There are approximately 25 regulated healthcare professionals and over 350 non-regulated healthcare practitioners. With the healthcare industry rapidly changing and expanding, professionals and practitioners need comprehensive insurance coverage that can account for the many complicated risks involved in this industry. This presents an amazing business opportunity to brokers interested in healthcare. Knowing the unique requirements and vulnerabilities for professionals in healthcare, both regulated professionals and non-regulated practitioners, is the first step to building a book of business in this growing market. Regulated Health Professionals vs. Non-Regulated Health Practitioners The expanding scope of practice amongst the regulated healthcare professionals is the biggest exposure to the market place from an insurance standpoint. As the government pushes care down into the community from the hospital, healthcare staff are getting more of the patient load and doing more and more of what the doctor did, therefore requiring more and specific coverage as time goes on. Regulated healthcare professionals consist of:
- Medical radiation technologists
- Lymphatic drainage
- Pilates just to name a few.