Medical Lien Funding
A medical lien doesn’t differ too much from other liens. Say you’re injured in a auto accident and need emergency treatment. The treating hospital, together with the various health care professionals involved with your case, will be very interested in recouping the money spent on your care from any insurance coverage you may have, but perhaps you don’t have medical insurance – or you do, but your coverage is woefully lacking and you’ll still owe the hospital or health care provider money after the insurance policy pays out. Let’s also assume that the event by which you sustained your injury was caused by someone else through no fault of your own, and you have launched a lawsuit in order to acquire compensation for your injuries. This is where the medical lien comes in. The hospital can install a lien against the proceeds of your lawsuit, to ensure the hospital gets paid before you do. Whether or not the hospital or doctor has continued to provide treatment beyond emergency care through a medical lien is not guaranteed, as the health care provider or facility would continue to be treating the patient without getting anything back in return, all the while hoping that the patient’s lawsuit works through the courts in a prudent and efficient manner, so a settlement can be reached and funds advanced to pay the medical lien.
Mecare Solutions specializes in the purchase of current and historical medical liens, specifically personal injury cases and worker’s compensation. We provide medical lien funding options that quickly pays physicians, facilities and hospitals nationwide. Medical lien funding can quickly deliver working capital to your practice. Medcare Solutions quickly monetizes lien-based accounts receivable. We are uniquely positioned to handle receivable communication, collection, and management.
Call Medcare Solutions at 877-909-3111 Today for assistance with your medical lien funding needs.