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Patient's Compensation Fund Oversight Board, LA

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Wed Jul 15, 2026

Patient's Compensation Fund Oversight Board

PCF Oversight Board to review 2026 financial and claims reports

The Patient's Compensation Fund Oversight Board will hold its regular meeting to discuss financial and claims reports, including the annual actuary report and monthly budget updates. The board will also review minutes from its June 4, 2026 meeting and hear public comments.

healthcareinsurancefinancepublic-commentsactuary-report
📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
AGENDA TO: Board Members and Interested Parties FROM: Ken Schnauder, Executive Director RE: PCF Oversight Board Meeting DATE: July 15, 2026 TIME: 6:30 p.m. PLACE: Our Lady of the Lake Regional Medical Center Heroman Board Room 5000 Hennessey Blvd Baton Rouge, LA GENERAL SESSION: 1. Call to Order 2. Introduction of Guests 3. Public Comments 4. Approval of June 4, 2026, Minutes 5. Annual Actuary Report-Jim Hurley, Jeff Van Kley - Willis Towers Watson 6. Monthly Financial and Budget Reports 7. Claims Report EXECUTIVE SESSION: (for discussion of litigation involving the PCFOB) 1. Litigation and Claims Committee Reports 2. Adjournment
Thu Jun 4, 2026

Patient's Compensation Fund Oversight Board

PCF Oversight Board to elect officers and review investments on June 4

The Patient’s Compensation Fund Oversight Board will hold its June 4, 2026 meeting at Our Lady of the Lake Regional Medical Center in Baton Rouge. Members will approve minutes, elect officers, receive an investment update from Mariner Institutional, LLC, and review monthly financial, budget, and claims reports.

patient-compensation-fundoversight-boardinvestmentsfinancial-reportsboard-elections
✓ Decided: Board approves 14% salary increase for unclassified employee

The Board approved a 14% salary increase for Mr. Ken Schnauder following a compensation committee review. The Board also re-appointed its officers and approved 16 claim settlements totaling $12,284,000.

📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
Patient’s Compensation Fund State of Louisiana Division of Administration Jeff Landry Governor Phone: (225) 342-5000 Fax: (225) 342- 5318 PCF Oversight Board Office of Executive Director P.O. Box 3718 Baton Rouge, LA 70821 [email protected] Disability Accommodations may be requested from Ms. Sonja Connerly at [email protected] or 225-342-5684 AGENDA TO: Board Members and Interested Parties FROM: Ken Schnauder, Executive Director RE: PCF Oversight Board Meeting DATE: June 4, 2026 TIME: 6:30 p.m. PLACE: Our Lady of the Lake Regional Medical Center Heroman Board Room 5000 Hennessey Blvd Baton Rouge, LA GENERAL SESSION: 1. Call to Order 2. Introduction of Guests 3. Public Comments 4. Approval of May 7, 2026, Minutes 5. Annual Election of Board Officers 6. Investment Update – Jake Meese – Mariner Institutional, LLC 7. Monthly Financial and Budget Reports 8. Claims Report EXECUTIVE SESSION: (for discussion of litigation involving the PCFOB) 1. Litigation and Claims Committee Reports 2. Adjournment
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
JUNE MINUTES PCF OVERSIGHT BOARD June 4, 2026 Our Lady of the Lake Regional Medical Center Heroman Boardroom, First Floor 5000 Hennessey Blvd. Baton Rouge, LA Mr. Marcus Naquin, Chairman, convened the meeting of the Patient’s Compensation Fund Oversight Board at 6:30 PM on Thursday June 4, 2026 The following Board members were in attendance: Mr. Marcus Naquin, Chairman Mr. Robert Ruel Mr. John Derenbecker Mr. Greg Waddell Dr. R. Reece Newsome Dr. Luis Alvarado Dr. David Broussard Ms. Tracy Bordelon Absent: Dr. Christopher Foret Others present: Mr. Ken Schnauder Mr. Kurt Loup Ms. Stephanie Laborde Ms. Barbara Woodard Mr. Nathan Strebeck Ms. Alicia Reynolds Ms. Holly Descant Mr. Naquin called the meeting to order and asked that the record reflect 8 Board members were in attendance, and a quorum was present. He then welcomed the guests to the meeting and asked for all present to be introduced. Before proceeding with the scheduled agenda, Mr. Naquin informed everyone the Compensation Committee, composed of Dr. Newsome, Mr. Derenbecker and Mr. Ruel had just met earlier that afternoon at 2:30 pm. He requested a motion to amend the agenda to include a discussion of the committee’s findings. Mr. Derenbecker moved to amend the meeting agenda to include the compensation for unclassified employees discussion, Mr. Ruel seconded the motion. A roll call vote was called; Mr. Ruel, Dr. Broussard, Mr. Waddell, Ms. Bordelon, Dr. Newsome, Mr. Derenbecker, Dr. Alvarado, and Mr. Naqu …
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Thu May 7, 2026

