Diagnostic Center Accounts Receivable: Important Details That You Should Know

When choosing a company to provide medical lien funding for your diagnostic center, it’s important to work with a diagnostic center accounts receivable financing company that understands the sensitive nature of the relationships that exist between your center and the referring attorneys and physicians. If the funding process is not handled with care, it can severely damage these relationships, negatively impacting your center’s future referrals.

Med-Care Solutions creates a partnership with our clients that not only provides funding, but also helps them avoid some of the pitfalls that exist in the diagnostic center accounts receivable financing field. As a Med-Care Solutions client you’ll see that we…

• Work closely with the Attorney at the Time of Settlement – Because we are sensitive to the importance of the relationship between your diagnostic center and the referring attorney, we are also sensitive to the attorney’s needs. For example, many other diagnostic center accounts receivable financing companies will always hold out for full reimbursement in every case. In contrast, Med-Care will work closely with the attorney at the time of settlement to help get the case settled in a way that is equitable to all.
• Provide Fast Approvals – As a leader in medical lien funding, Med-Care understands the importance of swift approvals. Not only does this ensure that the treating physician does not take the patient to a different facility, it also avoids delaying a needed procedure or the risk that the patient will not receive proper treatment at all.
• Offer a Convenient Account Management System – You’ll never be kept in the dark regarding where your diagnostic center accounts receivable financing cases stand. Med-Care’s account management system tracks all of the open cases which you have submitted for medical lien funding. The process provides quick access to the status of each account, including where it stands in the approval process and when your payment will be or was issued.

Med-Care Solutions: Providing Excellent Diagnostic Center Accounts Receivable Financing

Med-Care Solutions is a solid business with a solid reputation that has been providing medical lien funding, a specialized type of diagnostic center accounts receivable financing, for about a decade. Med-Care Solutions has been in business since 2003, and few other companies have comparable institutional knowledge for diagnostic center accounts receivable financing and administering complex medical-legal cases.

Med-Care Solutions specializes in purchasing personal injury receivables, workers comp receivables and other lien-based A/R. We offer a turnkey solution for your diagnostic center and patients based on quick approval and funding of lien-based receivables. Selling LOP receivables to Med-Care enables victims of personal injury accidents to get the diagnostic procedures they need, while your center can…

1. Eliminate Collection Risks – Your lien-based receivables are purchased without recourse. If a lien ultimately is not collectable, Med-Care Solutions assumes the entire loss.
2. Accelerate Cash Flow – Your PI lien/letter of protection receivables are funded in just 30 days. No waiting, no hassles!
3. Reduce Costs – We’ll take all the administrative, billing, and collection functions associated with lien-based receivables off your hands – an easy way for you to finance medical diagnostics for your patients.
4. Increase Market Share – Accept patients that you may have otherwise refused. Obtain quick approvals for all types of personal injury cases, including motor vehicle accidents (MVAs), dog bites, slip and fall, premises liability cases, defective/faulty product accidents, and more.

Med-Care Solutions offer the best lien-based diagnostic center accounts receivable financing, enabling you to accept personal injury liens while remaining free from risks and hassles.

Improving Services with Diagnostic Center Accounts Receivable Financing

How much of your diagnostic center accounts receivable is made up of medical lien and LOP cases? How is this impacting your cash flow? Can your diagnostic center afford to wait months or years for reimbursement of Lien-Based A/R? Few can – and that is why so many diagnostic centers are apprehensive of accepting patients on a Lien or Letter of Protection basis. Keeping these liens means increasing your Average Days Out and shouldering the overhead while taking significant reductions or hoping a court case will be decided in your favor. By selling workers’ comp receivables and other lien-based A/R you can avoid these issues and get the immediate diagnostic center accounts receivable financing for your Center that you need.

To learn more, call Med-Care Solutions at 1-877-309-3111.

Related Pages:

Physician Financing

Hospital Accounts Receivable

Surgery Financing

Medical Financing

Quick and Easy Case Approvals Tired of spending countless hours calling attorneys' office to obtain the information you need to approve or deny a case? Call Med-Care Solutions. With one simple request we will do all of this work for you, and then send your scheduling department the approval.

Little to No Paperwork After you receive the approval, we will obtain all of the LOP or Lien documents from the attorney - freeing you from the tedious job of making daily calls to the attorney's office to try to track this paperwork down.

Fast Reimbursement Once the procedure is performed simply forward the billing, documents and related medical records to us and we will issue your check within two weeks.