Cost Projections
Caregivers and insurance companies often request cost projections to identify what is needed to care for the patient now and set reserves in place to care for the patient in the future.
At Medical and Life Care Consulting, we provide two options for projecting cost, a Life Care Plan Projection or a Medical Cost Projection. When completing cost projections, our professionals accurately identify the costs of goods and services needed for the future medical care of your client and base projections on treatments to date by a review of medical records, billing history, and medication usage history.
Diagnoses that may require medical cost projections include, but are not limited to:
- Traumatic brain injury
- Spinal cord injuries
- Amputations
- Failed back syndrome
- Complex regional pain syndrome
- Multiple trauma
- Orthopedic injuries
- Neurological injuries
Life Care Plan Projection
A Life Care Plan Projection includes a chronological review and summary of all medical records from the date of injury or illness to present, itemized, and evidence-based treatment recommendations, including goods and services needed throughout the individual’s lifetime with rationale and the associated cost per recommendation.
A Life Care Plan Projection can be used for setting reserves and is designed to provide a summary of the projected treatment cost.
Medical Cost Projection
A Medical Cost Projection is a review and brief summary of the patient’s injury and treatments to date by reviewing the last two years of the medical records, pharmacy records, and payment records.
A Medical Cost Projection will identify the goods and services needed throughout the patient’s lifetime with the associated costs.
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