Because Money Doesn't Grow On Trees...
1st Choice Funding Provides Today's "Financial Bridge" With Innovative Financial Solutions
Medical Lien Portfolio Funding
|
Healthcare Facilities in today's economic and legal climate are facing an ever growing number of financial challenges which individually are exhausting valuable financial resources. Cumulatively however, such challenges present a daunting task for financial solvency as a growing number of medical facilities across the U.S. are searching for economic solutions. While challenges ranging from waning Federal subsidies to rising operational costs are also combined with an economic crunch that is impacting U.S. industries causing significant charitable donations to decline from once charitable contributors. More and more healthcare providers are facing an ever increasing economic pressure to balance the books through a future of economic gloom as medical providers across the board experience the new era in medicine. Let’s look briefly at four areas of concern for medical facilities:1. Rising Operational Costs
2. Federal Funding Cutbacks
3. Declining Charitable Contributions from Once Major Industrial Contributors
4. Federal Statutes Guaranteeing Emergency Care to All Including the Uninsured
Thus Hospital Administration Boards & Administrators themselves often describe today's operational environment as "quite challenging" or "extremely difficult". To date besides collection of the uninsured, a costly process in itself, the only significant alternative medical facilities have utilized comes to light is when litigation is present the Lien Letter of Protection or Medical Lien provides a legal recourse to collection of such patient files.
Despite what has been a traditional means of operation, and what appears to be a financial solution for collection of pending personal injury cases, the Medical Lien or “LLOP” creates actually quite a number of financial issues for the very medical facilities who depend on the revenue these are to generate. Therefore the question remains, “Are Medical Liens providing the revenue there were designed to generate”? Let’s examine briefly Medical Liens and discover the answer.
The list of deficiencies regarding the performance of the Medical Lien for medical providers are many as across the board Medical Liens fail to provide an effective solution. Briefly here’s a topical list which includes the following issues; 1. The Medical Lien Provides No Guarantee of Financial Recovery
2. The Medical Lien Patient Receives Treatment Before Legal Case is Resolved
3. The Medical Lien Provider Often Absorbs LLOP Losses
4. Medical Lien Provider Exhausts Resources Pursuing Patient Assets Without Collection Guarantee
5. If Patient Attorney Elects Not to Honor Medical Lien More Expense is Required to Pursue Damages
6. Medical Lien Insurance Coverage May Prove to Be Insufficient e
7. Medical Lien Providers are "Negotiated With" After Waiting Years to Collect Compensation
By statute the Medical Lien was designed to protects providers at the time collection of insurance proceeds collection is released to the attorney of record, which then the attorney is legally bound to satisfy all liens, with their own first then pending Medical Liens thereafter before providing proceeds to the patient/client. However the facts reveal not all medical liens are honored by the attorney of record, adding to the list of inherent Medical Lien issues medical facilities face. Additionally then medical facilities while complying with fiduciary obligations of providing treatment for uninsured emergency patients, are later coerced into accepting reductions of the accounts and absorbing the loss. Thus it appears even in the best of situations when a Medical Lien is in place, too many healthcare facilities are reluctant to provide additional services under the guise of a Medical Lien because the medical facility is burdened with financial risk with guaranteed expenses. Therefore from a finance and administrative perspective then, the Medical Lien is not an effective solution to resolving the financial crisis healthcare facilities face today.
Absolutely! Welcome to 1st Choice Funding and our innovative program specifically designed to provide the most effective solution for raising capital, increasing cash flow, complying with Federal guidelines of uninsured patient services, and improving profitability. 1st Choice Funding in fact provides the most innovative “Financial Bridge” called
How does the “No Risk” Medical Lien Funding program solve the financial challenges facing medical facilities today? Through an amazing approach to finance, law, government and medicine ever developed. "No Risk" Medical Lien Funding provides operating capital in days vs. years waiting for Medical Lien collections by converting Medical Lien patient files, which could be a liability, into significant cash flow and available practically overnight all absolutely with no financial risk to the medical providers who capitalize on this program! Does the “No Risk” Medical Lien program sound too good to be true? Maybe so but it's not we guarantee it. Here’s how it works…..
