| Medical Provider FAQs |
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Why should you work with IHFG? The simplest answer is because you can increase your cash flow without incurring any debt. By working with us you avoid all of the complications associated with collecting personal injury medical lien, letter of protection, and Worker's Compensation accounts. Once we purchase your accounts, we handle all collection and communication functions so you don't have to. Please complete our Medical Lien & Worker's Compensation Application to begin capitalizing your medical lien and Worker's Compensation accounts today. Who can work with IHFG? Medical providers, facilities and hospitals that have provided medical services to a patient pursuant to a medical lien, a statutory lien, letter of protection, or through the Worker's Compensation system. This includes hospitals (in-patient and out-patient), healthcare systems, emergency departments, urgent care facilities, diagnostic facilities, MRI facilities, pain management, ambulatory surgery centers (ASC), medical doctors, surgeons, physical therapists, and chiropractors. Because guaranteed money now is better than an undetermined amount at some unknown time in the future. As you may know, working with Worker's Compensation, personal injury related Medical Lien or Letter of Protection (LOP) patients is complicated, time consuming, and without a guarantee of ever collecting payment. To truly "handle" these accounts you would need to have staff dedicated (and knowledgeable enough to anticipate all of the complications associated with navigating the Worker's Compensation system, third-party and/or first-party liability claims) to track your outstanding lien amounts, handle any filing and notification requirements, continually follow up with the patient, their attorney, and the responsible insurance companies; then wait an undetermined amount of time for the patient’s legal claim to settle (sometimes in excess of 36 months), and then go through the process of negotiating a significantly reduced amount for your payment, if the patient's claim even settles. Or, you can capitalize your Worker's Compensation and personal injury related medical lien, letter of protection accounts now, in one payment, with our Medical Lien & Worker's Compensation Account Purchase Program. Is there a lot of paperwork? No. The account verification and review documentation is likely information you already maintain within your files. No. Once our transaction is completed, we place all parties on notice that it is our responsibility to resolve the account. If anyone does contact you, you simply direct them to us. How much do you pay for accounts? It depends on the value of your portfolio; and we won't know that value until we can review and verify the accounts. We view each transaction as unique. Are there any fees? Just a minimal $300 deposit to be applied for the actual costs incurred for UCC-1 Financing Statements related to your application or any future agreement between us. We don't charge any underwriting or origination fees. Please review our Medical Lien & Worker's Compensation Account Purchase Program and see how easy it is to capitalize your medical lien accounts. |


