Medical Cost Projections
Medical Cost Projections are often referred to as an abbreviated Life Care Plan. This can be deceiving as the goals are the same – project care with costs. BUT, the why and how the goal is attained is the difference between a Medical Cost Projection and Life Care Plan. Medical Cost Projections can be referred at any point in the case – before, during, or near the settlement. Projecting care with costs can be for a specific recommendation (such as surgery), a specific timeframe (10 years versus life expectancy), or a specific cost resource (workers’ compensation fee schedule, collateral resource, etc.).
The methodology of a Medical Cost Projection will depend upon the author’s skills, training, and experience. FIG nurses are licensed, credentialed, and have extensive knowledge in projecting care with costs. Therefore, we qualify as expert witnesses in Medical Cost Projections. Often times, FIG will tag team with the provider – who is the ‘care expert.’ Consider FIG as the ‘cost expert’ in a Medical Cost Projection.