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 of the Department of Insurance in his capacity as administrator of the patient's compensation fund (PCF), hereby notifies physicians and hospitals of the following surcharge for qualification under the Act. The rates are effective for coverage beginning
July 1, 2018.
The overall effective surcharge for physicians will increase by 1.8% from the current rates. A complete list of physician 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 a new class to be added under
760 IAC 1-60 for neurology surgery.
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 | |
| | 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% 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: 04/04/2018 by Legislative Services Agency
DIN: 20180404-IR-760180167NRA
Composed: Apr 24,2024 11:41:54PM EDT
A
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