Valuation of Injury and Illness For the support of litigation related to medical
needs
Litigation involving an injury or illness often involves an assessment of medical needs, with medical costs being the most immediate and apparent. Expert evaluation is necessary to evaluate and verify medical care component costs and assess the complete direct and indirect economic costs associated with an illness or injury.
In determining the appropriate cost of an illness or injury, IHS uses its state-of-the-art cost of illness (COI) methodology. The methods of quantification of medical and non-medical costs are often used in other health economic analyses and are applicable in legal proceedings. IHS’s analyses encompass all elements of the cost of injury/illness by including all direct and indirect costs.
Identify and Determine Cost Components
Treatment options
Treatment and outcome probabilities
Evaluate Costs
Direct Costs
Medical Care
Hospitalization
Drug Costs
Physician Visits
Rehabilitation
Indirect Costs
Lost time from work/normal activities
Reduced earnings potential
Psychosocial impact of injury/illness
Present value to summarize costs of illness/injury
