Methodologies our life care planners use in plan development, cost research, and medical cost projection.
Life Expectancy in Life Care Planning - Life expectancy sets the horizon of a life care plan: how many years each recurring item is carried and how many replacement cycles each piece of equipment gets. The planner starts from published population life tables and applies any condition-specific adjustment only when a qualified physician supports it.
Present Value Analysis - Present value analysis reduces a projected stream of future damages to a single lump sum equivalent in today's dollars, accounting for the time value of money and expected growth of the underlying cash flows.
Life Care Plan Development - Life care plan development is a structured process that translates treating-team recommendations, peer-reviewed literature, and geographically matched cost data into a comprehensive projection of future medical and non-medical care needs.
Functional Capacity Evaluation - A functional capacity evaluation (FCE) is a standardized assessment of a person's physical capacity to perform work-related activities, typically conducted by an occupational or physical therapist over one or two days.
Cost Research Methodology - Cost research is the process by which each item in a life care plan receives a unit price that reflects what the care actually costs where the evaluee lives. It combines geographically matched pricing sources, direct provider and vendor quotes, and documentation sufficient for another planner to reproduce the figure.
Medicare Set-Aside Allocation Methodology - A Medicare set-aside allocation estimates the portion of a settlement that should be reserved for future injury-related care that Medicare would otherwise cover. The allocation is narrower than a life care plan in scope, priced on a fee-schedule basis, and prepared with Medicare's review process in mind.
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