Because Money Doesn't Grow On Trees...
1st Choice Funding Provides Today's "Financial Bridge" With Innovative Financial Solutions
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Medical Lien Portfolio Funding
Healthcare Facilities in today's economic and legal climates are facing an ever growing number of financial challenges which individually are exhausting valuable financial resources. Cumulatively however such challenges present a daunting task for financial solvency as a growing number of medical facilities across the U.S. are searching for economic solutions. While challenges ranging from waning Federal subsidies to rising operational costs weren't enough, these combine with an economic crunch impacting U.S. industries which are now causing charitable donations to decline from once significant contributors. During th epast decade an increasing number of healthcare providers face an ever increasing economic pressure of "balancing the books" with a future of economic gloom. As such medical providers and the advisory committies who run such facilities are across the board, experiencing a new era in medicine where pressures continue to mount form all sides. Let’s look briefly at four areas of concern for medical facilities. They are:1. Rising Operational Costs
2. Federal Funding Cutbacks
3. Declining Charitable Contributions from Once Major Industrial Contributors
4. Federal Statutes Guaranteeing Emergency Care to All Including Emergency Patient Including the Uninsured
Hospital Administration Boards & Administrators themselves have often described today's operational environment as "quite challenging or extremely difficult". To date besides collection of uninsured patient files, a costly process in itself, the only significant alternative medical facilities have utilized comes to light when litigation is present the Lien Letter of Protection, or Medical Lien, provides a legal recourse to collection of such patient files.
Despite what has been a traditional means of operation, and what appears to be a financial solution for collection of pending personal injury cases, the Medical Lien or “LLOP” creates actually a number of financial issues for the very medical facilities who depend on the revenue these are to generate. The question remains then, “Are Medical Liens providing the revenue there were designed to generate”? Let’s examine briefly Medical Liens and discover the answer.
The list of deficiencies regarding the performance of Medical Liens for medical providers has across the board failed to provide an effective solution. Briefly let's look at a topical list of the following issues; Fact 1. The Medical Lien Provides No Guarantee of Financial Recovery
Fact 2. The Medical Lien Patient Receives Treatment Before Legal Case is Resolved
Fact 3. Medical Lien Providers Too Often Absorbs Medical Lien Losses
Fact 4. Medical provider Exhausts Resources Pursuing Patient Assets Without Collection Guarantee
Fact 5. If Patients Attorney Doesn't Honor Medical Lien
Fact 6. Medical Lien Insurance Coverage May Prove to Be Insufficient
Fact 7. Medical Lien Providers are "Negotiated With" After Waiting Years to Collect Compensation
By statute Medical Liens were designed to protect providers at the time of insurance proceeds collection is released to the attorney of record who is legally bound to satisfy all liens, with their own in first posiiton, then pending Medical Liens thereafter, and before releasing settlement proceeds to the patient-client. However, the facts reveal not all medical liens are honored by the attorney of record. Adding to the list of inherent Medical Lien issues medical facilities face, medical facilities must comply with fiduciary obligations and provide emergency treatment of the uninsured. Later medical providers find their institutions "negotiated" with into accepting reductions of the accounts and absorbing the loss. Thus it appears even with the best of situations, when a Medical Lien is in place too many healthcare facilities are reluctant to provide additional services under the guise of a Medical Lien because the medical facility is burdened with additiional financial risk abd guaranteed expense. From a finance and administrative perspective a Medical Lien is not an effective solution to resolving the financial crisis healthcare facilities face today.
Absolutely! Welcome to 1st Choice Funding and our innovative program specifically designed to provide the most effective solution for raising capital, increasing cash flow, complying with Federal guidelines of uninsured patient services, and improving profitability. 1st Choice Funding in fact provides the most innovative “Financial Bridge” called
How does the “No Risk” Medical Lien Funding program solve the financial challenges facing medical facilities today? Through an amazing approach to finance, law, government and medicine ever developed. "No Risk" Medical Lien Funding provides operating capital in days vs. years waiting for Medical Lien collections by converting Medical Lien patient files, which could be a liability, into significant cash flow and available practically overnight all absolutely with no financial risk to the medical providers who capitalize on this program! Does the “No Risk” Medical Lien program sound too good to be true? Maybe so but it's not we guarantee it. Here’s how it works…..
