Patient's Compensation Fund

Indiana Department of Insurance February 22, 2022 Bulletin 263 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 of the Department oflnsurance in her capacity as administrator of the Patient's Compensation Fund, hereby notifies physicians and hospitals of the following surcharge for qualification under the Act. The rates are effective for coverage beginning July 1, 2022. PHYSICIANS The overall effective surcharge for physicians will not change from the current rates. A complete list ofphysician specialty class codes is published at 760 IAC 1-60-3. CLASS ANNUAL RATE 0 $2,045 1 $2,921 2 $3,797 3 $4,966 4 $5,845 5 $8,033 6 $12,415 7 $17,526 8 $21,907 9 $24,828 HOSPITALS The surcharge for hospitals is shown below and represents no change 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, Hosnital (Acute Care and Intensive Care) Mental Health/Rehabilitation Extended Care/Intermediate Care/Residential NursinQ Home/Critical Extended Care Health Institution/ Assisted LivinQ/Other $1,028.00 $514.00 $52.00 $514.00 $206.00 Exposure Rate Bassinets $1,028.00 Emergency Room (oer 100 visits) $102.80 Clinics/Others (per 100 visits) $51.40 Mental Health/Rehabilitation (per 100 visits) $25.70 Health Institution foer 100 visits) $20.56 Home Health Care foer 100 visits) $51.40 Births (oer 100) $4,112.00 Outpatient Surgeries (oer 100) $102.80 Inpatient Surgeries (per 100) $2,056.00 Physicians employed by hospitals continue to pay 100% of the appropriate surcharge for the physician's specialty class. Hospitals lacking a risk management program continue to receive a 10% penally of the subtotal of surcharge due. Hospitals with more than 500 beds should continue to add a 3% multiplier to the subtotal of surcharge due. INDIANA DEPARTMENT OF INSURANCE ,4.rru, CJ~ AmyL. Be ·d Commissioner, Indiana Department of Insurance 2