By taking advantage of the core competency of a full service medical funding company, medical providers can receive prompt payment for aging personal injury accounts receivable. By adopting this cash management strategy you will also reduce the inherent administrative costs associated with tracking these cases, thus increasing your bottom line. This frees your practice from the hassle of vetting, tracking and pursuing collections on your personal injury cases, allowing you to concentrate on what you do best, caring for your patients.
From a medical provider’s standpoint the risk involved with accepting a Letter of Protection (LOP) for third party liability medical services is often just too risky. Why accept the risk of non-payment when working with a medical funding company, like HMR Funding, can guarantee prompt fair payment and free the medical provider from the stress of having to wait months, if not years, for the underlying legal case to close?
Here’s the catch 22: Jane is unable to pay for the medical care she may need; but because she cannot afford to seek medical treatment, she may not be able to prove the extent of her injuries in order for her attorney to fight for the fair settlement she deserves. That is a tough situation for someone who was injured at no fault of her own.
So what are Jane’s options?
This was a tough premises liability case where my client fell and struck his head on the hard floor sustaining a traumatic brain injury (TBI).
When I was first introduced to this client he was both irrational and suicidal. As a result of his most recent head trauma he was suffering from forgetfulness, his personality adversely changed as he was even more easily upset than usual. He was depressed all the time, his vision was blurred and he was very sensitive to light – therefore he was no longer able to umpire baseball games. He had a general feeling of worthlessness. His past medical records showed he attempted to hang himself years earlier so we knew he was of a fragile mental state…
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