Page 7 - Anatomy of a Medical Malpractice Lawsuit
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SVMIC Anatomy of a Medical Malpractice Lawsuit



                   Introduction


                   The mere thought of a malpractice claim or lawsuit is enough

                   to make most physicians uneasy. After foregoing the less
                   arduous path taken by most of their high school and college

                   classmates, devoting years to advanced study and
                   specialization, possibly incurring enormous medical student

                   loan debt, helping hundreds, if not thousands of patients, this is

                   the reward? SVMIC claims data indicates that physicians who
                   practice 30 years or more have an 80 percent or greater

                   chance of facing a claim or lawsuit. For some higher risk

                   specialties, the chances are 100 percent. The bottom line is
                   that if you practice medicine long enough, you will most likely

                   be involved in a malpractice claim or lawsuit.



                   On average, physicians spend nearly 11 percent of their 40-year
                   careers with an open, unresolved malpractice claim according

                   to a study published by the Rand Corporation.  The study
                                                                                  1
                   analyzed data from nearly 41,000 physicians and found that the

                   average physician spends 50.7 months – or almost 11 percent -
                   of an assumed forty-year career defending a malpractice

                   claim.  Although most physicians are concerned about the
                           2
                   amount of potential damages that might be paid out, the often
                   more distressing factor is the amount of time these claims and

                   lawsuits take to be adjudicated. Unfortunately, there is no

                   “STAT” system in place in the courts. Sometimes pre-suit
                   claims can be resolved relatively quickly, but once a lawsuit is

                   filed, it will typically move through the courts at a snail’s pace.




                   1  https://www.rand.org/pubs/external_publications/EP51278.html
                   2  Id.


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