Medical Cost Projections

A Medical Cost Projection is a report that provides future medical costs based upon the client’s current pattern of care and in collaboration with other experts. Often, recommendations are provided by other experts including but not limited to physicians, nurse practitioners, physician assistants, psychologists, and/or vocational experts. Medical Cost Projections often assist in the settlement of cases.

Methodology

The process to develop a medical cost projection includes a detailed analysis of the medical records and or expert(s)’ reports. Next the experts’ recommendations are incorporated into the cost projection. Costs are obtained using accepted coding and costing methodologies to determine the usual, customary, and reasonable charges for a geographical area in which the client is expected to receive services.

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