By taking advantage of the core competency of a full service medical funding company, medical providers can receive prompt payment for aging personal injury accounts receivable. By adopting this cash management strategy you will also reduce the inherent administrative costs associated with tracking these cases, thus increasing your bottom line. This frees your practice from the hassle of vetting, tracking and pursuing collections on your personal injury cases, allowing you to concentrate on what you do best, caring for your patients.
From a medical provider’s standpoint, the risk involved with accepting a Letter of Protection (LOP) for third party liability medical services is often just too risky. Why accept the risk of non-payment when working with a medical funding company, like HMR, could free the medical provider from the stress of having to wait months, if not years, for the underlying legal case to close?