Gain’s Process for Medical Funding

Gain’s Process for Medical Funding

piggy bank with medical mask and coins

Getting the medical treatment you need for injuries sustained in an accident can be expensive. According to, it costs an average of $7,500 to fix a broken leg and a 3-day hospital stay can run as high as $30,000. Even with health insurance, medical treatment bills from an injury can be pricey, particularly if you have a high deductible policy.

The cost of medical treatment after an accident can make you feel like you need to settle quickly, to get the cash you need to cover your bills. But, there are other options. Pre-settlement funding can help cover your costs, whether they are medical bills or the general costs of living, while you wait for your lawsuit to move through the court system and for your case to be resolved fairly. Understanding the process for pre-settlement funding can help you decide if medical funding is the best option for you.

Talk to Your Attorney

Your attorney can be a great source of information and guidance when you are deciding to apply for medical funding to cover your medical liens or to help make ends meet during your case. He or she can help you understand what sort of settlement you are likely to get from your case, whether it’s worth it to go to trial, and what your options are in the meantime. Your attorney’s opinion on pre-settlement funding is particularly important, as Gain will only move forward in the funding process with your lawyer’s approval.

The Application Process

Once you and your attorney have decided that pre-settlement or medical funding is the right choice for you, the next step is to contact Gain to apply. Our team will gather the information we need, such as the details of your lawsuit, the anticipated settlement, and the medical issues you are dealing with, to help us make a decision about what type of funding and how much funding to offer you. Since pre-settlement funding is not a loan, we don’t run a credit check or verify employment.

How Your Funds are Distributed

If we approve you for funding, you can expect to get the money quickly, usually within 24 hours of approval. How the money is distributed to you depends on how you will use it. If you need funding for everyday living expenses, such as rent and groceries, you will get the funding directly. But, if the funding is to cover medical treatment, we will pay the medical provider directly. We work with a team of medical providers who are able to provide a full range of treatments to you.

What Happens After Your Case

What happens after your case depends on the outcome of the lawsuit. If you win, we get repaid from the settlement. If you don’t win, you are not responsible for paying back any portion of the funding. We typically limit the amount of pre-settlement funding awarded to no more than 15 percent of the anticipated settlement. That way, if you win your case, you are still able to use most of the awarded amount afterwards.

If you’ve spoken to your attorney and have gotten his or her stamp of approval, get started on the process for pre-settlement funding today. Gain offers personal injury lien funding to their clients. Contact us to start the application process and get on the road to paying off your medical liens and other expenses today.


Medical Funding

Medical Liens

Pre-Settlement Funding

Legal Funding


Letter of Protection