Medical financing in a tough credit market

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 17, 2009 -- Medical financing in today’s capital market can prove to be a challenge. Medical financing is not a credit equity driven transaction.

“Healthcare and medical providers are defiantly feeling the pinch of today’s tough credit market.” Says, Bob Nokley President/CEO of Medical Lien Funding, LLC. (MLF) MLF is a national specialty funding firm helping healthcare and medical providers find solutions for much needed funding for patients of workers compensation and personal injury claims. Not commonly realized by most, these types of patients that are not covered by health insurance and must wait for legal settlement in order to pay for much needed healthcare. Where does this leave the providers? “Waiting a long time for payment, from 90 days and up to five years or more in certain parts of the country.’ Nokley goes on to say.
Attorneys are finding it harder and harder to find medical providers that are willing to wait or risk the outcome of legal settlements. Emergency services providers often find this out after their services have been rendered. As a result a gateway for supplying healthcare providers with medical financing is serious need that must maintain stamina even in tougher credit markets.

With the credit market tightened up, banks are finding it difficult for their long time clients to qualify for the same operating credit lines that they so commonly rely on. Healthcare and medical provider’s credit ratings are slipping at an alarming rate cautions Nokley; mostly due to the fact, credit is not available.

Nokley’s company offers medical financing that is not credit driven. Healthcare and medical providers can leverage their workers compensation and personal injury accounts receivable for much needed cash on a non-recourse or limited recourse basis. With the non recourse feature providers sell their accounts receivable at a discount. The buying company services the collections and if for some reason a case or claim is lost, the provider is under no obligation to repay the buyer. With the limited recourse feature, the provider nets more cash at closing but has some risk. If a claim is lost or unsettled, the provider may be required to repay or replace the lost claim with another claim. It really comes down to the dynamics of the provider.

More information can be found online at http://www.medicallienfunding.com