Economic Damages Analysis

Economic Damages Analysis

RPC provides attorneys and their clients with expert services in analyzing economic damages, including personal injury, business and healthcare litigation. We work closely with attorneys to understand the issues in the case and to determine what analysis within our areas of expertise will help the judge or jury answer questions regarding liability and damages.

For either medical or vocational damages it is necessary to calculate damages in future dollars and then discount these future damages to present value as of the time of trial. We compute different inflation rates for specific goods, services and wages. Our procedures ensure consistency between the inflation and discount rates used. The time series data used in these calculations of damages are continuously updated as government agencies publish new statistics.

RPC has large-scale data management resources including hardware, software and expert staff, which enables us to analyze large data files.

RPC accounting, economic, clinical, life care planning, and vocational evaluation professionals provide an integrated damages analysis. Our interdisciplinary team works closely with litigators, from discovery to mediation to trial in order to understand the case, develop an independent analysis of it and provide a professional critique of the work of the experts retained by other parties to the litigation.

Dr. Ronald Luke and his colleagues have been accepted as experts in federal and state courts and by administrative agencies. They understand the high standards for admissible expert witness testimony and carefully document the data, assumptions and analytic methods that form the basis for any opinions offered. RPC’s expert reports and expert witness testimony educate the parties, the judge and the jury on the issues we have been asked to address. Using written documents, the spoken word and graphic materials, RPC communicates complex facts clearly and succinctly.

Personal Injury Litigation

RPC provides plaintiff and defense attorneys with expert consulting and testimony in personal injury litigation. Our services include life care plans, analysis of lost earning capacity, vocational analysis, business valuation, and medical records rev… Read More

Life Care Plans

The cost of future health care is often the largest component of economic damages in personal injury cases. Quantifying these damages for a jury requires a life care plan — a detailed analysis of the type, quantity, timing and cost of the injured p… Read More

Loss of Earning Capacity Studies

RPC provides analysis of loss of earning capacity in personal injury cases and damages in wrongful death cases. To calculate these losses, we gather available personal information, current government statistics and research, and income and benefit tr… Read More

Vocational Evaluations

Lost earnings and lost earning capacity are often a major component of the economic damages in a personal injury case. The process for calculating loss of earning capacity requires first determining pre-injury earning capacity and then determining po… Read More

Calculation of Present Value of Damages

For either medical or vocational damages it is necessary to calculate damages in future dollars and then discount these future damages to present value as of the time of trial. RPC has expert economists who are able to bring all damages calculations… Read More

Independent Medical Examinations

Life Care Plans, Vocational Evaluations, and Loss of Earning Capacity analysis depend on medical opinions. A Life Care Plan is based on a physician’s opinions on the injured party’s future medical needs. A Vocational Evaluation depends on a physi… Read More

Healthcare Litigation

In healthcare, in addition to Personal Injury and Certificate of Need work, we have participated in cases on behalf of hospitals, physicians, nursing homes, insurance carriers, and government agencies to address a wide range of healthcare liability… Read More

Payment Disputes

Payment disputes frequently arise between healthcare providers and health insurance plans. Some disputes are covered by contracts between the parties. Others are governed by state laws. Others arise because of the lack of any black-letter law determi… Read More

Medical Staff Disputes

A variety of situations can give rise to disputes between hospitals and physicians or between individual physicians and physician practices. Physicians may protest denial or loss of medical staff privileges, or what they see as interference with thei… Read More

Health Facility Construction Disputes

Hospitals and other health facilities are usually more complex to construct than other buildings of similar size. They must meet more stringent local, state and federal standards. Their air handling, plumbing and electrical systems are far more compl… Read More

Commercial Litigation

RPC has provided commercial litigation support covering many industries, including economic analyses in litigation matters concerning companies in the chemical, petroleum, technology, automotive, waste management, water resources, nuclear power, and… Read More

Commercial Economic Damages

The techniques for analysis of economic damages in commercial litigation vary widely depending on the facts of the case. RPC provides the litigator with a team of experts in economics, statistics, accounting, valuation, and financial analysis that… Read More

Forensic Accounting

RPC provides forensic accounting to businesses, healthcare systems, non-profit organizations, governmental agencies, and the law firms that represent them. Our professionals are experts at analyzing complex financial data efficiently and communicatin… Read More

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