Here’s How a Top-10 Children’s Medical Center Achieves Substantial Savings with Elite

Problem:  A major children’s medical center wanted to improve the quality of their medical experts while reducing the exorbitant cost to align and manage them.

Solution: Elite integrated with the hospital’s Risk Management team and streamlined access to top-tier medical experts. We also built processes for reviewing expert candidates, managing experts, working with outside counsel, and invoicing.

Outcome:  Here’s what the hospital’s Risk Management Director (an RN-JD) had to say:

  • “We are seeing high quality experts with exceptional credentials and experience. This has replaced our ‘panel’ of experts with a fresh set of eyes.”
  • “Before Elite, it wasn’t unusual to be billed $3,000 to secure one expert, with additional fees to manage experts and secure HIPAA and BA agreements. Elite slashed the fee to secure experts, and doesn’t charge for the paperwork.”
  • “Pre and post Elite, experts are now spending less time reviewing cases. Long gone are the surprise invoices for experts spending 10-20 hours on simple case reviews.  In the past, these invoices were often just paid. By implementing front-end approval, most experts fall within the allotted 3-hour retainer, and additional hours are reasonable.”
  • “Having Elite negotiate the rates on the front end provides uniformity among like specialties. It also takes the hospital and defense attorneys out of the equation and preserves long-standing relationships with experts.”
  • “The biggest unexpected ‘ROI’ has been proactive management of reputational risk. For example, a law firm researched 205 experts and cold called 62 about reviewing a case. How does that affect our reputation among our physician colleagues and recruits?”

EXAMPLE:

A case with 4 experts settles after two years of litigation

  • Average overbilling of 8 hours at $700/hour:  (-$22,400)
  • One expert eliminated by MSJ:  (-$14,400)
  • Total wasted expenditure (including attorney costs):  (-$36,800)
  • Loss on 10 cases per year:  (-$368,000)

Alternative: Implement a proactive expert management system with Elite Medical Experts.

NEED AN EXPERT NOW?

A Case Strategist will respond right away:

How can your hospital reduce risk and save hundreds of thousands of dollars on experts?

Contact Elite Medical Experts to learn more.

HIRING THE RIGHT EXPERT WITNESS IS CRUCIAL TO THE SUCCESS OF YOUR CASE!

ELITE MEDICAL EXPERTS

We secure top-tier university physicians for litigation and consulting. Each expert is a Professor of Medicine or Surgery with a full-time practice, Board-certification, and spotless credentials. Combined with unparalleled strategic support, we solve our clients’ toughest challenges.

Get the right expert.

The first time.

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