MedFinManager is a specialty financial services company that provides a unique range of services directed towards accelerating cash flow and eliminating risk for medical providers; MedFin's value proposition creates a true win-win-win scenario for all participants involved in lien-based medical care, to include medical providers, patients and their legal representatives.MedFinManager is one of the oldest and well established companies providing this singular type of financial service. MedFin originated the unique features of customer-focused, no-fee based client services, which are its hallmark.
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Let's face it. The practice of injury law is a time-consuming and complicated endeavor replete with many responsibilities and challenges. One particular challenge which has become more prevalent in today's world is lien-based medical care. As the overall percentage of people without health insurance continues to grow in our society, it is guaranteed that an increasing percentage of your injured clientele will also be uninsured.
You have a new client who was injured when a "big-rig" truck collided with her car on the highway. Apparently, traffic slowed and the truck, which was following too closely, did not have enough time to stop. The rear-end collision caused your client to spin-out of control making a secondary impact with the guard rail.
For a medical provider, a lien is a risky proposition. Since most providers are not experts in evaluating the merits of a prospective patient's underlying legal case, the provider is "gambling" on whether the patient's case is fundamentally good or bad. This is difficult to determine. Furthermore, a lien requires the medical provider to expend time and resources today, while having to wait months, if not years, to receive payment for services. Then of course, there is no guarantee that the provider will ever receive payment if the patient's legal case is not fruitful.
Reviews (1)
Jenna Swarson
Feb 05, 2017
