How does Settlement Repository™ help with settlement negotiations?
Settlement Repository™ equips attorneys with data-backed benchmarks for similar cases, ensuring they approach negotiations with accurate valuations and adjuster-specific insights.
What specific data does the Settlement Repository™ analyze?
The repository analyzes case details like ICD/CPT codes, policy limits, geographic location, and medical expenses to generate tailored settlement estimates.
How often is Settlement Repository™ data updated?
The repository is updated quarterly, ensuring the data remains current and reflective of recent trends.
Can Settlement Repository™ data be shared across teams?
Settlement Repository™ is designed to be accessible to teams, enabling collaborative case preparation and unified strategies during negotiations.
What are the requirements to use the Settlement Repository™?
A minimum of 2,000 settlements in the past five years is needed to access Settlement Repository and our tailored valuation tools. We only support Settlement Repository ingestion for existing CMS integrations including Litify and SmartAdvocate.
Which aspects of Settlement Repository™ can be customized?
You can customize your searches by filtering based on injuries, treatments, policy limits, jurisdiction, and more than a dozen other criteria. Custom filtering options are available to fit specific case needs.
How do I tailor my searches for settlement data?
Within the Settlement Repository™, use filters such as injury type, treatment received, policy limits, adjuster name, and case jurisdiction to narrow down to find the most on-point historical data.
How do I generate an estimate?
To generate an estimate, input case details such as injury type or case description repository’s search tool. The system will compare your case with similar historical settlements and generate an estimate based on the outcomes of comparable cases. The system will also identify the most similar prior settlements, including flagging the highest-value prior settlement that is similar to your search criteria.
How does EvenUp’s Piai™-powered database support settlements?
Piai™ is EvenUp’s proprietary AI model, trained on the most comprehensive dataset in personal injury law. Our Piai™-powered database analyzes historical settlement data across numerous relevancy and similarity criteria to provide benchmarks based on similar case qualities such as injuries, treatments, and case characteristics.
What is the Highest Value Similar Settlement widget?
For customers with Settlement Repository™, this widget will populate the most similar settled case of the highest value. The Highest Value Similar Settlement widget will only appear on the case view after a demand has been completed. Additionally, users can quickly access a pre-programmed Settlement Repository search for your case by clicking “View in Detail.” This will bring you to the underlying Settlement Repository search where you can see a similar case in more detail and further refine the search as needed.
