DARTSDecision Analysis Reserve and Trial Strategy
Is there a better way to set more accurate case reserves and enrich trial strategies?
The answer is YES:
First developed and successfully applied in-house at Stanford University Medical Network, DARTS leverages your case expertise to provide you with the confidence that you’re making the highest possible quality decisions around case valuation and litigation strategies, even under uncertainty.
Most case-reserving strategies look at the big picture and fail to quantify how each specific detail impacts case value. No two cases are alike and case-reserve strategies that are based on historical experience and jury verdicts can miss the mark … badly.
Over-reserving needlessly restricts limited resources, while under-reserving can negatively impact the bottom line of the entire organization.
DARTS bolsters the experience and expertise of claim handlers by guiding them through a structured decision-making process. It offers a dependable, scientific approach that will lend confidence to the reserve-setting process by accounting for all of the variables in a case as well as how they interact, giving your organization a more accurate reserve.
Information is power. DARTS is a tool that collects all information that’s available around a case and then scientifically identifies and quantifies its major issues while also providing unparalleled clarity and comprehensive understanding. DARTS leverages standard litigation strategy with an interactive dialogue around case insight, enhancing and enriching your position to strategize and negotiate.
Through the DARTS process, your organization will have a holistic understanding of the case as well as all cost/benefit variables. Your organization will also retain the ability to design and achieve its own desired final outcome, whether your claim strategy goal is to have a successful trial win rate, protect an institution or healthcare provider’s reputation, set legal precedent, or improve patient safety or any other stated goal or objective.
The Science of DARTS:
The DARTS Process:
To inform reserve setting and trial strategy, the DARTS process casts a wide net to gather all relevant information about your specific case: facts of the case, veracity of witnesses, expert opinions, applicable laws and any other information that may impact the ultimate claim value.
- Provides a comprehensive and early assessment of the exposure in each case.
- Gives simple and structured guidance for setting an accurate reserve.
- Offers a clear picture for understanding and communicating potential risks and issues.
- Outlines all cost/benefit variables.
- Presents extensive, defensible insight into the reserve-setting process.
- Leverages the strengths of decision-makers while addressing potential biases.
- Utilizes proprietary TRA Stanford software.
- Delivers a cost-effective solution that can pay for itself after just one critical case.