Program Authorization: R.S. 40:1299.44
The mission of the Administrative Program is to oversee the disbursement of funds from the Patient's Compensation Fund.
The goals of the Administrative program of the Patient's Compensation Fund Oversight Board are:
1. Remain financially sound and affordable while fairly compensating legitimate victims of medical malpractice, defending meritless or exaggerated claims, and setting reserves that accurately represent exposure.
2. Properly administer, defend, manage and operate the Patient's Compensation Fund.
The Administrative Program consists of one activity: Administrative.
OBJECTIVES AND PERFORMANCE INDICATORS
1. During FY 1998-99, the Administrative Program will investigate claims to evaluate the issues of liability and damages.
2. During FY 1998-99, the Administrative Program will work to obtain all necessary information and documentation, and monitor files on a timely basis.
RESOURCE ALLOCATION FOR THE PROGRAM
SOURCE OF FUNDING
This program is funded with Statutory Dedications from the Patient's Compensation Fund. This revenue is derived from surcharges paid by private health care providers enrolled in this program. (Per R.S. 39:32B. (8), see table below for a listing of expenditures out of each statutory dedicated fund.)
ANALYSIS OF RECOMMENDATION
The total means of financing for this program is recommended at 108.5% of the existing operating budget. It represents 88.3% of the total request ($1,504,950) for this program. The significant increases reflected in this recommendation include funding for acquisitions and an attrition rate adjustment.
ACQUISITIONS AND MAJOR REPAIRS
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