Physician Life Care
Planning
1. Clinical Objectives of Life Care Planning: 1. Diminish and eliminate physical/psychological pain and
suttering
2. Reach and maintain the highest level of function possible in light of the individual's unique circumstance
3. Prevent complications that an individuals' unique physical and mental conditions would predispose them
4. Attord the individual the best quality of life possible
2. Punitive Damages: Punish the tortfeasor. i.e. fining a company that distributed a defective product
3. Compensatory Damages: Meant to make the injured party whole again
4. 3 types of damages we focus on: 1. Medical Damages
2. Loss of earnings
3. Loss of household services
5. Personal Injury Landscape: Defines the pathway to punitive or economic damages
6. Reasonable degree of medical probability: 51% or higher
7. What are we: A nationwide provider or damages valuation services
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, Physician Life Care
Planning
8. Our mission: To be the world's highest quality provider of damages valuation services
9. Our motto: Planning the future, defining a lifetime
10. Our core values: 1. Superlative expertise
2. Integrity
3. Problem solving
4. Commitment to excellence
5. Ownership
6. Customer centricity
11. Basic/non catastrophic plan cost: $10,950
12. Catastrophic Life Care Plan cost: $15,950
13. Counter-Party Life Care Plan Review Cost: $750/hr with 8 hr minimum
14. Record Review w/o Narrative cost: $750/hr with 5 hour minimum
15. Narratives, Updates, Amendments and Supplemental Assessments cost: -
$750/hr with 3 hour minimum
16. Present Value Assessment: How much money does the subjects plan require today, assuming he/she can earn
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, Physician Life Care
Planning
a known rate of interest, to enable them to attord all the medically related goods and services within their life care plan, at their future
inflationary adjusted values and within the periods of time they are forecasted to occur.
17. Opportunity Cost Method: Attempts to value household work by asking "What would a person be paid
in wage labor for one hour of household work?"
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Planning
1. Clinical Objectives of Life Care Planning: 1. Diminish and eliminate physical/psychological pain and
suttering
2. Reach and maintain the highest level of function possible in light of the individual's unique circumstance
3. Prevent complications that an individuals' unique physical and mental conditions would predispose them
4. Attord the individual the best quality of life possible
2. Punitive Damages: Punish the tortfeasor. i.e. fining a company that distributed a defective product
3. Compensatory Damages: Meant to make the injured party whole again
4. 3 types of damages we focus on: 1. Medical Damages
2. Loss of earnings
3. Loss of household services
5. Personal Injury Landscape: Defines the pathway to punitive or economic damages
6. Reasonable degree of medical probability: 51% or higher
7. What are we: A nationwide provider or damages valuation services
1/
17
, Physician Life Care
Planning
8. Our mission: To be the world's highest quality provider of damages valuation services
9. Our motto: Planning the future, defining a lifetime
10. Our core values: 1. Superlative expertise
2. Integrity
3. Problem solving
4. Commitment to excellence
5. Ownership
6. Customer centricity
11. Basic/non catastrophic plan cost: $10,950
12. Catastrophic Life Care Plan cost: $15,950
13. Counter-Party Life Care Plan Review Cost: $750/hr with 8 hr minimum
14. Record Review w/o Narrative cost: $750/hr with 5 hour minimum
15. Narratives, Updates, Amendments and Supplemental Assessments cost: -
$750/hr with 3 hour minimum
16. Present Value Assessment: How much money does the subjects plan require today, assuming he/she can earn
2/
17
, Physician Life Care
Planning
a known rate of interest, to enable them to attord all the medically related goods and services within their life care plan, at their future
inflationary adjusted values and within the periods of time they are forecasted to occur.
17. Opportunity Cost Method: Attempts to value household work by asking "What would a person be paid
in wage labor for one hour of household work?"
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17
