In addition to determining whether your physician’s actions are liable for your injuries, a medical malpractice lawsuit may also require financial experts. The financial experts may require the use of graphics and charts to prove your claim. If they are necessary, you may want to hire a professional to create the graphics and charts. In addition to providing a visual representation of your case, financial experts may also determine the exact value of your damages, including past and future lost income.
To determine whether you have a case, you will need to know the costs involved. Initial consultations with medical experts cost anywhere from $500 to $3,000, depending on the complexity of the case. Court filing fees and copying fees will range from $100 to $500. The lawyer’s percentage of your recovery must be calculated before you reimburse yourself for any medical bills. A medical malpractice lawsuit can involve complex and expensive medical records.
In New York, medical malpractice litigation is very common. Most medical malpractice lawyers charge a “contingency fee,” meaning that they only receive payment if they win your case. This means that the legal fees will vary according to the size of the settlement or judgment obtained. In New York, however, most medical malpractice attorneys work on a contingency fee basis, so the amount of their fee will be based on the size of your settlement or judgment.
A medical malpractice lawsuit can result in several different outcomes. For example, a doctor may misdiagnose a patient’s food allergy as cancer. If the misdiagnosis occurs due to negligence, the patient may not receive the right treatment and their cancer may spread. In these situations, a patient can pursue damages against the physician, pathologist, or the hospital that employed the medical professionals. So, depending on the circumstances, a medical malpractice lawsuit may be worth the cost.
One woman won a $4,800,000 verdict against a physician in New York. Her doctor was negligent in failing to diagnose her bowel obstruction, causing her to develop systemic infections, multiple surgeries, and the need for a kidney transplant. Another woman received a $3,375,000 settlement after he died on the operating table during a back surgery. She died as a result of her doctor’s negligence.
Most medical malpractice cases are settled out of court. The legislature has worked to streamline pretrial arbitration and make it more cost-effective than formal litigation. In fact, Vermont settles 98% of its malpractice claims through arbitration. In addition, the state mandates pre-trial review by an arbitration screening panel, which is an important step in reducing medical malpractice lawsuits. However, this does not apply to every state.
Another alternative for those who worry about the financial costs of medical malpractice litigation is to hire a lawyer. Attorneys will typically cover the costs of the lawsuit because they take a percentage of the compensation they obtain on your behalf. This will save you money in the long run. When you consider the financial risks of bringing a medical malpractice lawsuit, it is wise to seek out contingency fees. While these fees can seem prohibitive, they can actually save you a substantial amount of money.