Table 3. Malpractice Premiums.
1 Malpractice Premium as a Percentage of Gross Annual Revenue | |
>60% | 1.2% |
50–59% | 1.6% |
40–49% | 3.2% |
30–39% | 6.7% |
20–29% | 16.6% |
10–19% | 39.8% |
<10% | 30.6% |
2 Changes to Liability Premiums over the Past Three Years | |
Increased >25% | 8.8% |
Increased >10% | 21.7% |
No significant change | 38.3% |
Decreased >10% | 7.7% |
Decreased >25% | 1.1% |
Not known | 22.0% |
3 Over the Past Three Years, Average Reimbursement/CPT Code Change | |
Increased >25% | 2.1% |
Increased >10% | 1.0% |
No significant change | 13.7% |
Decreased >10% | 55.8% |
Decreased >25% | 14.3% |
Not known | 14.8% |
4 Number of Claims Against Survey Respondents in Past Three Years | |
Zero | 60.7% |
1–2 | 34.0% |
3–4 | 3.7% |
5–6 | 0.8% |
7–8 | 0.2% |
9–12 | 0.0% |
13–15 | 0.2% |
>15 | 0.2% |
5 Number of Settlements Made Against Respondents over their Lifetime | |
1–3 | 36.5% |
4–7 | 4.5% |
>7 | 0.4% |
None | 58.0% |