Did you know that today’s Medical Cost Projection (MCP) can meet the same goal as a Life Care Plan without the extensive interviews? They are a practical approach for building your case and winning.
The Practical side of an MCP
It is quick.
An MCP can help speed up the settlement. Your client’s life is chaotic. Not only are they facing major medical hurdles, but also legal and financial challenges that are intensely stressful for them and their family. They are experiencing significant life changes due to the catastrophic injury or chronic illness and need to find a way back to some quality of life and rehabilitation potential. The quicker you can reach a settlement, the easier it will be for them to reduce pain and suffering while avoiding complications.
You can get higher settlements.
The MCP is a consistent process for evaluating the patient and disability to show all the medical needs dictated by the onset of the disability or chronic illness. This is a powerful document that arms you with the accurate estimates of future medical costs, helping you to obtain higher settlements for your client.
It helps in your negotiation.
An MCP is a valuable tool for insurance claims and legal professionals for settlements and Medicare Set Aside purposes. It provides an accurate analysis of future medical costs in pre-litigation, combining the potential of future expert testimony with evidence supporting damages.
It is a good option with limited litigation.
Litigation is expensive and stressful. Since the probability is high that you can settle without trial and with some policies having limits, there is no reason to think about trial. In fact, greater than 80% of tort cases settle out of court and never proceed to trial. Therefore, an MCP is suitable for your needs.
It provides early-stage expertise.
Whether the case is simple or complex, your client needs to get a fair and accurate estimate of medical expenses. But the reality is that there is only so much that is known about their injury / illness and life circumstances in the early stages of the case. Therefore, it’s powerful to have an expert with the knowledge and experience on your team.
Building your case
So, how does an MCP help in building your case and help you win? It provides a practical approach with the expertise using meticulous methodology and evidence that leverages your negotiating power. The process for developing an MCP includes extensive review of medical records and reports. If you are interested in learning more about the methodology of MCPs prepared by Sierra Nurse Consultants, visit http://sierranurse.com/services/medical-cost-projections/.
Keywords: practical approach, medical cost projection, MCP, building your case