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Posted 07-08-2017 2:47:44 AM
Medical Funding Services | Medical Lien Funding - Medical Funding Specialists
 

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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