Fact Sheet: Healthcare Liens
- MedFinManager™ is a national leader in the facilitation of medical care for patients who
have been injured in third-party accidents and require treatment using a lien.
- MedFinManager™ has a range of services directed towards enhancing the cash flow and
reducing the risk of bad debt for physicians.
- MedFinManager™ provides a full range of services to support a Consensual Lien
Program.
- MedFinManager's Consensual Lien Facilitation and Purchase Program approves and
purchases accounts for lien-based health services, either medical or surgical.
- MedFinManager's Consensual Lien Program has no significant impact on a provider's
office routine. The Program includes all necessary risk assessment, underwriting, all legal
and administrative processing requirements, and training.
- MedFinManager™ provides financial services to hundreds of physicians, and other
healthcare providers, in 18 states, and is currently expanding nation-wide. MedFin's
clients include specialty physicians, hospitals, clinics and ambulatory surgery centers.
The MedFin™ approach creates a true win/win partnership with the physician, patient, facility and
the other parties involved in these highly technical and legal transactions. The significant
advantages of the MedFin Program are:
- Provides the opportunity for physicians to increase revenue by accepting lien-based
patients, without risk, who may have formally been turned away.
- MedFin™ enhances cash flow in very immediate ways, by relieving the many hassles and
risks that are inherent in treating personal injury patients.
- MedFin™ guarantees payment in 30 days.
- The MedFin™ program is a Without Recourse purchase, which means that MedFinManager™
assumes the full-risk associated with holding aging receivables. If a lien eventually
becomes uncollectable, MedFinManager assumes the total loss.
- MedFin™ will never ask for a refund based upon the eventual outcome of a patients' legal
claim.
- Through its Consensual Lien program, MedFinManager™ provides all the necessary
coordination between the attorneys, the patient and the facility – and provides the
physician with a guaranteed approval prior to the patient receiving services.
- MedFinManager™ will work closely with the local hospitals or surgery centers to ensure a
smooth process for the treatment and admission of lien-based patients. This will allow the
physician to continue the normal practice and rounding patterns.
- There are no fees associated with MedFin™ programs, no minimum required volumes, nor
maximum billing amounts, and the physician remains in complete control of the patient's
treatment, at all times.