Give your patients the treatment they deserve
Cherokee provides extra cash flow to healthcare practices by purchasing their existing medical liens and directly paying for the services provided to personal injury patients. With all of our programs, Cherokee accepts the financial risk of the liens so that medical providers are paid upfront and patients receive the medical care they need. Our approach has been proven to help doctors serve larger patient bases, streamline operations and improve cash flows.
Our Medical Funding program pays healthcare providers directly for the medical bills of personal injury patients whether they have health insurance or not. In addition to improving cash flow, Cherokee handles all of the headaches associated with medical liens and allows healthcare providers to focus on what they do best – care for patients.
Cherokee’s Medical Funding program helps healthcare providers in several ways:
Serve Larger Patient Bases
Providers can now take patients whom they may have previously not served – those without health insurance or who can’t pay their high deductibles.
Providers no longer have to hold liens or have their staff work on getting Letters of Protection or getting case updates to get payment for their services.
Improve Cash Flows
With Cherokee, providers get paid cash direct from Cherokee on behalf of the patient so they have immediate payment and no longer need to hold liens or increase their accounts receivable.
Fast, Easy Process for Patients
Cherokee’s application process is super fast and simple – you provide the patient information and we take it from there.
Cherokee’s Lien Purchase program provides doctors and their healthcare practices with immediate cash infusion through the purchase of its outstanding unpaid medical lien receivables. Cherokee always purchases at the highest prices to provide he most cash flow to the healthcare practices. We are able to pay top dollar by leveraging data points on win/loss rates and reduction requests from thousands and thousands of personal injury cases to precisely underwrite and price the receivables.
Cherokee’s Medical Lien Purchase program helps healthcare providers in several ways:
Frees Up Time for Your Office Personnel
Cherokee’s Lien Purchase program frees up time for office personnel to schedule more patients and to focus on processing more insurance claims faster. Your office staff will no longer have track down patients who have switched attorneys, get case updates or deal with demand packages.
Eliminates the risk of non-payment
With Cherokee, doctors no longer need to accept a Letter of Protection or lien on legal settlement proceeds as payment for their services. And, they no longer deal with reductions or write-offs.
Improves Cash Flow
Cherokee pays healthcare providers on behalf of the patient so they have immediate payment and no longer need to hold liens or increase their accounts receivable.
Receive Client Referrals
Cherokee works with thousands of attorneys who often have clients in need of a provider to get the care they need. We craft a joint marketing effort with our attorney base to increase the referrals to your site.
With Cherokee’s Medical Lien Servicing, doctors and healthcare providers outsource the servicing and collection of their medical lien receivables to Cherokee. We then use our proven methodology and professional customer service to maximize the recovery of providers personal injury receivables. Cherokee’s business model completely transparent – we charges a small percentage of the recovery so the more we recover for the provider, the more we share in the returns.
The benefits of Cherokee’s Medical Lien Servicing program are clear:
Frees Up Time for Your Office Personnel
Cherokee’s Lien Servicing program frees up time for office personnel to schedule more patients and to focus on processing more insurance claims faster. Your office staff will no longer have track down patients who have switched attorneys, get case updates or deal with demand packages.
Proven Methodology for Lien Servicing
Our best-in-class lien servicing team that updates progress of all patients’ legal cases on a quarterly basis to understand whether their case is in good standing, has been settled or dropped or needs a reduction.
Lowers Risk of Non-Payment
With Cherokee’s program and deep expertise have been proven to lower non-payment rates thereby increasing the returns for the doctors and their practice.
Higher Returns and Higher Cash Flow
In addition to lowering non-payment rates, our program has been shown in improve reduction and write offs, which provides healthcare providers with the best outcome possible – higher overall returns and improved cash flow.
At Cherokee, our goal is help our clients to get the best outcome possible. Our funding services are designed to help our clients stay afloat so they do not feel pressured to take a smaller settlement than their case is worth.
We help our clients rest easy because they only pay back their funds if they win their case. And, we take the worry out of waiting so our clients can give their attorneys the time needed to get the settlement they deserve.