What are value drivers?

Value Drivers are $Money$

A value driver is any information that is used by insurers' software to put a dollar figure on your claim (e.g. injuries and their codes, treatment, duration of treatment, complaints, impairment, loss of enjoyment, etc.).

More often than not, a doctor will write about injuries in his/her report that he/she doesn't include in the diagnosis. For example a doctor may mention in his/her records that the patient/client has a bruise on his/her chest from the seatbelt. That is an injury. Adjusters don't have time to hunt through every claimant's medical records. If an injury is mentioned at all in the medical records, IT MUST BE DOCUMENTED IN THE DEMAND LETTER. Every injury is a value driver, and value drivers compound... making for a larger settlement! Every injury client should have as many injuries and injury codes as possible in their demand letter. There are several common injuries that should be in almost every demand letter. As mentioned above, ICD-9 922.1 - Chest Wall Contusion. If your client sustained a chest bruise from the seatbelt, it isn't too far of a stretch to suggest that she/he probably also sustained a bruised abdomen. ICD-9 922.2 Abdominal Wall Contusion.

It is in your and your client's best interest to make sure that the adjuster has all value drivers ready and easy to input to maximize settlement dollar amount.

I have read thousands of medical records and have written hundreds of demand letters and I can easily spot injuries and complaints, pull them out of the records, and assign codes to them to maximize your client's recovery. (More money for you and your client!)

Is Great Demands Cost-Effective? Absolutely!

For a high volume practice, outsourcing the preparation of your injury settlement packages can be extremely cost-effective. Let's assume that the average cost of a settlement package prepared by us is $400. Let's also assume that your office prepares 50 to 100 demand packages for motor vehicle injury claims each year. Our services would cost you $20,000-$40,000 over the course of a year. That is less than the salary alone for one good full-time paralegal. The savings are even greater when you consider the cost of health insurance, vacation and sick pay, and other benefits. Use of our service also frees up valuable paralegal and attorney time for other tasks.

For a low volume practice (e.g. a solo attorney with limited or no support staff, or an attorney who only occasionally handles an injury claim) outsourcing the preparation of your injury settlement packages can also be extremely cost-effective. Let's assume that the average cost of a settlement package prepared by us is $400. If your average billing rate is $200 per hour, you would have to spend no more than two hours on the preparation of a settlement package to be more cost-effective than our service.

For more information go to www.GreatDemands.com

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Great Demands prepares demand letters for personal injury lawyers and their clients. Our demand letters are written to address the requirements of Colossus and other claims evaluation software. They are in a format that makes it easy for the adjuster to input the necessary information, therefore ensuring that all critical value drivers are entered to increase your client's claim. The demand letter is written and all supporting documents, such as police report, property damage report, medical bills, and medical records, are organized into an attractive demand package. The original demand package is then sent to the attorney for submission to the adjuster.