Doctors
Give your patients the treatment they deserve
Cherokee Funding is the healthcare industry’s trusted leader for purchasing and servicing of medical liens.
With more half of all medical liens taking over 18 months to resolve, healthcare providers know the financial challenges of treating personal injury patients all too well.
Cherokee offers a two part financial solution to healthcare practices:
- Purchases existing medical liens,
- Payment at time of treatment for all new personal injury patients so providers no longer need hold liens.
Cherokees’ approach ensures medical providers are paid upfront and patients receive the medical care they need.
Medical Lien Purchase Program
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.
Medical Lien Service Program
With Cherokee’s Medical Lien Servicing, 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 the receivables. Cherokee’s business model is completely transparent – we charge a 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.
Are you interested in selling your existing medical liens?
Request a Free Quote for Your Medical Lien Portfolio
