Purchase your Personal Injury Medical Receivables held on a LOP or Lien
Are you a Chiropractor or Doctor waiting to receive thousands of dollars on pending personal injury cases?
Chiropractors and medical providers that provide medical care to personal injury patients on a medical lien or a Lop can acquire huge portfolios of accounts receivables. These are non liquid assets that may take months or years to collect. These receivables cost you and your practice the longer they are receivables and not cash.
Selling your personal injury receivables offers many advantages to a growing business. We purchase your personal injury receivables so you don’t have to wait to get paid. This means money in your pocket immediately. You provided the medical care to the client, now you have to wait to get your money. Advantages to selling your personal injury receivables held on a medical lien or LOP are:
- Immediate expansion of your business
- No loans you have to pay back
- Immediate cash flow
- Elimination of risk of not collected
- Reduced collection cost
- Settle tax liabilities
- Non-recourse to you
- Rapid decisions and quick turnaround
Do you have thousands of dollars in receivables that you are waiting to get paid on?
We will be able to help if your portfolio has a thousand dollars or a million dollars in receivables. Some chiropractors, medical doctors, or MRI clinics have thousands of dollars in personal injury medical receivables secured my a medical lien or a LOP. A piece of paper does not help out your bank account.
Some advantages to turning your receivables into cash
- Non recourse ( this is not a loan, you are selling them )
- Reduction in collection cost
- You eliminate all risk associated with the receivables you sell
- Immediate Cash Flow
- Settle Tax Liabilities
- Expansion of your business
Most personal injury cases’ settle in 6 to 9 months. Some cases go to litigation. When this happens it ties up your money even longer. Can you afford to let someone else hold your money for months or even years? No, you need your money and you need it now. Your business does not run on paper, it runs on cash.
Process of selling your AR or personal injury account receivables
The process is not that hard, your patients just have to be finished treating with you, and the case with the attorney has not settled as of yet. You must hold a lien with the attorney. This services is not available in all States. However, we are working to get that resolved.
Step 1
Fill out the form on the next page , or go here.
This is just basic information about the amounts you are wanting to sell and the attorneys that you are working with on those cases.
Step 2
While waiting on us to get back with you, get all of your documentation together. We are going to want to know who the attorney is, and a copy of the lien and medical bills.
Step 3
When you have submitted all of your documentation, and offer will be made wither for an outright purchase or you will be paid a lump sum immediatealy and profit sharing when collections start coming in.
Do you have thousands of dollars in personal injury receivables that are outstanding?
Chiropractors and other medical professionals might have hundreds of thousands of dollars outstanding in personal injury receivables, medical liens, secured by a LOP. Sometimes it better to have that money in the bank. Waiting for these case’s to settle might take months or sometimes even years. Cases that go to litigation might make you feel trapped. Your practice relies on cash flow to keep running, not a paper trail. Accidentdoctor provides this service to any member or non-member.
What we do
We buy some receivables ourselves. However in order to competitive in a market that is growing we see the need for companies to compete for your business. When you fill out the form on the next page, it gets sent out to multiple buyers who wish to buy receivables, not just one.
Tired of dealing with the same company on your receivables?
As we said earlier, we have relationships with multiple companies. This allows you, the customer to have your receivables bought by the highest bidder. There are many small companies and few large companies that provide this service. Many doctors have no idea who the small companies are.
Do you have one big case outstanding
We can buy hundreds of thousands in personal injury receivables or one case. If you have a case that you need us to buy out, please fill out the form on the next page, there is no obligation on your part.
We want to help your business succeed. Personal injury receivables held on a lien or lop don’t help your business succeed today.
There is no obligation on your part, just fill out the form on the next page
