A Medical Cost Projection (MCP) is a concise report that estimates future medical and related care costs over an appropriate projection period based on the available records, provider recommendations, and case-specific information. MCPs are most often used in minor-to-moderate injury matters. For cases of greater severity, a life care plan may be appropriate.
Helpful For:
Plaintiff and defense counsel, insurers, and other stakeholders evaluating future medical damages
When to use:
Minor/Moderate injury cases. When a concise projection of future medical and related costs is appropriate based on the nature of the injuries and available information
The basic outline of the report follows a structure somewhat like this:
General outline of the information about the case
A chronology of the client’s history of health care since injury
A summary of the medical records reviewed for the past medical history
A summary of ongoing care to date
A summary of the client’s current abilities related to activities of daily living (ADLs) and instrumental activities of daily living (IADLs)
Summary of Medical Cost Projection
The process of putting together a Medical Cost Projection
Review of associated records related to the person’s medical history and other relevant documents. An interview is not always required, depending on the case
Obtain and review treatment recommendations from the client’s providers
Research concerning the documented condition, likely future care needs, and case-specific treatment considerations
Concise written report identifying projected future care items and associated cost estimates based on the available records and research
A medical cost projection can help quantify claimed future medical expenses in a structured and transparent format.
Setting the right amount of money aside for a claim is important, especially when trying to figure out how much future medical care might cost because of an injury. To do this well, you need to know how serious the injury is and what kind of treatment might be needed in the future. This report can assist with estimating projected future medical costs based on the available records and case information
If you are going to have any luck with negotiations going your way, having something to negotiate with helps. Having a solid medical cost projection report can give you confidence for a productive negotiation on behalf of your client when you are in talks with other attorneys and insurances companies.
Before you can ask for a fair settlement, it's important to know what the future costs for the injured person might be. Having an estimate of these medical expenses with a Medical Cost Projection can strengthen your case.
A medical cost projection is typically shorter than a full life care plan and typically does not require an interview, depending on the case. The report is based on the available medical records, other case materials, and provider recommendations.
Typical turn around time is 1-2 weeks. Rush reports are available less than 7 days based on availability.
In order to make create a comprehensive medical cost projection, we would need medical records, written reports/recommendations by other experts, and deposition transcripts. More details outlined in our Retainer Agreement.
Life care plan is better for:
Medical Cost Projection is better for: