Personal injury cases are taking longer than ever to settle, 18-22 months in some cases and possibly much longer. Many of the medical providers I speak with tell me that it takes WAY too long to get paid on their personal injury liens and LOPs (Letters of Protection). This causes serious cash flow challenges and excessive staff time needed to continue to monitor the status of cases and negotiate the reductions often requested by attorneys on the case.
If you treat personal injury patients on a lien or LOP, chances are you are facing the same kind of challenges to both your cash flow and staff time.
Get Paid Sooner, Not Later
I am now working with a firm that specializes in helping medical practices like yours get paid or treating personal injury patients. They purchase medical liens. This allows you to receive your payment sooner, and they work, and negotiate, with the attorneys to receive payment at the end of the case. Regardless of how the case ultimately resolves, you will have been paid for your services and relieved of your payment risk.
What’s In It For You?
Benefits of working with Velocity Medical Receivables Solutions, LLC.
- No cost or financial investment required for the medical provider
- Predictable cash flow on future receivables
- Removal of payment risk
- Money in advance of case settling, no waiting for cases to resolve
- Confidence in accepting more personal injury cases knowing you won’t have to wait for your payment.
Let’s Talk!
I would love to show you how you can turn your waiting on personal injury cases into regular cash flow.
Let’s talk! Schedule a quick conversation about your practice at your convenience by CLICKING HERE.
See other ways that Cash Flow Strategies, Inc. can help you improve your practice cash flow by visiting our web site by CLICKING HERE
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