LTC Liability Costs Anticipated To Increase 5% In 2015

According to a recent analysis, long term care providers should prepare for higher liability costs, which are expected to increase by 5% in 2015. In 2015, the projected loss rate is $2,030 per occupied bed, up from $1,940 this year. However, the report authors say that liability expenses may differ significantly from state to state. Kentucky, West Virginia and Florida are among the costliest states for providers due to their high liability costs, and Texas has one of the lowest liability costs of the states profiled in the report. The analysis is based on about 13,700 claims from 34 providers, representing 17% of long term care beds nationally.

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One thought on “LTC Liability Costs Anticipated To Increase 5% In 2015

  1. Pingback: Monday Morning Recap | hmsabc

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