Patient's Compensation Fund Oversight Board public meetings in 2024
12 substantive meetings from 2024, with official agendas or minutes and plain-English summaries.
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will meet to approve minutes, hear the annual financial audit from EisnerAmper, LLP, and review monthly financial and budget reports. An executive session is scheduled for discussion of litigation.
- Annual Financial Audit by EisnerAmper, LLP
- Monthly Financial and Budget Reports
- Claims Report
- Executive session for litigation discussion
The Patient's Compensation Fund Oversight Board approved 31 claims for settlement totaling $17,237,254. The Board also adopted the November 14, 2024 minutes and reviewed the 2024 annual financial audit report.
- Approved 31 claims for settlement totaling $17,237,254 (unanimous)
- Adopted November 14, 2024 minutes (unanimous)
Patient's Compensation Fund Oversight Board
The PCF Oversight Board will consider approving the 2025-26 budget, review monthly financial reports, and receive an investment update from Cardinal Investment Advisors. The board will also discuss litigation in executive session, including a report on the Cannady administrative hearing.
- Investment update from Cardinal Investment Advisors
- Monthly financial and budget reports with 2025-26 budget approval
- Claims report
- Executive session for litigation discussion, including Cannady administrative hearing
The Board approved the projected budget for the July 1, 2025, to June 30, 2026, fiscal year. Members also approved 28 claims for settlement and findings from an administrative hearing. The Board received updates on portfolio performance and monthly financial reports.
- Approved $184,798,278.00 budget for fiscal year 7/1/25-6/30/26 (unanimous)
- Approved 28 claims for settlement totaling $14,113,817
- Approved October 3, 2024 meeting minutes (unanimous)
- Approved findings and conclusions from the Cannady administrative hearing
- Approved claims presented during executive session (unanimous)
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will hold a general session to approve prior meeting minutes, review monthly financial and budget reports, and hear a claims report. An executive session is scheduled to discuss litigation involving the board, including the Cannady administrative hearing and committee reports.
- Approval of September 5, 2024, meeting minutes
- Monthly Financial and Budget Reports
- Claims Report
- Cannady Administrative Hearing Report and Discussion (executive session)
- Litigation and Claims Committee Reports (executive session)
The Patient's Compensation Fund Oversight Board approved 24 claim settlements totaling $21,440,000. The board also adopted the minutes from the September 5, 2024 meeting. Financial reports were presented showing a fund balance of approximately $1,386,942,691.
- Approved 24 claim settlements totaling $21,440,000 (unanimous)
- Adopted September 5, 2024 minutes (unanimous)
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will meet to receive an investment update from Cardinal Investment Advisors, review monthly financial and budget reports, and discuss a claims report. An executive session is scheduled for litigation and claims committee reports.
- Investment update by Jacob Meese of Cardinal Investment Advisors, LLC
- Monthly financial and budget reports
- Claims report
- Executive session for litigation and claims committee reports
The Patient's Compensation Fund Oversight Board approved 22 claim settlements totaling $7,626,286. The Board also adopted the August 8, 2024 meeting minutes and reviewed quarterly investment and monthly financial reports.
- Approved August 8, 2024 minutes (unanimous)
- Approved 22 claim settlements totaling $7,626,286 (unanimous)
Patient's Compensation Fund Oversight Board
The Board will review monthly financial, budget, and claims reports. An executive session is scheduled to discuss litigation involving the PCFOB.
- Approval of July 18, 2024, minutes
- Monthly Financial and Budget Reports
- Claims Report
- Litigation and Claims Committee Reports
The Board approved 17 claim settlements totaling $8,440,552. Members also adopted the minutes from the July 18, 2024 meeting and reviewed monthly financial and claims reports.
- Approved July 18, 2024 minutes (unanimous)
- Approved 17 claim settlements totaling $8,440,552 (unanimous)
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will meet to discuss the annual actuarial rate study presented by Willis Towers Watson. The board will also review monthly financial, budget, and claims reports, as well as unclassified staff evaluation and compensation.
- Annual Actuarial Rate Study Presentation by Jim Hurley-Willis Towers Watson
- Unclassified Staff Evaluation and Compensation Discussion
- Monthly Financial and Budget Reports
- Claims Report
- Executive Session regarding litigation involving the PCFOB
The Board adopted a provider rate increase of 9% for hospitals and 2.3% for dentists and oral surgeons. It also approved 5% salary increases for two unclassified staff members and authorized 27 claim settlements. The meeting concluded with a session to discuss litigation.
