Josh said the defense fought him on the collateral source rule during trial, “they argued like crazy about the bills” and “the judge said there was absolutely nothing improper about the agreements and based on the current state of the law in Louisiana, the arrangements were proper.”

In 2016, motorcyclists were 28 times more likely than passenger car occupants to die in a crash per vehicle mile traveled, and almost 5 times more likely to be injured. There are over 100,000 motorcycle accidents a year…When a motorcyclist wakes up in the hospital, their first question is often how they will pay for their medical bills. Many motorcyclists do not have health insurance. Many others are under-insured with insurance that doesn’t cover all of the post-hospital care they need. Still others have thin coverage with high deductibles, leaving them with huge out-of-pocket costs.

Injured motorcyclist suffered broken bones, internal organ damage, and a traumatic brain injury that put him in a coma for months, even though he was wearing a helmet. He was hospitalized for 14 months and is confined to a wheelchair and in need of 24-hour assistance for the rest of his life. He had no health insurance coverage for the treatment that his medical providers recommended. His medical providers agreed to treat him when HMR Funding became involved.

An estimated 1 in 3 adults with an established credit history — or 77 million people — are so far behind on their debts that their account has been put “in collections.” And statistics support that about half of these collection cases involve debt collectors seeking to collect on unpaid medical debt. This is a highly stressful situation that many plaintiffs in personal injury cases find themselves in.

HMR Funding can help to keep medical debt collectors at bay by paying to purchase the plaintiff’s medical bills and even providing cash for living expenses as they recover from their accident. Plaintiffs who are injured often have no medical insurance or they may have limited funds to pay for the medical care they require. In other situations, they may have health insurance but high insurance deductibles cannot be afforded to pay or policy limits that are too low to provide desperately-needed medical care. We are personal injury medical funding experts and specialize in catastrophic cases, which many funding companies avoid.

We purchase medical accounts receivables associated with personal injury cases, typically where the plaintiff is uninsured or underinsured. We work with medical providers from a variety of specialties related to personal injuries, from imaging, pain management, and physical therapy all the way up to neuropsychologists, orthopedists and spine surgeons. Whether it’s one bill or many medical bills associated with a catastrophic injury, we may be able to purchase these medical bills so the plaintiff can concentrate on recovery and the attorney can concentrate on achieving the best case outcome.

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, could free the medical provider from the stress of having to wait months, if not years, for the underlying legal case to close?

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