Wednesday, March 12, 2014

How is a Personal Injury Case Value Established

How is a personal injury case value determined?

Usually a case value claim is determined by a formula.

1. What are the injuries themselves?
2. Type of care the client or patient goes through.  The intensity, the frequency and duration of that medical care and at the end of that care is there a permanent impairment to that body part and if so does it require future medical care.

What is the definition of permanent impairment?  A permanent impairment is a medical assessment to the function of a particular body part do to an injury.  this must follow the guidelines of the whole person percentage method.

What is the whole person percentage method?  This is a way to document an injury as a relationship to the whole body.

Here is the definition of impairment rating on Wikipedia - "An impairment rating is a number expressed as a percentage that is intended to represent the degree of an individual's impairment, which is a deviation away from one's normal health status and functionality.[1] Impairment is distinct from disability. An individual's impairment rating is based on the restrictive impact of an impairment, whereas disability is a broader term that describes the consequences one's impairment.[2] Impairment ratings given to an individual by different medical examiners are sometimes problematically inconsistent with each other."

The AMA impairment rating is important because it is an objective finding to the impairment of the body.  It is used worldwide to document impairment and it is the biggest value driver on a personal injury case today. 

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