Hospital Accounts Receivable: Learn about the Benefits of Medical Lien Funding

Tired of Waiting for Payment on Your Medical Liens? Get Reimbursed in Just 15 days – with NO Risk!

Medical lien funding – a type of hospital accounts receivable or medical financing – can improve your bottom line. Can your hospital afford to wait years for reimbursement of Lien-Based A/R? Do you really want to increase your Average Days Out and shoulder the overhead, while taking significant reductions or hoping that a court case may be decided in your favor? Few hospitals can afford to go this route – and that’s why so many are apprehensive of accepting patients on a Personal Injury Lien or Letter of Protection basis.

Hospital Accounts Receivable Financing that Improves Your Bottom Line

If you want to avoid waiting years to receive payment on your medical liens, there is a solution: Get reimbursed for your LOP receivables to obtain hospital accounts receivable financing. Med-Care Solutions has the ultimate, comprehensive turnkey medical lien funding solution for your hospital and patients. We specialize in buying personal injury liens and providing quick approval and funding of lien-based receivables, including implant liens. Victims of personal injury accidents can get the care they need, while you get paid for the personal injury lien by us. With Med-Care your hospital can…

1. Eliminate Collection Risks – Med-Care specializes in buying LOP A/R (including workers’ comp receivables). 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 and worker’s comp receivables are funded in just 15 days after receiving bills. No need to wait for a case to close!
3. Reduce Costs – We’ll take all the administrative, billing, and collection functions associated with lien-based receivables off your hands, all while funding LOP receivables for you.
4. Increase Business – Accept patients that you may have otherwise refused and attract surgeons that may not have used your facilities in the past. Obtain quick approvals for all types of personal injury liens, including auto accidents (MVAs), workers comp, and more.

Avoid the Common Pitfalls of Medical Lien Funding If you’re looking for a hospital accounts receivable financing company to provide medical lien funding for your facility, be aware that not all hospital accounts receivable financing companies take the same approach. Some, in fact, could actually negatively impact your hospital’s relationships with the treating physicians and/or referring attorneys. Med-Care Solutions provides medical lien funding in such a way that we help you avoid these common hospital accounts receivable financing pitfalls:

• Damage to Your Referrals Pipeline – If your medical lien funding company handles the process poorly or unprofessionally, they can sour the relationship between your hospital and the treating physicians. Next time these physicians have patients who require medical lien funding, they may consider performing the procedure elsewhere. Med-Care understands the sensitive nature of these relationships, and takes steps to strengthen them for you.
• Refusal to cooperate at the Time of Settlement – All hospital accounts receivable financing companies hope to eventually receive full reimbursement on each case. Unfortunately, some will hold out for this even when full reimbursement is not realistic. Bringing a legal case to a successful conclusion requires the cooperation of all parties involved. Med-Care Solutions is sensitive to the attorney’s needs – and understands how the medical lien funding company’s behavior impacts the physicians’ relationship with your facility. We work closely with the all of the parties at the time of settlement to help get the case settled in a way that is equitable to all.
• Lack of Communication – After you submit an account for medical lien funding, you need easy access to information about where the case stands. Some hospital accounts receivable financing companies take your paperwork and then leave you in the dark. Meanwhile, your staff is likely to be receiving calls from the attorney, physician and/or patient. They need easy access to answers! Med-Care Solutions provides a convenient customer service program. All you need to do is login to receive 24/7 access to status information for each case.
• Slow Approvals – The personal injury and workers’ comp cases for which you may seek medical lien funding are often urgent in nature. Patients are injured, and they need timely access to appropriate medical care. When a hospital accounts receivable financing company drags their feet on the approval process, it risks delaying needed procedures for these patients. Slow approvals may also cause the treating physician or referring attorney to take their personal injury patients to a different facility. Med-Care Solutions understands that time is of the essence; we provide approvals in on STAT cases within hours.

Hospital Accounts Receivable Financing: Key Items about Medical Lien Financing

Med-Care Solutions recognizes hospitals’ need for immediate funds, which is why we provide reliable hospital accounts receivable financing. Accounts receivables are often hospitals’ biggest asset; however, funding for medical lien cases can take years – potentially causing serious cash flow issues. This issue can be solved with the help of medical lien funding, a specialized type of hospital accounts receivable financing. Med-Care Solutions is a stable business with an excellent reputation that has been providing medical lien financing for over 10 years. Very few companies have comparable institutional knowledge for hospital accounts receivable financing and administering complex medical-legal cases. Your hospital will be in good hands if you rely on the hospital accounts receivable financing provided by Med-Care Solutions. Med-Care Solutions delivers a fast and effective solution by providing medical lien financing to our clients. This Medical Account Receivables Funding Program is easy to initiate and delivers immediate bottom-line results. To learn more about hospital accounts receivable financing, call Med-Care Solutions at 1-877-309-3111.

Related Pages:

Surgery Financing

Car Accident Treatment

Diagnostic Centers

Medical Finance

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.