Paragon Analytics, LLC has discovered and developed proprietary, highly effective AI and data analytics technologies to generate high value mass tort legal cases. Except for our affiliate law firms, mass tort law firms spend several thousands of dollars to obtain a valid case – e.g., Roundup cases cost approximately $5,250, and mesothelioma cases cost in excess of $100,000. Many of the cases acquired are low value, in that the bodily harm suffered by the injured party is insignificant. This leads to a low settlement, since settlement values are to a substantial extent are based on the severity of the injury. Paragon can focus solely on obtaining high vale cases, such as permanent disability and wrongful death.
Our data mining techniques have been used for more than 25 years for a completely different purpose, and we have implemented these exact techniques for a different purpose, namely to obtain mass tort clients. There is no other company in the world that is able to generate — on a consistent basis — mass tort clients using any AI or data mining technology. No company other than Paragon can generate literally thousands of valid cases a month. Our techniques comply with all federal and state medical data privacy laws, including HIPAA and HITECH.
Our techniques allow us to reach prospects who will not respond to other marketing channels, such as television and Facebook ads. Anecdotal evidence for historical case types (which have been settled years ago and thus are no longer valid claims) indicate that approximately six out of seven people who could file a claim (i.e., they meet all of the settlement criteria which were negotiated with the defendant/manufacturer) do not in fact do so. Our outbound telemarketing allows us to reach those 86 percent that will never respond to any advertising, no matter how many tens of millions of dollars in advertising are spent by mass tort law firms.
Our management team includes individuals who have co-founded a successful mass tort law firm; a data scientist who studied statistics and data mining as a graduate student at Harvard University; a medical coding professional with over 27 years of experience and four medical coding certifications; an IT and AI architect with more than 30 years of experience; and an information technology professional who has spoken at national conferences and has co-authored two technical books published by Microsoft Press.
We are currently raising capital from accredited investors, offering very high returns relative to risk.