Quarter of claims linked to 5 HACs
These are some highlights of the 12th annual Hospital and Physician Professional Liability Benchmark Analysis from Aon Global Risk Consulting and the American Society for Healthcare Risk Management:
For the upcoming 2012 accident year, the study's authors project that hospitals will experience an annual loss rate of $3,540 per occupied bed equivalent, and $6,750 per Class 1 employed physician for professional liability events.
Indemnity and expense payments on suits and trials are significantly higher than non-suited claims. Forty-six percent of non-zero closed claims involve a lawsuit, and 17% of lawsuits go to trial. Hospitals pay no indemnity amounts on about half of all lawsuits, including trials.
One out of every four claims and a quarter of hospital professional liability costs are associated with five healthcare-acquired conditions (HACs): healthcare-acquired infections, healthcare-acquired injuries, medication errors, objects left after surgery, and pressure ulcers.
These are some highlights of the 12th annual Hospital and Physician Professional Liability Benchmark Analysis from Aon Global Risk Consulting and the American Society for Healthcare Risk Management:You have reached your article limit for the month. Subscribe now to access this article plus other member-only content.
- Award-winning Medical Content
- Latest Advances & Development in Medicine
- Unbiased Content