Patient's Compensation Fund Oversight Board

Patient's Compensation Fund Oversight Board to review financial and claims reports

The Board will meet to approve previous minutes and review monthly financial, budget, and claims reports. An executive session is scheduled to discuss litigation involving the PCFOB.

financelitigationclaimsbudget
✓ Decided: Board increases 2025-2026 fiscal year claims budget to $200 million

The Board unanimously approved increasing the claims budget for the current fiscal year to $200,000,000. The Board also approved 35 claims for settlement totaling $16,298,500 and adopted the April 2, 2026 minutes.

📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
Patient’s Compensation Fund State of Louisiana Division of Administration Jeff Landry Governor Phone: (225) 342-5000 Fax: (225) 342- 5318 PCF Oversight Board Office of Executive Director P.O. Box 3718 Baton Rouge, LA 70821 [email protected] Disability Accommodations may be requested from Ms. Sonja Connerly at [email protected] or 225-342-5684 AGENDA TO: Board Members and Interested Parties FROM: Ken Schnauder, Executive Director RE: PCF Oversight Board Meeting DATE: May 7, 2026 TIME: 6:30 p.m. PLACE: Our Lady of the Lake Regional Medical Center Auditorium B - First Floor - Across from Cafeteria 5000 Hennessey Blvd Baton Rouge, LA GENERAL SESSION: 1. Call to Order 2. Introduction of Guests 3. Public Comments 4. Approval of April 2, 2026, Minutes 5. Monthly Financial and Budget Reports 6. Claims Report EXECUTIVE SESSION: (for discussion of litigation involving the PCFOB) 1. Litigation and Claims Committee Reports 2. Adjournment
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
MAY MINUTES PCF OVERSIGHT BOARD May 7, 2026 Our Lady of the Lake Regional Medical Center Auditorium B, First Floor 5000 Hennessey Blvd. Baton Rouge, LA Mr. Marcus Naquin, Chairman, convened the meeting of the Patient’s Compensation Fund Oversight Board at 6:30 PM on Thursday May 7, 2026 The following Board members were in attendance: Mr. Marcus Naquin, Chairman Mr. Robert Ruel Mr. John Derenbecker Mr. Greg Waddell Dr. R. Reece Newsome Dr. Luis Alvarado Dr. David Broussard Absent: Ms. Tracy Bordelon Dr. Christopher Foret Others present: Mr. Ken Schnauder Mr. Kurt Loup Ms. Stephanie Laborde Ms. Barbara Woodard Mr. Nathan Strebeck Ms. Alicia Reynolds Mr. Jeff Williams Mr. Naquin called the meeting to order and asked that the record reflect 7 Board members were in attendance, and a quorum was present. He then welcomed the guests to the meeting and asked for all present to be introduced. Mr. Naquin called for approval of the April 2, 2026 minutes. Dr. Newsome moved for the minutes to be adopted, and Dr. Alvarado seconded the motion. By verbal vote, the minutes were adopted with no dissenting votes. Mr. Naquin called for the monthly financial report. Ms. Woodard informed the Board the Fund balance was approximately $1,480,251,104, the total net collected in surcharge payments to date was approximately $145,523,539, and the total net filing fees collected to date were $226,300. She advised the investment income as of March 31, 2026 was $60,612,642, the total operati …
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Thu Apr 2, 2026

Patient's Compensation Fund Oversight Board

Board to discuss and approve administrative contracts for Fiscal Year 2026-2027

The Patient's Compensation Fund Oversight Board will meet to review financial and claims reports. The body is scheduled to discuss and approve administrative contracts for the 2026-2027 fiscal year. An executive session will be held to discuss litigation and claims committee reports.

contractsbudgetlitigationhealthcareclaims
✓ Decided: Board approves 6 administrative contracts and $9.575M in claim settlements

The Patient's Compensation Fund Oversight Board approved six administrative contract renewals for the 2026-2027 fiscal year. The Board also approved 25 claim settlements totaling $9,575,000 following an executive session. March 5, 2026 minutes were adopted.

📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
AGENDA TO: Board Members and Interested Parties FROM: Ken Schnauder, Executive Director RE: PCF Oversight Board Meeting DATE: April 2, 2026 TIME: 6:30 p.m. PLACE: Our Lady of the Lake Regional Medical Center Heroman Boardroom 5000 Hennessey Blvd Baton Rouge, LA GENERAL SESSION: 1. Call to Order 2. Introduction of Guests 3. Public Comments 4. Approval of March 5, 2026, Minutes 5. Discussion and Approval of Administrative Contracts Fiscal Year 2026-2027 6. Monthly Financial and Budget Reports 7. Claims Report EXECUTIVE SESSION: (for discussion of litigation involving the PCFOB) 1. Litigation and Claims Committee Reports 2. Adjournment
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
APRIL MINUTES PCF OVERSIGHT BOARD April 2, 2026 Our Lady of the Lake Regional Medical Center Heroman Boardroom, First Floor 5000 Hennessey Blvd. Baton Rouge, LA Mr. Marcus Naquin, Chairman, convened the meeting of the Patient’s Compensation Fund Oversight Board at 6:30 PM on Thursday April 2, 2026 The following Board members were in attendance: Mr. Marcus Naquin, Chairman Dr. Christopher Foret Mr. John Derenbecker Mr. Greg Waddell Dr. R. Reece Newsome Dr. Luis Alvarado Absent: Dr. David Broussard Ms. Tracy Bordelon Mr. Robert Ruel Others present: Mr. Ken Schnauder Mr. Kurt Loup Ms. Stephanie Laborde Ms. Barbara Woodard Mr. Nathan Strebeck Ms. Alicia Reynolds Mr. Naquin called the meeting to order and asked that the record reflect 6 Board members were in attendance, and a quorum was present. He then welcomed Mr. Strebeck to the meeting and asked for all present to be introduced. Mr. Naquin called for approval of the March 5, 2026 minutes. Dr. Foret moved for the minutes to be adopted, and Dr. Alvarado seconded the motion. By verbal vote, the minutes were adopted with no dissenting votes. Mr. Naquin called for a review of the administrative contracts requiring approval for the 2026- 2027 fiscal year. Mr. Schnauder presented 6 contracts to be renewed effective July 1, 2026: Medicare Reporting, LLP (formally ExamWorks), JPI, Hannis T. Bourgeois, CPA, Willis Towers Watson, Rowe & Manning, and LaFleur & Laborde. After a brief discussion, …
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Thu Mar 5, 2026

Patient's Compensation Fund Oversight Board

Patient's Compensation Fund Oversight Board to review monthly financial and claims reports

The Patient's Compensation Fund Oversight Board will meet to discuss routine financial and claims reports, an investment update, and public comments. The board will also approve minutes from the previous meeting and enter an executive session to discuss litigation.

patient-compensation-fundfinancial-reportclaims-reportinvestment-updatelitigation
✓ Decided: Board approves $7.21M in claim settlements and shifts small cap investment funds

The Patient's Compensation Fund Oversight Board approved 21 claim settlements totaling $7.21 million. The Board also voted to move funds from the Vanguard S & P 600 Small Cap Index to Vanguard Strategic Equity. Financial reports indicated a Fund balance of approximately $1,482,138,757.

📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
AGENDA TO: Board Members and Interested Parties FROM: Ken Schnauder, Executive Director RE: PCF Oversight Board Meeting DATE: March 5, 2026 TIME: 6:30 p.m. PLACE: Our Lady of the Lake Regional Medical Center Heroman Boardroom 5000 Hennessey Blvd Baton Rouge, LA GENERAL SESSION: 1. Call to Order 2. Introduction of Guests 3. Public Comments 4. Approval of February 5, 2026, Minutes 5. Investment Update-Jake Meese-Mariner Institutional 6. Monthly Financial and Budget Reports 7. Claims Report EXECUTIVE SESSION: (for discussion of litigation involving the PCFOB) 1. Litigation and Claims Committee Reports 2. Adjournment
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
1 MARCH MINUTES PCF OVERSIGHT BOARD March 5, 2026 Our Lady of the Lake Regional Medical Center Heroman Boardroom, First Floor 5000 Hennessey Blvd. Baton Rouge, LA Mr. Marcus Naquin, Chairman, convened the meeting of the Patient’s Compensation Fund Oversight Board at 6:30 PM on Thursday March 5, 2026 The following Board members were in attendance: Mr. Marcus Naquin, Chairman Ms. Tracy Bordelon Mr. John Derenbecker Mr. Greg Waddell Dr. David Broussard Dr. R. Reece Newsome Mr. Robert Ruel Dr. Luis Alvarado Absent: Dr. Christopher Foret Others present: Mr. Ken Schnauder Mr. Kurt Loup Ms. Stephanie Laborde Ms. Barbara Woodard Ms. Alicia Reynolds Ms. Holly Descant Ms. Lauren Bailey Mr. Jake Meese Mr. Naquin called the meeting to order and asked that the record reflect 8 Board members were in attendance, and a quorum was present. He then welcomed the guests to the meeting and asked for all present to be introduced. Mr. Naquin called for approval of the February 5, 2026 minutes. Dr. Broussard moved for the minutes to be adopted, and Ms. Bordelon seconded the motion. By verbal vote, the minutes were adopted with no dissenting votes. Mr. Naquin called for the quarterly investment report presented by Mr. Jake Meese of Mariner Institutional. Mr. Meese advised the Board the PCF portfolio returned 1.60% for the quarter and 9.07% over the past 12-month period. Mr. Meese then shared an in-depth presentation of the active managers currently han …
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Thu Feb 5, 2026

Patient's Compensation Fund Oversight Board

Routine monthly meeting of Louisiana’s Patient’s Compensation Fund Oversight Board

The board will convene its regular session at Our Lady of the Lake Regional Medical Center to receive monthly financial and budget reports, review the claims report, and approve minutes from the January 8, 2026 meeting. No substantive decisions are listed on the agenda.

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✓ Decided: Board approves $16.4M in medical claims settlements

The Patient's Compensation Fund Oversight Board approved 25 claims for settlement totaling $16,405,000. The Board also adopted the minutes from the January 8, 2026 meeting.

📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
Patient’s Compensation Fund State of Louisiana Division of Administration Jeff Landry Governor Phone: (225) 342-5000 Fax: (225) 342- 5318 PCF Oversight Board Office of Executive Director P.O. Box 3718 Baton Rouge, LA 70821 [email protected] Disability Accommodations may be requested from Ms. Sonja Connerly at [email protected] or 225-342-5684 AGENDA TO: Board Members and Interested Parties FROM: Ken Schnauder, Executive Director RE: PCF Oversight Board Meeting DATE: February 5, 2026 TIME: 6:30 p.m. PLACE: Our Lady of the Lake Regional Medical Center Heroman Boardroom 5000 Hennessey Blvd Baton Rouge, LA GENERAL SESSION: 1. Call to Order 2. Introduction of Guests 3. Public Comments 4. Approval of January 8, 2026, Minutes 5. Monthly Financial and Budget Reports 6. Claims Report EXECUTIVE SESSION: (for discussion of litigation involving the PCFOB) 1. Litigation and Claims Committee Reports 2. Adjournment
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
1 FEBRUARY MINUTES PCF OVERSIGHT BOARD February 5, 2026 Our Lady of the Lake Regional Medical Center Heroman Boardroom, First Floor 5000 Hennessey Blvd. Baton Rouge, LA Mr. Marcus Naquin, Chairman, convened the meeting of the Patient’s Compensation Fund Oversight Board at 6:30 PM on Thursday February 5, 2026 The following Board members were in attendance: Mr. Marcus Naquin, Chairman Ms. Tracy Bordelon Mr. John Derenbecker Mr. Greg Waddell Dr. David Broussard Dr. Christopher Foret Mr. Robert Ruel Absent: Dr. Luis Alvarado Dr. R. Reece Newsome Others present: Mr. Ken Schnauder Mr. Kurt Loup Ms. Stephanie Laborde Ms. Alicia Reynolds Mr. Jeff Williams Mr. Naquin called the meeting to order and asked that the record reflect 7 Board members were in attendance, and a quorum was present. He then welcomed the guests to the meeting and asked for all present to be introduced. Mr. Naquin called for approval of the January 8, 2026 minutes. Ms. Bordelon moved for the minutes to be adopted, and Dr. Foret seconded the motion. By verbal vote, the minutes were adopted with no dissenting votes. Mr. Naquin then called for the monthly financial report. Mr. Schnauder informed the Board the Fund balance was approximately $1,460,918,927, the total net collected in surcharge payments to date was approximately $100,123,740 and the total net filing fees collected to date were $147,800. He advised the investment income as of December 31, 2025 was $43,081,0 …
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Thu Jan 8, 2026

