northern Ireland

Servca Northern Ireland
River House Belfast

48-60 High Street

Belfast

BT1 2BE


+44 (0) 2895582000

ni@servca.com


Broker at Lloyd’s SLM1389

© 2024 Servca


Servca Group Ltd is a private limited company registered in England and Wales; Registered Number: 7727494; Registered Office: Dukes House, 32-38 Dukes Place, 5th Floor, London, EC3A 7LP, United Kingdom. Authorised and regulated by the Financial Conduct Authority. Servca European Insurance Brokers Ltd (a private limited company incorporated in Malta and enrolled to act as an insurance broker); Tower Business Centre, Level 3, Tower Street, Swatar, BKR, 4013, Republic of Malta. UK branch office is registered in England and Wales, authorised and regulated by the Financial Conduct Authority. Servca Canada Insurance Group Inc, a private limited company incorporated at 40 King Street West, Suite 2100, Toronto, M5H 3C2, Canada. Servca group of companies are owned and operated by Servca Group Holdings Ltd, a private limited company registered in England & Wales.

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Cookies