2024 Session 13

Shirley Daugherty

Shirley Daugherty

MSN, FNP-C, CNLCP®, CHLCP, MSCC

Erin OConnell

Erin OConnell

MSN, MBA, RN, CNL, CNLCP®, CCM, MSCC
April Pettengill

April Pettengill

CRRN, CDMS, CNLCP, MSCC, CBIS

Allison Schnieder

Allison Schnieders

JD
Chief Compliance Officer at FAIR Health

Costing Panel

Although the court system ultimately determines the admissibility of testimony, costing in life care planning remains a fiercely debated and frequently disputed process among life care planners. In the early stages of life care planning, it was generally accepted that making three calls to providers was the “best” way to determine costs for items in the plan. Since then, national databases have been developed and evolved to emerge as a standard for cost estimation. Each database employs a distinct methodology to ascertain its figures and percentiles. The panel will explore various costing methods, databases used, and evaluate the advantages and disadvantages of each.

Objectives

  • Identify different costing methods and databases. Identify the most frequently used databases and the pros and cons of each
  • Describe what a database is and, generally, how they are developed
  • Define percentiles. Describe how percentiles compare to actual billing

Speaker Evaluation