I am a former general pediatrician (now in fellowship). I have done hundreds of sports physicals and I am very comfortable doing them. Frankly, the physical examination is almost useless (in terms of physical findings which would impact sports participation). For the PE, the most value is the BP and BMI. The really important part of it is the history. I have seen some pretty questionable sports participation forms. Some may fulfill the requirement of the athletic organization, but they certainly don't meet the standard of care. My father, an OB/GYN used to do physicals for my boy scout troop. In retrosepct, I am stunned at how little he actually did before signing the form. Of course that was a different time.
Here is a good link discussing physicals which has the new AAP form. If you are going to do the physicals, I would insist on using this form:
http://brightfutures.aap.org/pdfs/Physical Examination_1.pdf
Here are a few more thoughts from a general pediatrician who is also an attorney.
1) We think of physicals as easy, but are you really skilled enough to be doing it? You may be missing some subtleties that the general pediatrician is going to pick up (such as my dad doing scout physicals). Are you thinking about Turners in that short girl? What about Marfans in the tall boy with glasses. Are you doing genital examinations and tanner staging the kids?
2) For many kids, this is the only time that they see the doctor in a given year. By given him or her a 5 minute physical, are we missing the only opportunity to follow this kid for preventative health issues? Are you assessing how they are doing at school? At home? HEADS examination for the adolescents?
3) What do you do if there is a positive result? Just refuse to sign the form and tell them to follow-up with the PCP? Do you put in a cards consult for a history of syncope? What if they go to the doc-in-the-box and get the NP to sign the form after you refused? What about meds? Will you just sign off or require further follow-up? Is the child's asthma really controlled?
4) Does your malpractice even cover you in this environment? One earlier poster suggested that the athletic organization's insurance cover you, but this won't work. A typical organizational liability policy won't cover professional services and there isnt a written waiver in the world which will protect you from malpractice claims.
Specifically regarding the liability risk, I think there is a small but significant risk. Heart defects are uncommon, but not rare and we occasionally pick one up based on personal or family history. It only takes one missed HOCM to wipe you out financially. I just dont see a big upside, its really not good for the kids from a medical standpoint and its not good for you.
BTW, the AAP recommends against the traditional cattle call sports physicals. Instead, it recommends annual comprehensive physical examinations.
Ed