Medical Cost Projections PDF Print E-mail
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Tuesday, 10 February 2009 12:06

Medical Cost Projections

 

 

The Medical Cost Projection provides the claims professional with an unbiased third party estimation of the total medical, durable medical equipment (DME) and prescription drug value of the claim. The medical summary includes the initial injury information, current treatment, the future medical needs and any pre-existing or co-morbid conditions

 

It is a very useful tool for setting reserves and can be a key component for settlement negotiations. It compiles data provides and is the basis for calculating the medical portion for mediation and the overall settlement.

 
The report includes an itemized spreadsheet that lists the costs for all medical, DME and pharmacy needs on an annual basis as well as priced out for the life expectancy of the individual.It is ideal for those claims where a MSA is not yet appropriate.

Last Updated on Tuesday, 14 April 2009 14:33