Legal fees $82,367.3 25 $20,738.9 23 -3.5 .0004 & expenses ($124,439) ($35,224.6) per claim ($)2 Settlement $455,263 25 $277,513 23 -2.4 .01 amount per ($442,515) ($577,079) claim ($)2 Total $537,630 25 $298,252 23 -2.8 .005 Liability ($504,544) ($599,847) Cost per claim2 Time to 4.0 25 2.4 23 -4.0 <.0001 Closure (1.3) (1.3) (years) Mean (S.D.) Years Mean (S.D.) Years U Test fund ($)2 Total $27,911,318 7 $37,953,061 9 -1.8 .07 funding ($9,375,609) ($6,826,901) needed Trust -14,637,045 7 -7,282,020 9 -0.21 .83 fund (17,151,734) (27,546,299) balance 1Quarterly, per 100,000 patient encounters. 2All dollar amounts are inflation-adjusted to 2013 dollars using the consumer price index.
Legal fees & expenses per claim ($)2 $82,367.3 ($124,439) 25 $20,738.9 ($35,224.6) 23 -3.5 .0004 Settlement amount per claim ($)2 $455,263 ($442,515) 25 $277,513 ($577,079) 23 -2.4 .01 Total Liability Cost per claim2 $537,630 ($504,544) 25 $298,252 ($599,847) 23 -2.8 .005 Time to Closure (years) 4.0 (1.3) 25 2.4 (1.3) 23 -4.0 <.0001 fund ($)2 Mean (S.D.) Years Mean (S.D.) Years U Test Total funding needed $27,911,318 ($9,375,609) 7 $37,953,061 ($6,826,901) 9 -1.8 .07 Trust fund balance -14,637,045 (17,151,734) 7 -7,282,020 (27,546,299) 9 -0.21 .83 1Quarterly, per 100,000 patient encounters. 2All dollar amounts are inflation-adjusted to 2013 dollars using the consumer price index.
Effect%20of%20Seven%20Pillars%20Program%20on%20Liability%20Outcomes%20REVISED%202016_06_19-2.1.docx