The report is based on more than 100 healthcare organizations representing more than 1,500 facilities.
Here are some of the report’s main takeaways:
• The projected loss rate for hospital professional liability is $3,030 per occupied bed equivalent for events occurring in 2013. That reflects liability costs relative to occupied beds. The frequency of claims is projected to be 1.93 percent per OBE, with severity of claims projected at $157,000 per claim.
• Projected loss rate for obstetrics is $193 per birth; surgery is $124 per inpatient surgery; emergency department is $7.04 per visit.
• Healthcare-acquired conditions, such as infections, injuries, medication errors, objects left in surgery and pressure ulcers, account for 29 percent of total hospital professional liability costs.
• Florida ($7,660), Pennsylvania ($5,150), New York ($4,080) and New Mexico ($4,050) have the highest projected loss rate for 2013.
• Indiana ($950), Minnesota and New Jersey ($1,100), and Texas ($1,660) have the lowest projected loss rate for 2013.
More Articles on Hospitals and Malpractice:
Why Don’t Some New York City Hospitals Have Malpractice Insurance?
Hospitals Referring Patients to Malpractice Attorneys: Conflict of Interest?
Study: Most Physicians Win Malpractice Suits Despite Lengthy Process
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