Patient's Compensation Fund Oversight Board

PCF Oversight Board to discuss Laserfiche contract upgrade and financial reports

The Patient's Compensation Fund Oversight Board will hold its regular meeting on January 8, 2026, at Our Lady of the Lake Regional Medical Center. The board will review monthly financial and budget reports, a claims report, and discuss a proposed increase in the Laserfiche contract for an upgrade. The meeting also includes standard procedural items like public comments and approval of prior minutes.

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✓ Decided: Board approves $100,000 contract increase for Laserfiche software

The Board approved an increase to the annual JPI contract for a software upgrade to Laserfiche 12. Additionally, the Board approved 16 claims for settlement totaling $8,535,000.

📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
Patient’s Compensation Fund State of Louisiana Division of Administration Jeff Landry Governor Phone: (225) 342-5000 Fax: (225) 342- 5318 PCF Oversight Board Office of Executive Director P.O. Box 3718 Baton Rouge, LA 70821 [email protected] Disability Accommodations may be requested from Ms. Sonja Connerly at [email protected] or 225-342-5684 AGENDA TO: Board Members and Interested Parties FROM: Ken Schnauder, Executive Director RE: PCF Oversight Board Meeting DATE: January 8, 2026 TIME: 6:30 p.m. PLACE: Our Lady of the Lake Regional Medical Center Heroman Boardroom 5000 Hennessey Blvd Baton Rouge, LA GENERAL SESSION: 1. Call to Order 2. Introduction of Guests 3. Public Comments 4. Approval of December 4, 2025, Minutes 5. Discussion for Increase in Laserfiche Contract for Upgrade 6. Monthly Financial and Budget Reports 7. Claims Report EXECUTIVE SESSION: (for discussion of litigation involving the PCFOB) 1. Litigation and Claims Committee Reports 2. Adjournment
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
1 JANUARY MINUTES PCF OVERSIGHT BOARD January 8, 2026 Our Lady of the Lake Regional Medical Center Heroman Boardroom 5000 Hennessey Blvd. Baton Rouge, LA Mr. Marcus Naquin, Chairman, convened the meeting of the Patient’s Compensation Fund Oversight Board at 6:30 PM on Thursday January 8, 2026 The following Board members were in attendance: Mr. Marcus Naquin, Chairman Ms. Tracy Bordelon Mr. John Derenbecker Dr. Luis Alvarado Dr. David Broussard Dr. Christopher Foret Absent: Mr. Greg Waddell Dr. R. Reece Newsome Mr. Robert Ruel Others present: Mr. Ken Schnauder Mr. Kurt Loup Ms. Stephanie Laborde Ms. Alicia Reynolds Ms. Barbara Woodard Ms. Holly Descant Mr. Naquin called the meeting to order and asked that the record reflect 6 Board members were in attendance, and a quorum was present. He then welcomed the guests to the meeting and asked for all present to be introduced. Mr. Naquin called for approval of the December 4, 2025 minutes. Dr. Alvarado moved for the minutes to be adopted, and Dr. Foret seconded the motion. By verbal vote, the minutes were adopted with no dissenting votes. Mr. Naquin called for discussion regarding an increase in the administrative contract for Laserfiche software (JPI). Mr. Schnauder advised support for the current level of software used by the PCF was being discontinued in the near future. The office has the opportunity for an upgrade to a newer version, Laserfiche 12 at a 15% discount, which will inclu …
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