| While meeting financial demands may be nothing | | | | no-win choices; accepting an offer for settlement |
| new for healthcare facilities, for today's medical | | | | before achieving mmr, or searching for medical |
| providers a legal climate exists that has been | | | | providers who accept medical lien patients, which |
| described as an 'economic gauntlet. Just keeping | | | | in many instances takes months to receive |
| the lights on for some healthcare facilities is an | | | | treatment and delays a possible settlement even |
| issue facing far too many healthcare providers. | | | | farther. |
| How does this issue affect you? Let us explore | | | | For the contingent attorneys in such cases the |
| this question. | | | | paradox occurs as their compensation is |
| Nationwide medical care providers deal with tough | | | | adversely affected by the amount of settlement |
| issues daily, in part such issues range from; rising | | | | achieved when the patient-plaintiff accepts an |
| operational costs, State and Federal funding cut | | | | insurance offer without achieving mmr. Ultimately |
| backs, reduced corporate donations created by a | | | | the values of the injuries sustained are not |
| tough economy, and Federal legislation ensuring | | | | compensated for and the value of the case is not |
| emergency medical care for all patients. Granted | | | | achieved. |
| while such challenges are just a sample of the | | | | Why then do medical providers decline or limit |
| issues facing America's medical providers, make | | | | their care of medical lien patients? Let's look |
| no mistake, these issues alone are reason enough | | | | briefly at what occurs for the medical provider: |
| for a "fiscal juggling act" providers face as | | | | Fact 1 Medical Liens Provide No Guarantee of |
| demands increase while capital is decreasing. | | | | Payment: For medical providers medical liens |
| For the federally subsidized medical institution, | | | | provide no guarantee of financial security if the |
| each provider is compelled by Federal statute to | | | | pending litigation case is lost, period. |
| provide emergency medical treatment to all | | | | Fact 2 Medical Liens Take Years to Provide |
| patients, irregardless of the patient's ability to pay. | | | | Compensation: Medical providers wait years for |
| To date; the financial impact such regulation has | | | | resolution as each has no leverage to enforce an |
| on medical providers has been defined by recent | | | | "at fault" insurance carrier provide prompt |
| statistics that show over 50% of all emergency | | | | payment for cases they must assume liability for. |
| patients admitted annually have no proof of | | | | Fact 3 Medical Liens Result In Reduced Payments: |
| insurance at the time of admission. So what's the | | | | Medical providers under a medical lien are |
| correlation? Patients who receive emergency | | | | negotiated with to reduce the accounts payable |
| medical care benefit from the current legislation, | | | | after absorbing the costs of care while waiting |
| as each receives medical treatment without a | | | | years for settlement. |
| guarantee of financial responsible for such | | | | Fact 4 Vexatious Delays: Vexatious insurance |
| treatment. For medical providers the losses | | | | companies control settlement revenue which |
| associated with patient care is absorbed as | | | | allows the insurance company time to continue to |
| taxable deductions as well as passed on as | | | | earn interest on settlement monies in their |
| increased healthcare costs to insured patients. | | | | possession while the medical provider looses |
| Thus insured or not this situation affects us all. | | | | revenue to interest. |
| For the healthcare providers who are profitable, a | | | | Fact 5 Medical Facilities Face Loose-Loose Business |
| "taxable write " for uncollected patient accounts | | | | Decisions: Medical facilities are forced to make |
| provides an advantage, but for medical provider | | | | "business decisions" everyday regarding absorbing |
| whose write offs exceed revenue, there's a real | | | | losses for unsuccessfully litigated cases or |
| paradox. For providers to meet fiscal demands | | | | spending more resources pursuing patient assets |
| while not generating sufficient capital to meet | | | | with still no guarantee of recovery. Thus from |
| overhead, and yet expected to provide quality | | | | both a financial and administrative perspective the |
| care, well is too much being asked? Not if you're | | | | Medical Lien Letter of Protection makes "keeping |
| a patient who's standard of care falls below that | | | | the lights on quite challenging as this legal |
| guaranteed by national standards. | | | | instrument has proven after decades of use to |
| For the profitable medical facility write offs | | | | not be the most effective solution for fiscal |
| provide a slight advantage, but the reality is a | | | | medical management. |
| "business as usual" approach to healthcare can not | | | | Is There a More Effective Solution? |
| continue as at current because the facts are; a | | | | The answer is yes. A long past due financial |
| day of reckoning in on the horizon for us all. For | | | | solution has been developed as an innovative |
| medical facility executives to keep the books | | | | approach to fiscal medical management and has |
| balanced money must be available to meet | | | | been recently launched by a professional financial |
| financial demands and absorbing losses doesn't | | | | consulting firm, 1st Choice Funding. As financial |
| meet the demands incurred by wages, salaries, | | | | guru's, 1st Choice Funding offers an amazing fiscal |
| supplies, utilities, equipment, bank notes and the | | | | solution for medical providers, patients-plaintiff's |
| like. And while you're calculating the hundreds of | | | | and their attorneys. This innovative financial |
| millions in expenses just for these categories, add | | | | solution has been appropriately called "No Risk...No |
| to the equation the legal costs of collections for | | | | Delay...Payment Today" Medical Lien Portfolio |
| unpaid uninsured accounts. Now as you wear out | | | | Funding. |
| your calculator, are you beginning to understand | | | | As financial experts with a cutting edge solution |
| the economic crunch medical facilities face when | | | | oriented philosophy, 1st Choice Funding provides a |
| treating the uninsured and ending up on the short | | | | fresh approach, an "outside the box" perspective |
| end of the "financial stick"? | | | | to the medical-legal patient-plaintiff dilemma. By |
