Patient's Compensation Fund Oversight Board public meetings in 2025
12 substantive meetings from 2025, with official agendas or minutes and plain-English summaries.
Patient's Compensation Fund Oversight Board
The Louisiana Patient’s Compensation Fund Oversight Board will convene at Our Lady of the Lake Regional Medical Center to receive a financial audit report, monthly budget updates, and a claims report. The board will also approve minutes from its November 6 meeting and hear public comments.
- Approval of November 6, 2025, meeting minutes
- Financial Audit Report by Chad Becnel, EisnerAmper, LLP
- Monthly Financial and Budget Reports
- Claims Report presentation
The Board approved 30 claim settlements totaling $16,110,613. Members also adopted the November 6, 2025 minutes and reviewed a clean financial audit for the 2025 Fiscal Year.
- Approved November 6, 2025 minutes (unanimous)
- Approved 30 claim settlements totaling $16,110,613 (unanimous)
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will hold its November 6, 2025 meeting at Our Lady of the Lake Regional Medical Center in Baton Rouge. The board will review an investment update, approve the 2026-27 agency budget, and receive monthly financial and budget reports. The meeting includes a public comments period and an executive session to discuss litigation.
- Approval of 2026-27 Agency Budget
- Investment Update by Jake Meese (Mariner Institutional)
- Monthly Financial and Budget Reports
- Claims Report
- Public Comments
The Patient's Compensation Fund Oversight Board approved the projected agency budget for the 2026-2027 fiscal year. The Board also approved 37 claims for settlement totaling $20,825,741. October minutes were adopted and a quarterly investment update was presented.
- Approved 2026-2027 fiscal year budget of $195,269,588 (unanimous)
- Approved 37 claims for settlement totaling $20,825,741 (unanimous)
- Adopted October 2, 2025 minutes (no dissenting votes)
Patient's Compensation Fund Oversight Board
The Board will meet to approve previous meeting minutes and review monthly financial, budget, and claims reports. The meeting includes an executive session to discuss litigation involving the PCFOB.
- Approval of September 4, 2025, minutes
- Monthly Financial and Budget Reports
- Claims Report
- Litigation and Claims Committee Reports (Executive Session)
The Board approved 30 claims for settlement totaling $16,770,000. Members also adopted the minutes from the September 4, 2025 meeting. The session included a financial report and a review of claims activity for September.
- Approved 30 claims for settlement in the amount of $16,770,000 (unanimous)
- Adopted September 4, 2025 minutes (unanimous)
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will hold a general session to discuss and potentially approve a fixed-income manager contract, receive an investment update, and review monthly financial and claims reports. An executive session is scheduled for litigation discussions.
- Fixed-Income Manager Contract - Discussion and Approval
- Investment Update by Jake Meese of Mariner Institutional
- Monthly Financial and Budget Reports
- Claims Report
- Executive Session for litigation and claims committee reports
The Board reaffirmed its current investment policy and asset allocation targets. It approved a three-year contract renewal with fixed income manager NEAM and authorized 21 claim settlements totaling $21,477,650.
- Approved August 7, 2025 minutes (unanimous)
- Reaffirmed current investment policy statement and asset allocation targets (unanimous)
- Renewed 3-year contract with fixed income manager NEAM (no dissenting votes)
- Approved 21 claim settlements totaling $21,477,650 (unanimous)
Patient's Compensation Fund Oversight Board
The PCF Oversight Board will meet to approve July 2025 minutes, review monthly financial and budget reports, and consider a claims report. The board will then enter executive session to discuss litigation.
- Approval of July 10, 2025, meeting minutes
- Monthly Financial and Budget Reports
- Claims Report
- Executive session for litigation discussion
The Patient's Compensation Fund Oversight Board approved 27 claim settlements totaling $11,485,500. The Board also adopted the minutes from the July 10, 2025 meeting. A portion of the meeting was held in Executive Session to discuss litigation.
- Approved July 10, 2025 minutes (unanimous)
- Approved 27 claim settlements totaling $11,485,500 (unanimous)
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will meet to receive an annual actuarial rate study and discuss staff compensation. The board is also scheduled to discuss and approve the renewal of the Mariner contract.
- Annual Actuarial Rate Study presentation by WTW
- Mariner contract renewal discussion and approval
- Unclassified staff evaluation and compensation discussion
- Monthly financial and budget reports
- Litigation and claims committee reports in executive session
The Board approved a modified rate increase for hospitals, nursing homes, Class 4 physicians, and dentists. It also approved a 6% pay increase for two staff members and a contract renewal for Mariner. The Board approved 24 claim settlements totaling $13,820,000.
