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Life Care Plan by Physician Life Care Planner
When is a Life Care Plan useful?
All situations involving a chronic injury, catastrophic or non-catastrophic, that will require future care to function optimally and reduce pain and suffering. The Life Care Plan is a valuable tool to reach a settlement, not only in the litigation phase of a case, but also in the pre-litigation phase. It is based on a reliable, consistent methodology within a reasonable degree of medical probability.
Why retain a Physician Life Care Planner?
In addition to providing a strong medical foundation for future medical care, a Physician Life Care Planner's testimony can tie together all Experts' testimony. A Physician Life Care Planner can also educate the jury, in layperson's terms, about the extent and likely progression of the injury, causation, permanency, and future medical costs.
Loss of Earnings Capacity Assessment by Vocational Expert
When is a Vocational Assessment useful?
Utilized when the injured individual was able to work at the time of the injury, but since the injury is unable to do the same type of work for the same amount of time, and a post-injury earnings capacity is expected. The Vocational Assessment quantifies the nominal loss of earnings capacity based on the difference between pre-injury and post-injury earnings capacity.
Why retain a Vocational Expert?
The Vocational Expert educates the jury, in layperson's terms, about the loss of earnings capacity based on ability, education, aptitude, functional limitations, and employability. The Vocational Expert also determines what occupations are reasonable by considering the strong medical foundation opinions in the Life Care Plan by the Physician Life Care Planner.
Present Value Assessment by PhD Economist
When is a Present Value Assessment useful?
The Life Care Plan Report and Vocational Loss of Earnings Report are in nominal dollars. Present Value Assessments calculate the present amount of money needed to ensure that there is enough future money to cover future medical costs, household services costs, and loss of earnings. These reports account for inflation, interest, and other future economic risks.
Why retain a PhD Economist?
The PhD Economist determines the full present value of compensatory economic damages in the Life Care Plan and Vocational Loss of Earnings Capacity Assessment. The PhD Economist ensures that the current total covers the expected future total by authoring up to three separate Present Value Assessments: 1) Future Medical Costs, 2) Loss of Household Services, and 3) Loss of Earnings.
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