Why use a full service medical funding company? Let’s take for example an uninsured plaintiff that was injured in an auto accident, at no fault of their own. They’re hurt and in need of medical care but they don’t have health insurance coverage and the defendant’s insurance isn’t going to pay anything until the legal case is settled. In this situation how do you, the attorney, help get your plaintiff the medical care they need NOW?

Justice should be blind, but the reality is that the legal system often allows for defense attorneys to slow the legal process down with continuances and other procedural strategies. So even a clear-cut case of defendant liability may not succeed if a plaintiff can’t afford to wait until the conclusion of the legal process often because their injuries require immediate attention.

As an alternative to accepting the defendant’s first lowball offer, you could try to find medical professionals that will diagnose and/or treat your plaintiff while accepting a deferral of payment until the legal case is settled or won. Assuming a quality medical provider can be found in your area who will accept your Letter of Protection, your plaintiff will then gain access to the medical care they need, but what about their other financial needs that may be required throughout the long and often winding road of a complex P/I legal case?

Chances are your plaintiff can’t work while they are recovering from their injuries, so again, this may prompt a quick and sub-optimal settlement since they may not have the financial capacity to pay for their day to day expenses while they’re out of work. So now you have to find a pre-settlement funding company that will help with your plaintiff’s day to day expenses. Before you know it, you are juggling your plaintiff’s case, medical providers who are antsy for payment and a pre-settlement funding company that wants to settle as quickly as possible so they can get their money back before the case drags on for many months or years.

Something that is also often overlooked is in the event the case is lost for some reason, your plaintiff is still responsible for paying the medical professional for their services. If the legal case is lost, and the Plaintiff is out of work, how do they pay all of their debts associated with the case? Their debts may be sent to collection agencies that can ruin their credit scores. All of these and more are quite a risk for someone who was hurt at no fault of their own.

This is where a full service medical funding company like HMR is a fantastic choice. Not only can a full service funding company help by paying their medical bills, but we may also be able to help with pre-settlement funding solutions while the patient is recovering from their injuries. This allows top personal injury attorneys to turn to one well-respected company to take care of all of their plaintiff’s financial needs; no need for you to take your eye off of the underlying legal case due to having to juggle multiple companies. And perhaps most importantly, we take the risks alongside the talented P/I attorney we work with each and every day. If the case is lost, your plaintiff does not have to pay us back.

Working with a full service medical funding company can be a win, win, win for all involved. The attorney can focus on fighting for justice for his client. The plaintiff is able to get the needed medical care and living expense assistance; and the medical provider is paid promptly for their services provided.

Contact us now or give us a call at 888-377-1245 to discuss your personal injury case

We will quickly review your case, and can purchase medically necessary bills from medical providers promptly upon approval. We purchase medical accounts receivables from a nationwide network of high quality medical providers, or we can work with your plaintiff’s provider of choice. The choice is always theirs.

 About the author:
Ted Molis is the Director of Marketing for HMR, a plaintiff-oriented medical funding company headquartered in Richmond, Virginia. HMR supports personal injury attorneys whose clients are either uninsured, under-insured or have been denied coverage.