- Approved June 6, 2024 minutes (unanimous)
- Approved 9% rate increase for hospitals and 2.3% for Dentists and Oral Surgeons (5-2)
- Approved 5% salary increase for Mr. Schnauder and Mr. Loup effective July 15, 2024 (unanimous)
- Approved 27 claims for settlement totaling $6,08,993 (unanimous)
Patient's Compensation Fund Oversight Board
The PCF Oversight Board will meet to review the May 2, 2024, minutes and receive an investment update from Cardinal Investment Advisors, LLC. The board will also review monthly financial, budget, and claims reports.
- Investment Update by Jacob Meese of Cardinal Investment Advisors, LLC
- Monthly Financial and Budget Reports
- Claims Report
- Executive Session regarding litigation involving the PCFOB
The Patient's Compensation Fund Oversight Board approved 24 claim settlements totaling $13,505,250. The Board also voted to fund a new Administrative Program Specialist A position to assist with surcharge payments. Financial reports showed a fund balance of approximately $1,388,980,927 for the fiscal year.
- Approved May 2, 2024 minutes (unanimous)
- Approved funding for one Administrative Program Specialist A position (unanimous)
- Approved 24 claim settlements totaling $13,505,250 (unanimous)
Patient's Compensation Fund Oversight Board
The PCF Oversight Board will meet to approve April 2024 minutes and 2024-25 fiscal year administrative contracts. The board will also review monthly financial, budget, and claims reports.
- Approval of 2024-25 Fiscal Year Administrative Contracts
- Contract Legal Counsel Fee Approval
- Review of Monthly Financial and Budget Reports
- Discussion of appeal: Julie Runkle, et al v. Henry A Hollier, MD et al
The Patient's Compensation Fund Oversight Board approved seven administrative contract renewals for the 2024-25 fiscal year. The Board also approved a revised hourly fee schedule for legal services and authorized settlement payments for 25 claims totaling $14,967,258.
- Approved April 4, 2024 minutes (unanimous)
- Approved seven administrative contract renewals effective July 1, 2024 (unanimous)
- Approved revised legal counsel fee schedule effective May 3 and July 1, 2024 (unanimous)
- Approved 25 claims for settlement totaling $14,967,258 (unanimous)
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will hold a general session to approve minutes, review monthly financial and budget reports, and hear a claims report. The board will then enter executive session to discuss litigation involving the PCFOB.
- Approval of March 7, 2024, minutes
- Monthly financial and budget reports
- Claims report
- Executive session for litigation and claims committee reports
The Patient's Compensation Fund Oversight Board approved 15 claim settlements totaling $6,640,982. The Board also adopted the minutes from the March 7, 2024 meeting and reviewed monthly financial and claims reports.
- Approved March 7, 2024 minutes (unanimous)
- Approved 15 claim settlements totaling $6,640,982 (unanimous)
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will meet to approve February minutes, elect new board officers, and review delegation of authority. The meeting will also include reviews of monthly financial, budget, and claims reports.
- Election of Oversight Board Officers
- Approval of Delegation of Authority
- Monthly Financial and Budget Reports
- Claims Report
- Discussion of litigation in Executive Session
The Board approved 17 claim settlements totaling $5,521,791 and adopted updated Delegations of Authority for contracts and operations. New board officers were nominated to take effect at the May meeting. The Board also approved the February 8, 2024 meeting minutes.
- Approved 17 claim settlements totaling $5,521,791 (unanimous)
- Approved nomination of Mr. Naquin (chairman), Mr. Waddell (vice-chairman), and Dr. Newsome (secretary) effective May (unanimous)
- Approved Delegation of Authority for contracts with law firms (no dissenting votes)
- Approved Delegation of Authority for personnel and general operations (unanimous)
- Adopted February 8, 2024 minutes (no dissenting votes)
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will meet on February 8, 2024, to review monthly financial and budget reports. The agenda also includes an investment update from Cardinal Investment Advisors, LLC and a claims report.
- Investment Update by Jacob Meese of Cardinal Investment Advisors, LLC
- Monthly Financial and Budget Reports
- Claims Report
- Executive Session regarding litigation involving the PCFOB
The Board approved 9 claim settlements totaling $6,247,500. Members also adopted the January 11, 2024 minutes and reviewed quarterly investment and monthly financial reports.
- Approved January 11, 2024 minutes (unanimous)
- Approved 9 claim settlements totaling $6,247,500 (unanimous)
Patient's Compensation Fund Oversight Board
The Board will meet to review monthly financial and budget reports and the claims report. The agenda also includes a request to approve an administrative contract for Canon Recognition Software.
- Approval of December 7, 2023, Minutes
- Approval of Administrative Contract for Canon Recognition Software
- Review of Monthly Financial and Budget Reports
- Review of Claims Report
- Executive session discussion regarding litigation involving the PCFOB