In recent years, several forces have coincided to place considerable upward pressure on damage awards. One is the change in how healthcare is delivered, driven by the dramatic increase in the number of people able to access that care.
A 2018 study issued by Johns Hopkins leads one to conclude that the increase in claims litigations may be due, in no small part, to medical error. Against the backdrop of excessive or redundant medical services, improper medical billing, and in some cases outright fraud in the healthcare system, it’s easy to see why tort claims litigation is on the rise.
Insurers have historically struggled with the challenges posed by claims litigation and the threat of attorney involvement. It is no secret that legal costs are difficult to contain. Insurers and hospital systems have responded to these rising cost pressures by pushing for early case assessment strategies and moving to mediation sooner. But the goal remains to control litigation costs.
TD&P Consulting, Inc. (TD&P) expert services assist its clients with the goal of controlling costs throughout the dispute resolution process. Whether we are working with fortune 500 companies, healthcare providers, legal counsels, or individuals, our team provides dispute resolution services designed to minimize the risk of costly litigation.
TD&P offers healthcare analytics solutions that provide tremendous savings for all parties involved.
With accurate risk measurement, low-risk claims can be fast-tracked for settlement. Predictive analytics enables TD&P to provide clients with a precise valuation of medical expenses. And if a client is unable to resolve a case, TD&P’s multi-disciplinary team of forensic accountants, actuaries, economists, attorneys, physicians, reimbursement specialists, and health policy professionals can assist with document discovery, fee schedule and cost analysis, damages analysis, and deposition preparation.
To learn more about Healthcare Disputes and Analytics and get help developing new best practices to deal with any changes, contact TD&P Consuling, Inc. today.