Patient's Compensation Fund

Indiana Department of Insurance January 12, 2023 Bulletin 267 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, 2023. 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 !AC 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, Hosoi ta! (Acute Care and Intensive Care) $1,028.00 Mental Health/Rehabilitation $514.00 Extended Care/Intermediate Care/Residential $52.00 Nursing Home/Critical Extended Care $514.00 Health Institution/ Assisted Living/Other $206.00 Exposure Rate Bassinets $1 ,028.00 Emergency Room (per 100 visits) $102.80 Clinics/Others (per 100 visits) $51.40 Mental Health/Rehabilitation (per 100 visits) $25.70 Health Institution (per 100 visits) $20.56 Home Health Care (oer 100 visits) $51.40 Births (per 100) $4,112.00 Outpatient Surgeries (per 100) $102.80 Inpatient Surgeries (per 100) $2,056.00 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 ofthe subtotal ofsurcharge due. Hospitals with more than 500 beds should continue to add a 3% multiplier to the subtotal ofsurcharge due. INDIANA DEPARTMENT OF INSURANCE 4 d Commissioner, Indiana Department ofInsurance 2