- Approved surcharge rate increases: Hospitals 3.5%, Nursing Homes 2.6%, Class 4 Physicians 1.1%, Dentists/Oral Surgeons 0.6% (6-2)
- Approved 6% compensation increase for Mr. Schnauder and Mr. Loup (unanimous)
- Approved 3-year Mariner contract renewal with 2.75% annual fee increase (unanimous)
- Approved 24 claim settlements totaling $13,820,000 (unanimous)
- Adopted June 5, 2025, minutes (unanimous)
- Denied motion to keep all provider rates the same (4-4)
- Denied motion for Option 4 rate changes (4-4)
Patient's Compensation Fund Oversight Board
The PCF Oversight Board will receive investment updates from Mariner Institutional and NEAM, review monthly financial and budget reports including staffing issues, and consider a claims report. The board will also enter executive session to discuss litigation and claims committee reports.
- Investment Update - Jacob Meese - Mariner Institutional
- Investment Update – Patrick Scully - NEAM on Fixed Income Portfolio
- Monthly Financial and Budget Reports – Staffing Issues
- Claims Report
- Executive Session: Litigation and Claims Committee Reports
The Board approved 33 claim settlements totaling $20,641,822 and authorized the addition of an Administrative Specialist B position to the surcharge personnel. The Board also re-elected its current officers and adopted the May 1, 2025 minutes.
- Approved May 1, 2025 minutes (unanimous)
- Re-elected Marcus Naquin as chairman, Greg Waddell as vice-chairman, and Dr. R. Reece Newsome as secretary (unanimous)
- Approved addition of one Administrative Specialist B position to PCF surcharge personnel (unanimous)
- Approved 33 claim settlements totaling $20,641,822 (unanimous)
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will meet to discuss and approve administrative contracts for the 2025-26 fiscal year, review monthly financial and budget reports, and consider a claims report. The board will also enter executive session to discuss litigation, including the case of Laureen Olson v. Louisiana Patient's Compensation Fund Oversight Board.
- Discussion and approval of 2025-26 Fiscal Year Administrative Contracts
- Monthly Financial and Budget Reports
- Claims Report
- Executive session for litigation, including Laureen Olson v. Louisiana Patient’s Compensation Fund Oversight Board et al
The Board approved a $15 million increase to the current fiscal year claims budget, raising the total to $165 million. Seven administrative contracts for the 2025-26 fiscal year were renewed. The Board also approved 20 claim settlements totaling $8,372,500.
- Approved April 3, 2025 minutes
- Approved seven administrative contracts for 2025-26 fiscal year (unanimous)
- Approved $15,000,000 increase to claims budget (no dissenting votes)
- Approved 20 claim settlements totaling $8,372,500 (unanimous)
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will meet to discuss and potentially act on the general counsel contract. The board will also review monthly financial and budget reports, a claims report, and approve the previous meeting's minutes. An executive session is scheduled for discussion of litigation.
- Discussion of General Counsel Contract
- Monthly Financial and Budget Reports
- Claims Report
- Approval of March 6, 2025, Minutes
- Litigation and Claims Committee Reports (Executive Session)
The Board approved one-year contracts for Ms. Stephanie Laborde as general counsel and Mr. Joseph Manning as conflict counsel. The Board also approved 23 claims for settlement totaling $13,784,364.
- Approved March 6, 2025 minutes (unanimous)
- Approved 1-year contract for Ms. Stephanie Laborde as general counsel (unanimous)
- Approved 1-year contract for Mr. Joseph Manning as conflict counsel (unanimous)
- Approved 23 claims for settlement totaling $13,784,364 (unanimous)
Patient's Compensation Fund Oversight Board
The Patient's Compensation Fund Oversight Board will meet on March 6, 2025, to discuss investment updates, monthly financial and budget reports, and a claims report. The board will also hold an executive session to discuss litigation involving the fund.
- Investment update from Jacob Meese of Mariner Institutional, LLC (formerly Cardinal)
- Monthly financial and budget reports
- Claims report
- Executive session for litigation and committee reports
Patient's Compensation Fund Oversight Board
The board will hold a general session to approve minutes, review financial and budget reports, and hear a claims report, followed by an executive session to discuss litigation.
- Approval of January 9, 2025, minutes
- Monthly Financial and Budget Reports
- Claims Report
- Litigation and Claims Committee Reports (executive session)
The Patient's Compensation Fund Oversight Board approved 13 claims for settlement totaling $6,504,000. The Board also adopted the minutes from the January 9, 2025 meeting.
- Approved January 9, 2025 minutes (unanimous)
- Approved 13 claims for settlement totaling $6,504,000 (unanimous)
Patient's Compensation Fund Oversight Board
The Board will meet to approve the December 5, 2024, minutes and review monthly financial, budget, and claims reports. An executive session is scheduled to discuss litigation involving the PCFOB.
- Approval of December 5, 2024, minutes
- Monthly Financial and Budget Reports
- Claims Report
- Executive session regarding litigation and claims committee reports
The Patient's Compensation Fund Oversight Board approved 19 claims for settlement. The Board also adopted the minutes from the December 5, 2024 meeting.
- Approved December 5, 2024 minutes (unanimous)
- Approved 19 claims for settlement totaling $6,920,500 (unanimous)