A Future Medical Cost Projection (FMCP) is a comprehensive document which projects future medical care based on published standards of practice, data analysis and research, providing an organized and concise plan for current and future needs with associated costs, for individuals who have experienced catastrophic injury or have chronic health care needs. The FMCP identifies future medical exposure related to the compensable injury.
The FMCP offers a comprehensive spreadsheet analysis of the range of associated costs that can be anticipated specific to the case needs based on worker's compensation fee schedule or usual and customary pricing. The FMCP can be used for reserve setting, mediation, settlement negotiation and as a tool to identify over or under-utilization of medical care and treatment, causal relationship, and anticipated future medical care. The key issues driving the medical costs are identified and explained in a concise manner to enhance claims management and cost containment.
If you have any questions please contact the Gould & Lamb Client Services Department at (866) 672-3453 (MSA-FILE) between 8:30 am and 7:00pm EST Monday through Friday.
 Liability Services- Life Care Plan (LCP)
Determining the merits of a medical malpractice, personal injury, workers’ compensation injury or liability suit can be time-consuming and difficult. The key medical issues need to be defined and validated bny an actual analysis that addressed the specific aspects and variables pertinent to an individual. A medical expert can provide information., but are they able to clearly articulate the key medical issues in layman’s terms?
If objectivity and impartiality are the two foremost characteristics needed when enlisting the aid of a medical financial resource, call Gould & Lamb, LLC. We provide law firms, insurance companies, reinsurers, self-insured companies, third-party administrators and structured settlement companies with objective and comprehensive services in high-dollar litigated cases in workers’ compensation, medical malpractice, personal injury, auto and product liability areas. The scientific methodology utilized by Gould & Lamb for creating a Life Care Plan or analyzing an opposing Life Care Plan will provide you with an accurate listing of the appropriate care needs, establish precise costs, identify community resources, and offer suitable delivery of care options. Our factual, analytical review accurately quantifies the true medical damages based on care.
The benefits of using a Life Care Plan (LCP) Service:
- Medical Experts – Certified medical professionals provide expert medical reviews and produce a credible and accurate analysis of medical costs, creating an objective and defensible third-party view of each case.
- Variety of Service Offerings – Various services available to address the specific case issues: consultative assessment, comprehensive life care plans, on-site case assessments, life care plan critiques, comparative analysis, medical bill audit and negotiating, mediation assistance, and electronic chronological record storage with a medical timeline.
- Clear, Concise Case Reports – Medical reports that offer a detailed case overview that supports the medical opinions formulated by our experts.
- Medical Damages Analysis – We provide a comprehensive view of the true needs of the case and develop a plan of care utilizing appropriate medical practice standards and various resources to deliver options for long-term care needs.
- Precise Financial Spreadsheets – Medical costs are researched, documented, and itemized. These expenses are projected annually in an easy to read spreadsheet format that clearly establishes future medical expenses for the individual’s lifetime.
If you have any questions please contact the Gould & Lamb Client Services Department at (866) 672-3453 (MSA-FILE) between 8:30 am and 7:00pm EST Monday through Friday.
