How to Increase Cash Flow from Letters of Protection Physicians and medical practice executives can find it difficult to manage cash flow, especially amidst the ongoing concerns surrounding COVID-19 and as elective surgeries and other lucrative procedures continue to be
For many healthcare organizations, managing cash flow is a regular challenge. While insurance carriers demand more and reimburse less, the time between the date of treatment and when a carrier issues payment continues to increase. This time-lapse adds to the
Medical liens are a risk for healthcare providers to hold. Most doctors and hospitals avoid providing treatment on medical liens and instead opt for immediate payment by treating patients with insurance or those who can pay out of pocket. The
It’s no secret that medical care is considerably expensive, especially if that care is administered during an emergency after an accident. The burden is even more overwhelming for those who have been injured and don’t have health insurance or have
As a medical provider, your job is hardly done after providing treatment to someone. You then have to collect payment for your services, and this can be easier said than done, especially in personal injury cases. In the ideal world,
When we purchase medical receivables from healthcare providers, this is where our primary servicing process begins. A workflow – or, the set of tasks, resources, processes and systems needed to complete a service or accomplish a goal – is important to
Seeking a Solution: How Medical Funding Alleviates the Rising Cost of Medical Care [Part 2] This is Part Two of a two-part series on medical funding and the current state of healthcare. It’s not news that healthcare is becoming more
Setting the Scene: The Rising Cost of Healthcare [Part 1] This is Part One of a two-part series on medical funding and the current state of healthcare. The landscape of healthcare is already on a slippery slope. But what’s more
In our experience, doctors wish to provide high-quality medical care to as many patients as possible. Worrying about contracts, reimbursement rates and collections from a variety of payor sources is not the reason most doctors went to medical school, yet
A personal injury lien is a legal right to receive a portion of the plaintiff’s settlement, typically to reimburse third parties for services rendered. Lienholders can include the state and federal government, health insurance companies, medical providers and third-party medical
