Definition
The estimated financial liability to the health authority of the costs to be incurred in finalising the current medical indemnity claim management episode, in Australian dollars.
Components
Data Element (this item)
-
Data Element ConceptMedical indemnity claim management episode—reserve amount
-
Object ClassMedical indemnity claim management episode
-
PropertyReserve amount
-
-
Value DomainTotal Australian currency N[N(8)]
Representation
This representation is based on the value domain for this data element, more information is available at " Total Australian currency N[N(8)] ".| Data Type | Currency |
|---|---|
| Format | N[N(8)] |
| Maximum character length | 9 |
Comments
Guide for use:
The reserve amount includes anticipated payments to claimants as well as anticipated legal, investigative and associated costs, but excludes administrative costs. The reserve amount covers recognised but as yet unpaid liabilities related to a claim as well as its estimated future liabilities. The reserve amount should be recorded as $0 for claims that are closed.
Comments:
The National Claims and Policies Database (APRA 2006) data item 22 'Gross case estimate at end of reporting period' is identical to this data item.
References
APRA (Australian Prudential Regulation Authority) 2006. Data specifications National Claims and Policies Database document number 3.1. Canberra: APRA
This content Based on Australian Institute of Health and Welfare material. Attribution provided as required under the AIHW CC-BY licence.