Medical Cost Projections for Objective Future Expense Analysis
The Challenge in Personal Injury and Medical Malpractice Matters
Attorneys involved in personal injury and medical malpractice matters — on both the plaintiff and defense sides — are often required to evaluate anticipated short-term and long-term medical expenses associated with injury or illness. Estimating future medical costs requires interpretation of medical records, treatment recommendations, and evolving clinical conditions, as well as familiarity with current healthcare cost data.
Without medically informed analysis, projecting future medical expenses can involve unsupported assumptions or inconsistent methodologies, which may complicate damage evaluation, settlement analysis, and trial preparation.
Our Medical Cost Projection Approach
Accurately estimating future medical costs is a critical component of case evaluation. Invision Life Care Planning provides Medical Cost Projections based on medical records, documented treatment recommendations, clinical guidelines, and accepted costing methodologies.
Our projections involve a detailed review of medical documentation, relevant expert reports, and current cost data to develop clear, evidence-based estimates of anticipated medical expenses related to injury or illness. Each projection includes defined assumptions and transparent methodology to support defensibility and clarity.
Medical Cost Projections are designed to support informed legal analysis by presenting objective financial estimates of future medical needs, rather than advocating for a particular outcome.
How to Initiate a Medical Cost Projection
The process begins with an initial case review to define scope, followed by a comprehensive review of medical records and supporting documentation relevant to projected future care needs.
Methodology for Medical Cost Projections
Assessment
- Comprehensive medical record review
- Review of relevant expert reports and treatment recommendations
Development
- Preparation of a narrative report outlining assumptions and scope
- Costing of anticipated medical care and, where applicable, related non-medical needs using current cost data