With "No Risk" Medical Lien Funding instead of medical institutions absorbing risk and collection liability on pending legal cases, 1st Choice Funding’s investor portfolio provides guaranteed income when it stands in place of the medical provider as we absorb all future financial risk for medical lien patient files. In fact with “No Risk” capital in place, medical providers convert risk into guaranteed revenue, providing medical facilities with a sound business strategy. “No Risk” Medical Lien Funding takes medical providers out of the legal business of assuming RISK and keeps them in the medical business of providing service and receiving compensation for treatment! With “No Risk” Medical Lien Funding, instead risk for collection, risk of underinsured cases, risk for lost cases…..RISK period, our investors business is Risk not yours!
Added to the list of benefits medical facilities capitalize on is this service is provided without application fees or hassle, delay, risk, compromise of regulatory statutes, or future financial recourse of any kind! The facts are clear, when once the “No Risk” Medical Lien Funding Program is in place, new Medical Lien cases continue to provide a ready resource of capital when patient files are converted as services are provided. Patients continue to create positive cash flow as portfolio funding provides ongoing purchase agreements. Now with the superiority of "No Risk" Medical Lien Funding, accepting Medical Liens and absorbing risk are a practice replaced by a far superior method of operation, the "No Risk" method.
Today’s medical providers never again need accept a Lien Letter of Protection or turn away such cases because Medical Lien patient files can now be converted into guaranteed cash flow without risk! Additionally "No Risk" Medical Lien Funding provides a streamlined process where unlike health insurance carriers or governmental agencies, who take months for an accounts payable to be processed, 1st Choice Funding's investors eagerly provide capital so Medical Lien Funding can literally occurs in days vs. months or years because “No Risk” Medical Lien Funding has No “Bureaucratic Red Tape” or “interest earning benefits” like government programs or insurance companies do.
.
The Benefits of the "No Risk" Program Are Clear:
"No Risk" Medical Lien Funding Provides a Cash Infusion From Existing Lien Portfolio
"No Risk" Medical Lien Funding Provides Cash For Ongoing Patient Care
"No Risk" Medical Lien Funding Provides Payment When Services Are Rendered
"No Risk" Medical Lien Funding Increases Business When Attorneys Refer Patients
"No Risk" Medical Lien Funding Eliminates 100% of Risk & Lost Revenue of Unsuccessful Cases
"No Risk" Medical Lien Funding Eliminates “Negotiations” When Cases Settle
"No Risk" Medical Lien Funding Eliminates LLOP Collection Expenses
"No Risk" Medical Lien Funding Eliminates LLOP Management Expenses
"No Risk" Medical Lien Funding Provides Positive Patient Relations
"No Risk" Medical Lien Funding Provides Ongoing Patient Healthcare
"No Risk" Medical Lien Funding Increases Occupancy Rates & Profitability
In order to qualify for "No Risk" Medical Lien Funding, the following minimum case requirements must be met on patient files:
1. Patient is represented by an attorney in an on-going lawsuit
2. Healthcare treatment must be a direct result of injuries sustained in claim
3. Patient must be less than 50% liable
What Types of Legal Cases Qualify For "No Risk" Medical Lien Funding?
Personal Injury Vehicle
Personal Injury Premises
Personal Injury Assault
Personal Injury Slip and fall
Personal Injury Malpractice
Personal Injury Product Liability
Personal Injury Negligence
Personal Injury Workers Compensation Cases
Or Any Personal Injury Case
1. "No Risk" Medical Lien Funding Provides Free Portfolio Evaluations
2. "No Risk" Medical Lien Funding Provides Capital Without Financial Risk
3. "No Risk" Medical Lien Funding Payments Are Received Within Typical Billing Periods
4. "No Risk" Medical Lien Funding Improves Cash Flow
5. "No Risk" Medical Lien Funding is Provided Without Bureaucratic Red Tape
6. "No Risk" Medical Lien Funding Is Provided When Services Are Provided
7. "No Risk" Medical Lien Funding Provides Cash Flow Without Time Consuming Forms Processing
8. "No Risk" Medical Lien Funding Eliminates Expenses in Tracking Medical Liens
9. "No Risk" Medical Lien Funding Eliminates Expenses Collecting Medical Liens
10. "No Risk" Medical Lien Funding Means No Expense Enforcing Medical Liens
11. "No Risk" Medical Lien Funding Means Absolutely No Medical Lien Write Offs
.
|
|
|
| |
