Patient's Compensation Fund

Indiana Department of Insurance March 29, 2018 Bulletin 242 PATIENT'S COMPENSATION FUND This bulletin is directed to all health care providers electing to be qualified under Indiana's Medical Malpractice Act (IC 34-18-1-1 et seq.) and to insurers that provide coverage to those health care providers. Surcharge Rates for Hospitals and Physicians Pursuant to IC 34-18-5-2, the Commissioner ofthe Department ofInsurance in his capacity as administrator ofthe PCP, hereby notifies physicians and hospitals of the following surcharge for qualification under the Act. The rates are effective for coverage beginning July 1, 2018. PHYSICIANS The overall effective surcharge for physicians will increase by 1.8% from the current rates. A complete list ofphysician specialty class codes is published at 760 IAC 1-60-3. CLASS ANNUAL RATE 0 $2,333.00 1 $3,332.00 2 $4,332.00 3 $5,665.00 4 $6,665.00 5 $9,164.00 6 $14,163.00 7 $19,995.00 8 $24,993.00 *9 $28,326.00 *Class 9 is new class to be added under Rule 60 for neurology surgery. HOSPITALS The surcharge for hospitals is shown below and represents an overall 9.9% increase from the current effective rates. The surcharge calculations must be completed with the online filing worksheet which can be accessed at http://www.in.gov/idoi/2607.htm. Beds, Hospital (Acute Care and Intensive Care) $1,228.00 Mental Health/Rehabilitation $ 614.00 Extended Care/Intermediate Care/Residential $ 62.00 Exposure Rate Nursing Home/Critical Extended Care $ 614.00 Health Institution/ Assisted Living/Other $ 245.00 Bassinets $1,228.00 Emergency Room (per 100 visits) $ 122.80 Clinics/Others (per 100 visits) $ 61.40 Mental Health/Rehabilitation (per 100 visits) $ 30.70 Health Institution (per 100 visits) $ 24.56 Home Health Care (per 100 visits) $ 61.40 Births (per 100) $4,912.00 Outpatient Surgeries (per 100) $ 122.80 Inpatient Surgeries (per 100) $2,456.00 Physicians employed by hospitals continue to pay 100% ofthe appropriate surcharge for the physician's specialty class. Hospitals lacking a risk management program continue to receive a 10% penalty of the subtotal ofsurcharge due. Hospitals with more than 500 beds should continue to add a 3% multiplier to the subtotal of surcharge due. Stephe W. Robertson Insurance Commissioner 2