Calculating damages is often the most critical part of building a strong case in medical malpractice cases. Economic experts help law firms quantify the financial and emotional toll experienced by plaintiffs, providing data and analysis to support claims. Their evaluations focus on two primary categories: economic and non-economic damages. By understanding these, attorneys can better advocate for their clients.

Economic Damages

Economic damages refer to measurable financial losses caused by medical malpractice. These damages are often the easiest to calculate because they rely on documented expenses, lost income, and projections for future costs.

One of the most important components of economic damages is medical expenses. This includes all costs related to care caused by the malpractice, such as hospital stays, surgeries, medications, and physical therapy. Experts also estimate future costs, factoring in inflation, life expectancy, and the ongoing need for care, including home healthcare or medical equipment.

Lost wages and diminished earning capacity are another key focus. Experts calculate the immediate and long-term financial impact if a plaintiff cannot return to work or faces reduced earning potential. They consider factors like the plaintiff’s age, career trajectory, and industry trends. For example, a younger plaintiff may have decades of lost earning capacity, while someone near retirement may face fewer years of lost income but may still require accommodation costs.

Economic damages also extend to household contributions. Plaintiffs may no longer be able to perform tasks like childcare or home maintenance, requiring paid assistance. Experts evaluate the market cost for these services, ensuring that plaintiffs are compensated for every aspect of their financial loss.

Non-Economic Damages

While more challenging to quantify, non-economic damages are essential to reflecting the full extent of a plaintiff’s suffering. These damages account for medical malpractice’s emotional and physical impact, which can often outweigh financial losses.

Pain and suffering form a significant part of non-economic damages. Plaintiffs may endure chronic pain, emotional distress, or loss of mobility. Experts often frame these damages by illustrating how the plaintiff’s quality of life has changed. For example, if a plaintiff once enjoyed an active lifestyle but now faces permanent physical limitations, these changes are factored into the analysis.

Loss of consortium is another area experts help to address. This refers to the impact on relationships, including the inability to provide emotional support or participate in family life as before. While inherently subjective, economic experts can draw on similar cases and legal precedents to provide a structured evaluation.

In some jurisdictions, caps on non-economic damages may apply. Economic experts work with attorneys to ensure these limits are addressed while maximizing the presentation of the plaintiff’s intangible losses.

How Expert Consultants Can Help?

Expert consultants play a crucial role in strengthening medical malpractice cases. Their objective analysis provides attorneys with credible, data-backed insights into both economic and non-economic damages. These professionals go beyond simply crunching numbers—they offer a detailed understanding of the financial implications of malpractice, ensuring no aspect of a plaintiff’s losses is overlooked.

One key way consultants help is by translating complex financial data into clear, persuasive testimony. For example, they break down future medical costs or lost earning capacity into projections that juries or opposing counsel can easily understand. Their ability to simplify these calculations while maintaining accuracy can be pivotal in securing fair compensation.

Consultants also assist in settlement negotiations by providing accurate damage estimates. These estimates strengthen attorneys’ positions to advocate for their clients during mediation or pre-trial discussions. Additionally, their expertise helps law firms navigate challenges like addressing caps on damages or complying with jurisdiction-specific rules.

The Dallas Economic Experts at Thomas Roney LLC Help Boost Your Case

Medical malpractice cases demand precision and expertise when evaluating damages. At Thomas Roney LLC, our Dallas economic experts have the knowledge and experience to support your law firm’s success in these complex cases. Contact us at 817-733-6333 or online to schedule your free consultation with our experienced team. With offices in Fort Worth, Dallas, and Houston, Texas, and Atlanta, Georgia, we serve clients in Denver, Colorado, Louisville, Kentucky, and Nashville, Tennessee.