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Medical Funding Frequently Asked Questions

What is Medical Funding?

Medical Funding is a service that allows people who have had personal injury to get the medical treatment that they need even if they are uninsured, underinsured or have a high deductible.

How does Cherokee’s Medical Funding work?

Clients get treated by healthcare providers in Cherokee’s network. Cherokee pays the healthcare provider for the patient’s medical treatment. Cherokee gets paid back from the proceeds of the patient’s personal injury settlement.

Why use Medical Funding?

Medical Funding services are a great option for people hesitant to get the medical treatment they need due lack of insurance, being underinsured or having high deductible.

What types of treatments are covered?

Patients can get virtually any type of treatment needed to ensure they are getting their injuries tended proper care – whether it’s a consultation, MRI, physical therapy or surgery.

Cherokee has a network of healthcare providers include diagnostic centers, orthopedists, pain management specialists, physical therapy, hospitals and surgical centers.

How does much does it cost?

There are no out of pocket expenses to the patient, no upfront fees or interest.

How does Cherokee make money?

Cherokee pays the healthcare provider an amount less than invoice. Cherokee collects the invoice amount from the client’s settlement. Healthcare providers like it because they are paid quickly.

Medical Treatment Funding is Non-Recourse

Non-recourse means that Cherokee’s Medical Fundings are not loans. Rather, Cherokee pays healthcare providers for your medical treatment and gets paid back from your settlement only if you win a settlement. If your case is lost, no repayment is required.

What are your interest rates for medical funding?

There are none – we provide the you or your attorney the invoice from the provider. Cherokee gets paid the exact medical bill with no additional charges or interest.

Contact Cherokee Funding

If you are considering medical funding to cover the costs of treatment after an accident, we’re happy to answer your questions. We will review your case with you and your attorney. Contact us today to find out more about how we can help you.

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