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2014 Medical Malpractice Payout Analysis

Diederich Healthcare | presents 2014 MEDICAL MALPRACTICE PAYOUT AN A L YSIS ANALYSIS. OVER THAT'S A $168 4.7% OF MEDICAL MALPRACTICE PAYOUT AMOUNTS FROM 2 0 0 1 - 2 0 1 3 MILLION MORE THAN 2012 INCREASE IN TOTAL $ PAID OUT $5 BN 2013 MARKS THE FIRST TIME SINCE 2003 THAT THERE WAS AN INCREASE IN TOTAL PAYOUT AMOUNTS $4.5 BN 2013 $4 BN $3.5 BN $3,733,678,100 TOTAL PAYOUT AMOUNTS $3 BN 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 TOTAL TOTAL NUMBER OF PAYOUTS 12,000 PAYOUT AMOUNTS 16,000 HAVEN'T BEEN THIS HIGH SINCE 2009 2013 ALSO SAW AN INCREASE IN TOTAL NUMBER OF PAYOUTS 20,000 BYSTATE. TOTAL PAYOUT AMOUNTS BY THE MILLION $300+ 100-$300 $80-$100 $60-$80 $40-$60 $20-$40 $0-$20 LARGEST CHANGES IN PAYOUT AMOUNTS 20 1 2 - 20 1 3 $51 FRO M $43 $41 $26 38 STATES (76%) HAD MORE $ PAID OUT THAN THEY DID IN 2012 $16 VA MD PA NJ CA NY IL MA FL MS DESPITE THE NATIONWIDE INCREASE OF $168 MILLION, -$4 -$3 -$7 NEW YORK HAD A DECREASE IN PAYOUT AMOUNTS OF OVER $73 - $28 $ AMOUNTS IN MILLION MILLIONS -$73 TOP 10 STATES ND $2.96 PER CAPITA. TX $3.02 IN MED-MAL PAYOUTS NY WI $38.83 $3.07 PA MS 824.76 $4.15 NJ IN $23.24 $4.18 MA 4,36 VT $22.37 CT NC 820.98 $4.51 DC NV $19.31 $4.85 MD SD $19.27 $4.88 RI AL $17.40 $5.18 NH BOTTOM 10 STATES $16.99 $PER CAPITA. IL $15.64 IN MED-MAL PAYOUTS O$ SETTLED SETTLEMENTS VS. JUDGMENTS The average payout amount for cases that went to judgement in 2013 were DÓWN by over $200,000 However, the percentage of payout amounts that were decided by judgment were 5% in 2012 and 3% in 2013 96 6% 11% 38% 45% npatient Outpatient Both TOTAL PAYOUT AMOUNTS BY PATIENT ΤΥΡΕ Unknown BREAKDOWN OF PAYOUT $ By MALPRACTICE ALLEGATION 20 1 3 23% 18% 10% 05% Surgery Treatment Obstetrics Medication 33% 05% 04% 02% 01% -%- Diagnosis Anesthesia Monitoring Equipment Other *PERCENTAGES ROUNDED BROUGHT TO YOU BY: REFERENCES & NOTES "National Practitioner Data Bank Public Use Data File" September 1, 1990-December 31, 2013 U.S. Department of Health and Human Services DIEDERICH Figures used for the 'per capita' statistics are based on July 2013 population estimates from the U.S. Census Bureau • HEALTHCARE · www.diederichhealthcare.com Data was manipulated to allow for the most insightful look into the state of medical malpractice payouts. f facebook.com/diederichhealthcare y twitter.com/diederichhe 2 info@diederichgroup.com î 800.457.7790 To use this infographic or it's data for any purpose or to embed the graphic on another site, include proper credit and link to the original piece on the Diederich Healtheare site. DIEDERICH HEALTHCARE IS A DIVISION OF DIEDERICH INSURANCE AC GENCY, LLC Largest decrease in payout amount Largest increase in payout amount

2014 Medical Malpractice Payout Analysis

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Analyzes the data provided by the National Practitioner Data Bank to create interesting visual statistics for medical providers.

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