The Indiana Patient’s Compensation Fund (PCF) is mandated by the Indiana Medical Malpractice Act, and it’s a good thing too. The PCF is a pool of money collected and controlled by the Indiana Department of Insurance, and it exists for two essential, useful purposes: 1) to hold down healthcare providers’ expenses for medical malpractice insurance when they opt into the PCF surcharge for its additional coverage, and 2) to provide fair compensation to patients injured by medical negligence, when the awarded amount exceeds the maximum payable by a healthcare professional’s insurer.
If you’re injured or a family member has died due to an instance of medical malpractice, it pays to know about the Indiana Patient’s Compensation Fund; the PCF may be a major source of your monetary award. Therefore, it is crucial that you hire a team of experienced Indiana attorneys whose law practice specializes in successfully navigating the intricacies of the Indiana Medical Malpractice Act and has done so since 1980: Montross Miller LLP, attorneys-at-law in Indianapolis, IN.
Don’t go before any insurance company, medical review panel, judge, jury, or the board of the Indiana Patient’s Compensation Fund without Montross Miller by your side. The highly qualified, vastly experienced lawyers on staff at Montross Miller can put together the best possible case to justify the maximum reasonable compensation requested on our client’s behalf to compensate them for damages, losses and undue anguish as a result of negligence – that is, medical malpractice.
Medical malpractice is defined as errors or omissions made by healthcare providers (doctor, nurse, technician, dentist, orthodontist, pharmacist, pharmacy, nursing home, elder-care facility, hospital, etc.) during diagnosis, treatment or aftercare that constitute negligence and directly cause harm, injury, or death to the patient. In such cases, the law allows for remuneration payable to the patient or their legal heirs. How much is paid depends upon various factors, including medical bills incurred, wages or salary lost, diminished livelihood, negatively affected daily life, inability to self-care, and the extra physical and/or psychological pain induced by the healthcare provider’s negligent acts, mistakes or missteps.
Healthcare professionals and institutions are required to maintain adequate medical malpractice insurance, and can supplement it by paying into the Indiana Patient’s Compensation Fund. These conditions are not a commentary on the competence of Indiana’s doctors and hospitals; rather, the Indiana PCF is smart insurance protecting both providers and patients. According to Indiana law (as of July 1, 2019), when a medical malpractice claim is litigated in the injured patient’s favor and a financial settlement is reached, the healthcare provider and their insurance carrier is liable for the first $500,000, while the PCF will pay up to $1,300,000 beyond that sum.
Get the most straightforward, fact-based answers available about your medical malpractice claim. Call our Indianapolis law offices at 317-574-4500 (in Indy) and 888-599-2640 (throughout the Hoosier State and the Great Midwest) to request a FREE initial consultation about the details of your potential case. Talk with the accomplished medical malpractice firm of Montross Miller LLP about the Indiana Patient’s Compensation Fund (PCF).
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Indianapolis, IN 46240