Medical Malpractice Cross Reference

Adjusted Base Rate - $3,831.06

• Faculty Physician - PHYS
• Non-Faculty Physician - NFP
• Fellow - FEL
• Miscellaneous Mid-Level Provider/Medical Staff - MISC
• Volunteer Faculty Physician - VFP
• Non-Employee Exception Sheet - NEES

*Please note: As of July 1, 2017 the special services category has been eliminated and individual physicians will be charged a minimum rate for their risk class at the request of the College of Medicine (COM).

• PHYSICIAN NAME - Self-explanatory
• SPECIALTY - Physicians, surgeons and other plan participants bear the most appropriate descriptions as provided by the practice plan departments
• EFFECTIVE DATE - Date enrolled in the current plan
• TERMINATION DATE - Date terminated on salary dec within the current policy period
• RATE CODE - Premium class in accordance with the Medical Liability Mutual Insurance Rating Classifications
• RELATIVITY - Premium rate related to the Rate Code and provided by the actuary

• PHYS = RELATIVITY *BASE RATE
  
• NFP   = RELATIVITY *BASE RATE *30%
• FEL    = BASE RATE *75%
• MISC  = RELATIVITY *BASE RATE

• PHYS = (Applied Base Rate* Clin effort percentage)/(365*No Days in Program)
  
• NFP   = [Applied Base Rate*(Clin effort percentage * 1.3)]/(365*No Days in program)

• MINIMUM AMOUNT = Base Rate * (0.05/365) * number of days in program
• APPLIED AMOUNT  = Greater of prorated amount or minimum amount
• NUMBER OF DAYS IN PROGRAM = Termination date minus effective date

NOTE: ALL PARTICIPANTS TERMINATED PRIOR TO THE END OF THE POLICY PERIOD WILL REMAIN ON THE DEPARTMENT’S ROSTER FOR THE ENTIRE YEAR. HOWEVER, THEIR BILLING IS PRORATED AND TOTAL PREMIUM CHARGES WILL REFLECT THE NUMBER OF DAYS IN THE PROGRAM, SUBJECT TO THE MINIMUM AMOUNT.  Revised 7/11/2023