| Granted while most U.S. consumers find | | | | taking an objective approach to medical liens and |
| themselves shedding no tears for multi-billion dollar | | | | the inherent issues they create, 1st Choice |
| healthcare facilities, you may find yourself feeling | | | | Funding provides a "No Risk" financial system that |
| differently the next time you're in need of | | | | removes 100% of the risk for medical providers |
| emergency medical care and none is available | | | | which will change the way medicine views the use |
| because, the once prosperous medical facility is | | | | of medical liens. How is such possible? Simply put: |
| closed due to the economic reasons. Something | | | | because 1st Choice Funding has unlimited investor |
| to think about wouldn't you agree? Are there | | | | resources which when utilized provide a |
| other options verses the standard way of doing | | | | guaranteed cash infusion to the medical provider |
| business? Absolutely. Now let's explore uninsured | | | | who sells the medical lien portfolio which converts |
| patients and the financial solution medical providers | | | | uncollected patient accounts into a guaranteed |
| have available. | | | | cash avalanche. |
| The "Solution"...the "Medical Lien" | | | | With "No Risk" Medical Lien Funding medical lien |
| The medical lien is a legal security provided to a | | | | patient files are then converted from "potential |
| medical provider when a patient later becomes a | | | | risk-to-capital" in days. And with this programs |
| plaintiff in a legal case. In such a situation if | | | | implementation, healthcare facilities are taken out |
| settlement occurs, medical providers are | | | | of the business of law and kept in the business of |
| compensated as the attorney of record | | | | healthcare. A sound financial option indeed. With |
| compensates the provider out of the insurance | | | | "No Risk" Medical Lien Portfolio funding, medical |
| collection proceeds. However, as financially sound | | | | facilities who utilize this program comply with |
| as a medical lien appears to be, in a real world | | | | Federal guidelines for uninsured patient services |
| application, untold losses occur each year from | | | | while not being left with financial consequences for |
| the use of the medical lien. | | | | doing such. The facts are for unpaid medical lien |
| While medical liens are a nationally used legal tool, | | | | accounts, medical providers who utilize "No Risk" |
| for the millions of patients treated annually under | | | | capital receive: |
| this devise the facts are, all too often a medical | | | | Capital Today Instead of Capital Delay |
| lien leaves the providers who rely on them with | | | | Capital Today Instead of Capital Outlay |
| the "short end of the financial stick". Revenues | | | | Capital Today Instead of More Capital Pay "No |
| the medical lien are designed to generate instead | | | | Risk" Medical Lien Portfolio Funding is just that |
| create liability for the medical facility, and thus the | | | | simple. With this unique financial tool medical |
| results are, beyond emergency care, some | | | | providers receive an unheard of ability to increase |
| medical providers decline patients or at best limit | | | | patient volume and revenue without consequence. |
| the amount of patients they accept whose care | | | | For the first time in medical history, healthcare is |
| is secured by the medical lien. | | | | being offered the most effective "financial bridge" |
| For the patient who becomes a plaintiff, the | | | | designed to bring Government, Finance, Law, |
| injured more often than not need ongoing medical | | | | Medicine and Patient Care together effectively and |
| care in order to achieve maximum medical | | | | simultaneously. "No Risk" Medical Lien Portfolio |
| recovery. "MMR" is the sought after goal for the | | | | Funding is good for medical providers, for |
| attorney in order to achieve settlement, satisfy | | | | patient-plaintiffs, and for their attorneys. "No Risk" |
| the medical lien providers, be compensated | | | | Medical Lien Portfolio Funding is a savvy financial |
| themselves and the patient-plaintiff. | | | | solution and is a 100% winner for everyone |
| As an illustrative example when an auto accident | | | | involved. |
| occurs and the uninsured injured receive | | | | Unlike health insurance carriers or government |
| emergency medical care. In such instances the | | | | agencies whose red tape and never ending delays |
| patient-plaintiff needs ongoing medical treatment in | | | | cost medical provider's more in fiscal resources |
| order to ultimately achieve mmr which ultimately | | | | waiting for compensation, 1st Choice Funding's |
| correlates to an insurance settlement. This is | | | | investor capital is eager to provide the financial |
| where for the medical provider, the | | | | remedy without delay. For a further examination |
| patient-plaintiff, and their attorney the proverbial | | | | of 1st Choice Funding's "No Risk" Medical Lien |
| "catch 22" begins. For medical providers the | | | | Portfolio program consider these facts: |
| paradox is such must maintain positive cash flow | | | | "No Risk" Medical Lien Funding Eliminates Financial |
| in order to provide services. Because medical liens | | | | Risk For Medical Providers |
| do not provide guaranteed compensation a | | | | "No Risk" Medical Lien Funding Provides 100% |
| growing number of medical providers refuse to | | | | Capital on Unsuccessfully Litigated Cases |
| provide ongoing medical care under the auspices | | | | "No Risk" Medical Lien Funding Eliminates Medical |
| of the medical lien. For other medical providers | | | | Lien Collection Expense |
| who limit the services provided or the amount of | | | | "No Risk" Medical Lien Funding Provides a Positive |
| patients accepted whose file is secured by a | | | | Environment Improving Patient Relations |
| medical lien, are forced to do so because of the | | | | "No Risk" Medical Lien Funding Provides Cash |
| lack of guaranteed compensation combined with | | | | Infusion from Lien Portfolio Sale |
| the shear length of time involved in achieving | | | | "No Risk" Medical Lien Funding Provides Capital |
| compensation. | | | | When Services Are Rendered |
| For the patient-plaintiff this paradox is critical as | | | | "No Risk" Medical Lien Funding provides |
| financial pressures and "pennies on the dollar" | | | | tomorrow's effective financial solution....Today! |
| insurance settlement offers leave the injured with | | | | |