Medical Lien Financing - Medical Providers why wait for legal settlement to be paid?

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 12, 2009 -- For immediate release

Like any small business doctors, medical providers and medical equipment manufacturers have a serious problem. Cash flow. When treating a personal injury or workers compensation patients on lien, providers wait for legal settlement before being paid. Those patients injured on the job are often covered under workers compensation benefits. But that does not necessarily mean the doctors get paid in a timely manner. Just like with personal injury patients that have been injured at the fault of someone else still requires serious medical attention with or without insurance coverage of their own. In most cases, the doctors are waiting for attorneys and clients to settle legal claims before the doctor can be paid. The legal settlements could take up to one to two years and in some cases five years or more!

“The general public often forgets that doctors and medical providers for the most part are small business.” Says Bob Nokley, President and CEO of Medical Lien Funding, LLC. Medical lien financing is a serious service that helps facilitate important cash flow to medical providers while waiting for legal settlement. Bob Nokley goes on to say, “without services like ours doctors are at risk of falling behind or even worse losing their insurance coverage, keeping up with payroll and tax deposits.” He also goes on to say “I don’t know about you, but I would prefer my doctor not be distracted or stressed out with the day to day requirements of running practice when attending to me.”

Medical lien financing is an important specialized service.

Attorneys also count on medical lien financing. When an attorney has a client that has been injured in an accident and does not have healthcare insurance of its own is faced with convincing healthcare providers to treat the patient on lien and hope for a successful legal settlement. It’s a big risk for all parties involved. Companies like Medical Lien Funding; LLC provides its medical lien financing service to healthcare providers and those who sell medical devices to medical providers to help bridge the gap. The companies typically take over the attorney lien and provide the providers with much needed cash.

Without it adequate healthcare could be a thing of the past.

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

medical lien financing     medical lien funding     personal injury patients     workers comp patients