Life Care Analytics

Changing How Future Care is Analyzed and Funded

Life Care Plans (LCP) have always been a staple in the world of catastrophic litigation. The challenge has been understanding the costs of the prescribed LCP and how to fund the future care. Life Care Analytics (LCA) has been developed to address this challenge. LCA has developed a tool named DIVA (Data Integration and Valuation Analysis) that enables the litigation team to manipulate the projected future medical expenses to help develop an optimal negotiating strategy.

Life Care Analytics performs a line by line analysis of LCPs and works with regionally specific care providers to determine cost accuracy and your partnered structured settlement consultant to provide future funding optionality.

ANALYZE YOUR CASE TODAY SCHEDULE A WEBINAR SCHEDULE CONTINUING EDUCATION

There are four fundamental components that impact the value of a Life Care Plan; life expectancy (duration), attendant care, cost of attendant care and future cost adjustments.

Life Expectancy

Because plaintiff and defense LCPs differ greatly in life expectancy, Life Care Analytics works with the leading life insurance companies to analyze the impact of the injuries and medical conditions on the life expectancy of the injury victim. Each life insurance company performs a detailed underwriting process to determine a rated age. The result is an unbiased market-based opinion on the injury victim’s life expectancy.

Attendant Care

The single largest influencer of value for a Life Care Plan for a catastrophic injury victim is the amount and mix of attendant care needed. Life Care Analytics has created a tool to adjust the mix and duration of care to determine the impact on valuation. This can be used to formulate a negotiation strategy to help resolve the claim.

Cost of Attendant Care

The cost of care providers can vary greatly based on geographic location. Life Care Analytics works with local care providers to obtain accurate care pricing from multiple providers. This validation of pricing from independent 3rd party sources helps to validate the LCP financial projections.

Future Cost Adjustments

A key element of the LCA methodology is risk transfer. This is accomplished by integrating a structured settlement into a proposed settlement. The structured settlement provides the required future payments to fund the projected care. The structured settlement can be formatted to address guarantee periods and inflation related assumptions.

As a settlement consultant analyzing and pricing every component of a life care plan can be challenging. Life Care Analytics has developed the technology necessary to slice and dice the data. This has enabled me to develop extremely detailed settlement plans that will enable me to play a more strategic role in the negotiation and case valuation process.

Daniel J. Alvarez, J.D.

We live in an era where $50 million plus verdicts are commonplace. Life Care Analytics was designed to quantify risk and provide the risk management teams and lawyers with the information needed to make better, more informed, decisions. Life Care Analytics simply organizes market based data and presents it to all parties involved in the litigation, so everyone can make risk-adjusted decisions.

Michael Cohen

Life Care Analytics takes your privacy seriously and will always be conservative and responsible with your data. We are currently developing a formal privacy policy based on the market and your feedback which will be available when finalized on this website.