The first is economic damages (often referred to as special damages), and the second is non-economic damages (often referred to as general damages).īased on this information, an inexact formula would be as follows: Lawyers usually separate damages into two categories.
Yet, there are general guidelines that most medical malpractice claims follow. Due to these differences, there’s no exact formula for calculating medical malpractice claims. Their health, career, and fringe benefit resources affect the claim’s final value. The same injury can affect two people in drastically different ways. Is there a formula for calculating economic damages in medical malpractice settlements?Įvery medical malpractice claim is unique. In this article, we’ll outline how we calculate medical malpractice economic damages.
Knowing the potential compensation of this arduous process often helps to ease concerns.Īs professional forensic economists, the Knowles Group can help determine the value of malpractice special damages and provide expert witness testimony to support your case. The event and possible financial pressure can impact the claimant’s mental health. On top of a life-changing injury, they potentially now face the financial pressure of medical bills and lost wages. Once a victim begins the legal process, their primary concern is knowing what their case is worth. Such deviations from clinical protocol have irreversible consequences, often including wrongful death cases. Medical malpractice occurs when a medical professional (or facility) causes preventable patient injury.