Once the data has been submitted to LCA, one of the LCA case managers will enter each line-item of the life care plan as well as all of the other data submitted into DIVA (Data Integration and Valuation Analysis). In addition, LCA will work with the retained structured settlement specialist to obtain validation of each of the age ratings. Integrated into DIVA is a quoting and report platform that can generate the following key deliverables:

• Settlement Proposals/Demands
• Medical Funding Summary
• Medical Funding Detail
• Analytics Expert Affidavit Core (to be validated by analytics expert)
• Structured Settlement Specialist Affidavit Core (to be validated by SSA specialist)

Life Care Analytics is retained by one of the parties in the litigation. There is a base cost of $500 for inputting the base data into DIVA and generating the reports and affidavits. For any depositions or expert witness testimony there is a cost of $450 per hour.

Life Care Analytics will work with the structured settlement specialist of the client’s choosing. If the referring client does not have a structured settlement specialist LCA will provide multiple names from the panelist of partnering structured settlement specialists. The work performed by the structured settlement specialist will be reviewed by the analytics expert. Specifically, a full review of the rated ages and market pricing will be fully vetted to ensure the risk-transfer has occurred at the best possible market rate.

In our experience, sometimes the impact of an offer is lost during the standard negotiating process. Generally, the settlement proposal is better received when you provide a comprehensive breakdown of the proposed settlement and how the net proceeds can be used to help the plaintiff and his/her family. Another ancillary benefit of providing the proposed detail is to subtly highlight the risk of not resolving the case and risking a defense verdict. Lastly, by putting the thought into the settlement proposal you can begin to focus on the human-side of the negotiating process and begin to build goodwill with both the plaintiff and the opposing trial lawyer.

In our experience, providing the level of detail recommended by LCA helps to highlight the economic reality of the pending claim. Typically, in medically complex claims there are medical liens (Medicaid, Medicare, ERISA, private subrogation claims) that legally need to be resolved as part of the settlement. By highlighting these liens and the other non-medical (fees/costs) you will demonstrate the minimum financial threshold required to be cleared before incremental settlement dollars can be used to provide the care for the injury victim. In addition, in the event the case does not resolve, providing the detailed demand will inevitably become part of the claim file and it will be evaluated by the claim committee. The more reasonable the demand and the better it is documented, the harder it is for the claim committee to discount or dismiss the economic reality of the position.

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.

Contact us at info@lifecareanalytics.com to start the process of joining the LCA Panel.