Patient compensation funds

{
  "id": "MLC-T-INS-002514",
  "term": "Patient compensation funds",
  "field": "Insurance and risk management",
  "definition": "State-established funds designed to provide an additional layer of medical malpractice coverage for healthcare providers, beyond their primary insurance limits. These funds aim to stabilize malpractice insurance markets and limit providers' liability exposure. They are typically financed through surcharges on medical malpractice insurance premiums or direct assessments on healthcare providers.",
  "url": "https://mlchart.com/terminology/insurance/patient-compensation-funds/"
}