Article

PERSONAL INJURY (PI) LIEN AND LOP FUNDING – BASIC SUMMARY

Written by Medical funding Source

Topic: Business NetworkingPublished April 12, 2018
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When an individual is injured in an automobile accident(most US states – ask for details) as an example of a personal injury case, the injured person can select a Personal Injury (PI) Attorney and the Attorney would file a law suit /PI case against the Insurance Company of the other party(Party “at Fault”) causing the accident. Then the Attorney will send the patient to a Doctor who accept PI cases/patients and a medical provider who can take the patient on a personal injury lien (A legal agreement between the attorney and the medical provider stating that the medical provider will be paid for all medical bills for treating Patient X when Patient X case is settled between the attorney and the insurance company.

YOUR COMPANY NAME offer the best rates possible for purchasing PI Liens(A/R)(about 30%-50% )and Additional incentives for Personal injury medical Providers to sell/fund their A/R (protected by a lien/LOP) with our marketplace and a winning offer/funder.

A personal injury case can take 1-2 years to settle. Instead of waiting and risking not getting paid on certain cases and minimizing final discounted enforced by the attorney, a medical provider can reap immediate benefits working with a funder that not only would offer the Medical Provider the best rate for his A/R now ..But also would fund him on the same day or next day of the scheduled treatment or for any future treatment for any patient. The medical provider can save thousands of dollars by selling their A/R via YOUR COMPANY NAME marketplace and focus on improving and expanding their operations and cash flow and therefore increasing their marketing activities and bottom-line ROI.

Our marketplace and our exclusive buyers put extra focus on keeping the relationships between the attorney and the medical provider and only enhance the ongoing relationship between them when we purchase the A/R from the Medical Provider and later paid by attorney.
YOUR COMPANY NAME also provide special incentives and referral services for personal injury attorneysr
Never do we take any payout amount from the proceeds of a sale of PI Lien A/R. Our payout is always from the funding or investor side (Hence your Rep. payout too…)
It takes 1 week – 10 days on average to approve a personal injury medical provider for fundingr
Ongoing funding after provider was approved is on the same day funding or next day funding at the latest.

Average purchase offers are in the range of 30% - 50% /many incentives and additional offers provided.

The only information initially required for an actual offer is very minimal

We do not require Lengthy application or data, we do not require exclusivity or a lock down period to evaluate A/R. , We provide exclusive PI lie
Capital not available anywhere else. Our marketplace provide many offers for small and large medical providers virtually in any state!

Factors that affect the final offer rate would be: type of treatment, billing rate and collection/Settlement history if any

See document and script for required information for a Personal injury lead.

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About the Author

Find more information relating to PIP insurance, and PIP Funding here.

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ViitorX is a digital experience and immersive technology studio based in Ahmedabad, India. We design and engineer immersive experience centres, interactive environments, and digital storytelling systems for museums, events, enterprises, and cultural institutions.

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