LCA creates customized settlement plans to fund a Life Care Plan. Through its software, LCA can modify key assumptions in the Life Care Plan to illustrate the impact of these changes on valuation.
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Over the past decade, the healthcare industry has effectively utilized advanced analytics to determine items such as the cost of care for patients, quality scores for providers, and the quantification of risk. LCA uses these same techniques to analyze risk for catastrophic personal injury claims.
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Having a winning negotiation strategy for a complex personal injury claim is critical. LCA can help you develop a data-driven negotiation strategy that can help you obtain an optimal outcome.
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A key element in the LCA evaluation is market-based pricing for risk transfer. This is done through a competitively priced structured settlement. LCA works with your chosen structured settlement consultant to optimize the financial return of the underlying annuity. This becomes the foundation of the offer/demand and provides the required 3rd party validation of the economics.
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Life Care Analytics creates two key deliverables. The first is care and cost analysis report that contains the following key sections:
Full Report
Stage Summary Report
Sample Detailed Demand/Offer
Through DIVA (Data Integration and Valuation Analysis), LCA also creates a stage summary report that outlines different settlement scenarios based on altering the mix of attendant care and the number of hours of care needed.