With "No Risk" Medical Lien Funding instead of medical institutions absorbing risk and collection liability on pending legal cases, 1st Choice Funding’s investor portfolio provides guaranteed income when it stand in place of the medical provider as we absorb all future financial risk for medical lien patient files. In fact with “No Risk” capital in place, medical providers convert risk into guaranteed revenue, providing medical facilities with a sound business strategy. “No Risk” Medical Lien Funding takes medical providers out of the legal business of assuming RISK and keeps them in the medical business of providing service and receiving compensation for treatment! With “No Risk” Medical Lien Funding, instead risk for collection, risk of underinsured cases, risk for lost cases…..RISK period, our investors business is Risk not yours!
Added to the list of benefits medical facilities capitalize on is this service is provided without application fees or hassle, delay, risk, compromise of regulatory statutes, or future financial recourse of any kind! The facts are clear, when once the “No Risk” Medical Lien Funding Program is in place, new Medical Lien cases continue to provide a ready resource of capital when patient files are converted as services are provided. Patients continue to create positive cash flow as portfolio funding provides ongoing purchase agreements. Now with the superiority of "No Risk" Medical Lien Funding, accepting Medical Liens and absorbing risk are a practice replaced by a far superior method of operation, the "No Risk" method.
Today’s medical providers never again need accept a Lien Letter of Protection or turn away such cases because Medical Lien patient files can now be converted into guaranteed cash flow without risk! Additionally "No Risk" Medical Lien Funding provides a streamlined process where unlike health insurance carriers or governmental agencies, who take months for an accounts payable to be processed, 1st Choice Funding's investors eagerly provide capital so Medical Lien Funding can literally occurs in days vs. months or years because “No Risk” Medical Lien Funding has No “Bureaucratic Red Tape” or “interest earning benefits” like government programs or insurance companies do.
. "No Risk" Medical Lien Funding Provides a Cash Infusion From Existing Lien Portfolio
"No Risk" Medical Lien Funding Provides Cash For Ongoing Patient Care
"No Risk" Medical Lien Funding Provides Payment When Services Are Rendered
"No Risk" Medical Lien Funding Increases Business When Attorneys Refer Patients
"No Risk" Medical Lien Funding Eliminates 100% of Risk & Lost Revenue of Unsuccessful Cases
"No Risk" Medical Lien Funding Eliminates “Negotiations” When Cases Settle
"No Risk" Medical Lien Funding Eliminates LLOP Collection Expenses
"No Risk" Medical Lien Funding Eliminates LLOP Management Expenses
"No Risk" Medical Lien Funding Provides Positive Patient Relations
"No Risk" Medical Lien Funding Provides Ongoing Patient Healthcare
"No Risk" Medical Lien Funding Increases Occupancy Rates & Profitability In order to qualify for "No Risk" Medical Lien Funding, the following minimum case requirements must be met on patient files:
1. Patient is represented by an attorney in an on-going lawsuit
2. Healthcare treatment must be a direct result of injuries sustained in claim
3. Patient must be less than 50% liable
What Types of Legal Cases Qualify For "No Risk" Medical Lien Funding?
Personal Injury Vehicle
Personal Injury Premises
Personal Injury Assault
Personal Injury Slip and fall
Personal Injury Malpractice
Personal Injury Product Liability
Personal Injury Negligence
Personal Injury Workers Compensation Cases
Or Any Personal Injury Case
1. Free Portfolio Evaluations
2. Ongoing Medical Services Provided Without Financial Risk
3. Payments Are Received Within Typical Billing Periods
4. Medical Lien Business Improves Cash Flow
5. Payment Processing is Provided Without Bureaucratic Red Tape
6. Payments Are Provided When Services Are Provided
7. Provides Cash Flow Without Time Consuming Forms Processing
8. There’s No Expense Tracking Medical Lien Progress
9. There’s No Expense Collecting Medical Liens
10. There’s No Expense Enforcing Medical Liens
11. Absolutely No Medical Lien Case Write Offs
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