Medical Cost Projections

Do you need future medical costs for mediation or settlement negotiations?
Do you need to forecast medical costs for reserves or claims?

Medical Cost Projections are a great tool for helping you determine cost of medical care associated with the accident and the estimated cost of the medicare they will need in the future because of the accident.  Medical Cost Projections are more then taking the current medicals costs and multiplying them by life expectancy to come up with a number.  Our United States based medical personnel:

• Review the medical records
• Physician reports
• Plaintiff interviews

MCP, when done right, is a comprehensive and expert analysis which generates reliable, evidence-based recommendations to positively manage the medical portion of a large loss claim.  

Medical Cost Projections are an invaluable tool in mediation, setting accurate reserves and settlement negotiations because it is designed to forecast future medical costs (claim exposure). Medical Cost Projections establish a medically accurate basis on which to set reserves for workers’ compensation, liability files or claims.

Reviewed and written by Certified Life Care Planners, Future Medical Costs Projections provide an itemized medical summary listing of all relevant and appropriate medical, and pharmaceutical needs on an annual basis as well as for the expected life of the individual. The Future Medical Cost Projections are similar to a Life Care Plan, but is recommended when a more generalized and expedited form of information is needed to help all involved parties obtain a better initial understanding of the potential scope of a case.

A Medical Cost Projection (MCP) creates a cost projection report after reviewing medical records, determining future medical care based on the patterns of care in the medicals and anticipated outcomes, and identifying the costs for future care.   A Medical Cost Projection is less intense than a Life Care Plan, but is still a detailed and complete assessment of future medical needs.   Medical Cost Projections can also be used as a Consulting or Expert Witness report.

Medical Cost Projections are a useful tool to generate A personal injury damages award almost always includes the cost of medical care associated with the accident — reimbursement for treatment you’ve already received and compensation for the estimated cost of medical care you’ll need in the future because of the accident.e

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