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ASHRM/Aon 2022-2023 Hospital and Physician Professional Liability Benchmark Report, Print Format
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Description
The 2022 Aon/ASHRM
Hospital and Physician Professional Liability Benchmark report marks the 23rd
year of publication of this annual study. This report is based on the data from
105 participating health care systems which collectively comprise 29% of the hospital
exposures in the country. Our report strives to
provide healthcare systems with a data-based tool for better estimating and
understanding their self-insured medical malpractice costs relative to those
for their peers.
Through measurement,
analysis, and comparison of the claim and exposure data, risk managers can
develop proactive strategies to reduce medical professional liability (MPL)
related claim frequency and/or severity and ultimately improve patient and
financial outcomes.
The current report
provides the findings of Aon’s actuarial analyses as well as insights on the
following topics:
- Trends in countrywide hospital
professional liability (HPL), physician professional liability (PPL), and
general liability (GL) benchmark frequency, severity and loss rates that
are based on the underlying database of 105 systems.
- Frequency, severity, and loss
rate forecasts for 2023. For the first time, a capping of $5M per
occurrence is used while estimating claim severity and loss rates.
- The impact of COVID-19 on
medical malpractice claims in 2020 and 2021.
- An analysis of surgery and
non-surgery claim costs.
- An assessment of the current
sexual abuse and molestation claims landscape including a discussion of
coverage and underwriting issues and solutions provided by Hangley
Aronchick Segal Pudlin & Schiller and TransRe.·
- The drivers of aberration verdicts and suggestions
on presenting reasonable settlement estimates at trials recommended by Hall
Booth Smith, P.C.
- Usage of alternate risk
transfer mechanisms, such as captives and claim cost comparisons of
captive and non-captive risks.
· Healthcare risk
management department characteristics, including number of Certified
Professionals in Health Care Risk Management (CPHRMS) and other risk management
professionals, captive usage, and days cash on hand.
· Benchmark statistics
for claim lags, cause of loss, hospital service lines, demographics, and types
of claim disposition.
· Benchmark metrics for
23 individual states that have sufficient data volume and credibility, including
territory breakouts for Florida, Illinois, and Pennsylvania.
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