A recent Business Insurance article, “Large med mal verdicts drive hospital liability up: Report,” states that self-insured hospital professional liability claims remain stable overall, but the frequency and severity of large excess claims continues to increase amid a rising number of large medical malpractice verdicts.
According to the report referenced in their article (Aon PLC and the American Society for Health Care Risk Management):
Issues related to labor and delivery, with an average total cost of over $450,000, continue to be significantly more severe than claims related to other allegations, the report said.
Claim severity for obstetrics claims is “extremely high” and approximately 50% higher than the overall average hospital professional liability severity, the report said.
To read the full article, visit Business Insurance by clicking here.
To see how MedStar Health has been successful in reducing its medical malpractice liability in OB – read “The elephant in the strategic management room: Medical malpractice liability.”