Medical Funding is
a great value that has received positive feedback from Medical Care Providers,
Attorneys and Clients.
The process to
obtain Medical Funding is simple. The client will first need a recommendation
from the Provider and a cost estimate. The Attorney will
need to provide a few case details and then a check is made payable to the
provider once the case has been approved through the lender. A lien will then
be placed against the case. Should the case be unsuccessful for any reason no
money is owed by any of the involved parties. The Medical treatment is then preformed
and the Plaintiff will be feeling much better.
Most of the
personal injury (including auto accidents) lawsuit plaintiffs, do not realize
that they can qualify for easy non-recourse Personal Injury Medical, Surgical
and Hospital Financing. With the help of Medical and Surgery cash financing,
they can take care of their immediate medical care, surgical treatment and
hospital stay needs. Best part is, they pay back only if they win the lawsuit.
Medical, Surgery
and Hospital Financing is a new and unique form of personal injury lawsuit
funding or financing. Medical, Surgery and Hospital financing gives personal
injury lawsuit plaintiffs the financial means to pay their medical provider,
while the advance financing provider assumes the risk of repayment. Medical and
Surgery Financing provider takes all the risk associated with advancing cash on
lawsuit case and medical care and surgical treatment.
Because of the
unique client billing structure in the healthcare industry, medical accounts
receivable factoring is a special case of accounts receivable factoring. It is
rare for patients to pay cash in the healthcare industry. The patients are the
clients or the customers of healthcare facilities, but they often do not pay
the facilities they visit. Get here Personal Injury Funding
When you go to the
hospital and are provided service, you typically hand the facilities your
insurance card.
The healthcare
facilities then bill either your private insurance provider or the government
if you have Medicare or Medicaid. Because of this third party billing
structure, there are several nuances involved, and therefore specialized
medical accounts receivable factoring companies who provide healthcare
facilities factoring services.
The underlying
issue here is that there is a long delay between the time when a healthcare
facility provides patient care to the time the facility is paid by the
insurance company. The process involves a lot of red tape to say the least, and
involves a long time thus affecting a healthcare business' cash flows. Thanks
to medical accounts receivable financing companies, healthcare facilities can
accelerate their cash flows through funding of medical receivables.
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