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DEPARTMENT OF INSURANCE

February 7, 2013
Bulletin 196
Patient's Compensation Fund – Surcharge Rates for Hospitals and Physicians


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.

In December 2012, the Patient's Compensation Fund (PCF) converted to an electronic system for filing proof of financial responsibility and paying surcharge to the PCF. Therefore, Bulletins 148 and 119, which both require use of a paper PCF Certificate of Insurance, are withdrawn.

Furthermore, pursuant to IC 34-18-5-2, the Commissioner of the Department of Insurance in his capacity as administrator of the PCF hereby notifies physicians and hospitals of the following surcharge for qualification under the Medical Malpractice Act. The rates are effective for coverage beginning April 1, 2013.

PHYSICIANS

The surcharge for physicians will increase by 2.5% from the rates effective March 1, 2012, through March 31, 2013. A complete list of physician specialty class codes is published at 760 IAC 1-60-3.
CLASS  ANNUAL RATE 
$1,828 
$2,437 
$3,412 
$4,387 
$5,483 
$7,311 
$10,967 
$17,059 
$20,715 

HOSPITALS

The surcharge for hospitals are shown below and represent an overall 5.8% increase from the rates effective March 1, 2012, through March 31, 2013. 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)  $623 
Mental Health/Rehabilitation  $312 
Extended Care/Intermediate Care/Residential  $31 
Nursing Home/Critical Extended Care  $312 
Health Institution/Assisted Living/Other  $125 
Bassinets  $623 
Emergency Room (per 100 visits)  $62.30 
Clinics/Others (per 100 visits)  $31.15 
Mental Health/Rehabilitation (per 100 visits)  $15.58 
Health Institution (per 100 visits)  $12.46 
Home Health Care (per 100 visits)  $31.15 
Births (per 100)  $2,492 
Outpatient Surgeries (per 100)  $62.30 
Inpatient Surgeries (per 100)  $1,246 

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% penalty 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
____________________________________________
Stephen W. Robertson,
Insurance Commissioner

Posted: 02/13/2013 by Legislative Services Agency

DIN: 20130213-IR-760130045NRA
Composed: Aug 29,2014 8:19:00AM EDT
A PDF version of this document.