9. Healthcare Liens (Part 3)
Participating in a Mass Tort Settlement
•
5m 26s
9/12 - In our previous two videos regarding liens we explored the basic principles through which healthcare insurance liens are verified and resolved. We also discussed why it takes so long to resolve healthcare liens. We will now discuss the concept of lien “holdbacks” as a tool that is often used in Mass Tort Settlement programs to help balance the need to comply with the laws and the complex procedures regarding liens while accommodating the very real need to get settlement proceeds as quickly as possible in the hands of the injured plaintiffs.
The presenter and writer of the program, Matt Garretson, has spent 25 years of his life helping to design and administer large scale settlement programs, such as the World Trade Center First Responders, the BP Oil Spill, several Sexual Abuse settlements involving universities and religious organization and dozens of settlements involving pharmaceuticals and medical devices. He is the author of the textbook titled, “Negotiating and Settling Tort Cases,” that lays out how settlement programs should operate.
Up Next in Participating in a Mass Tort Settlement
-
10. Allocation Methodologies
10/12 - To accommodate for the uniqueness of each plaintiff’s injuries and damages, typically an “Allocation” or “Compensation” methodology is created, and a Special Master is typically appointed to apply that Methodology. In this program we will discuss how individual settlement amounts are dete...
-
11. Types of Allocation Methodology S...
11/12 - In the previous video we also introduced the concept that there are typically two types of Allocation Methodology systems. The first being a “grid” or “matrix” and the second being a “point system”. Let’s dive into each of these systems.
The presenter and writer of the program, Matt Ga...
-
12. Typical Mass Tort Settlement Time...
12/12 - Finally, we move into the question that is probably the most important one: How long will it take? In this program we walk through the settlement process timeline and what can be expected.
The presenter and writer of the program, Matt Garretson, has spent 25 years of his life helping t...
