Healthcare Finance Partnering with healthcare providers to deliver lien receivable management. MedBanker HealthCare Finance WWW.MEDBANKER.COM (747) 900-BANK [2265]
Our Services MedBanker is the top solution for lien-based accounts receivable reimbursement Plaintiff Medical Plan A Plaintiff Medical Plan (PMP) is an alternative reimbursement source to traditional health insurance. Medical providers accepting PMP are able to treat uninsured accident victims while eliminating the risk of reimbursement. A/R Servicing How much does your practice have in outstanding receivables? If you are unsure of the answer to that question, A/R Servicing may be the right option for your facility. Leverage our servicing support model to organize and retrieve your outstanding accounts receivable. We only get paid on payments received. A/R Advance Similar to traditional accounts receivable factoring, an A/R Advance provides the flexibility of immediate cash-flow without requiring the transfer of receivable ownership. A large percentage of projected receivables are advanced prior to the maturity date. The remainder of the A/R is released at the time of payment, minus a small advance fee. *Non-Recourse Funding - MedBanker takes on 100% of the risk of collecting the receivables MedBanker HealthCare Finance WWW.MEDBANKER.COM (747) 900-BANK [2265]
Our Services Plaintiff Medical Plan Medical coverage for the uninsured or underinsured accident victim Provider Coverage Hostpials Ambulatory Surgical Centers Orthopedists Imaging Centers Physicians Practices Pain Management Centers Urgent Care/ Clinics Large Heathcare Systems Chiropractic Centers Home Health Care Long-term Care/ Rehab Facilities Specialty Physicians Many more... Treatment Coverage Arthroscopy Videofluoroscopy Spinal Fusion Spinal Injections/ Pain Management Laminectomy/ Laminotomy Imaging Studies (MRI/CT) Rahabilitation Traumatic Brain Injury (TBI) Orthopedic/ Neurological & Spine Surgery Outpatient & Inpatient Surgery Procedures Medical Implant Devices Many more... Case Coverage Personal Injury Workers Compensation Motor Vehical Accident (MVA) Slip & Fall Product Liability Catastrophic Accident Premises Liability Dog Bite Pharmaceutical FELA Jones Act Pedestrain Accident Harmful-Toxic Environment Many more... BENEFITS FEATURES Instantly increase working capital; No more waiting years for personal injury or workers compensation cases to settle. Eliminate risk of non-payment, reduced payment or slow payment due to case dismissals and attorney negotiations. Non-recourse payment, meaning, if the lien is non-collectable, we assume the loss and you keep your money. Eliminate collection costs; No more expensive and complicated A/R tracking software, salaries for billing departments, outsourced collections, hassle of case follow-up, lien negotiations and bad debt. Predictable cash-flow when assigning new A/R; instantly sell your A/R at a predetermined fixed rate to balance cyclical receivable fluctuations. Use the money however you choose; fund operations, invest in new technologies, expand services, continued education, purchase medical equipment. Increased productivity; spend your time doing what you do best, treating patients. Let us deal with the paperwork. No interest rate or loan No fees of any kind Guaranteed highest payout; or we ll send you a $100 Visa Gift Card Faster Funding; returning customer can receive funds in as little as 4 hours! No upfront costs Patients are never contacted No cost to patient Strengthened attorney relationships No minimum or maximum bill amounts Single liens or bulk portfolios Fast & easy application. No obligation Free receivable appraisal
3fdfdf A/R Servicing Challenges: In today s environment, hospitals are not able to address and keep up with many revenue cycle issues, such as: Technology system upgrade costs and restraints Overwhelmed collections department Underperforming attorney negotiation settlements Unorganized receivable tracking processes Solution: MedBanker has built a master servicing management model which addresses each of the challenges through a proprietary software, which identifies and segments each case account into pre-defined recovery categories utilizing attributes pulled from public records and historical attorney data. Any account that is truly uncollectable is returned to the client as a bad debt write off, giving our in-house servicers the most efficient accounts to work, resulting in above average industry results. Once the accounts are categorized, they are assigned to one of our certified staff members who are experts in that specific category of servicing. Servicing waterfall process: 1) Obtain the most up to date attorney contact information utilizing a blend of web crawling automation and manual research 2) Contact attorneys utilizing an automated mail merge to limit human error, increase efficiency, and create a powerful 5-touch drip case status aggregation campaign, including; Fax blasting status forms, Website contact form submissions, Formalized email including web based and fillable PDF status form, Formalized postal mail status letter & form, and Follow-up phone call 3) Founded by personal injury attorneys, MedBanker leverages existing relationships with the leading PI attorneys to ensure lien negotiations are handled properly to maintain your attorney network and yield higher returns Understanding your portfolio: Approx. 90 days after servicing begins, you will receive: 1) insight into the forecasted timing of received satisfied payments 2) Insight into the Risk Adjusted Estimated Case Value for full or partial cash-out 3) We will provide weekly and monthly recovery reports, follow-up and case status reports, along with client web access for immediate update on any account. Price: Our servicing product is designed to align our interests by assessing a servicing fee of 18% on only what is recovered. All other accounts will still receive: 1) Updated attorney contact information (Law Firm, Attorney, Paralegal/ Case Manager, Phone, Fax, Email, Mailing address) 2) Individual case research 3) Organization of case status (settled, pending, case closed, in trial etc.) 4) Enhanced attorney relationships and referrals from attorneys already existing in the ever expanding MedBanker network.
A/R Advance Factoring is a financial transaction in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) for a predetermined factor fee. In "advance" factoring, the business owner sells his receivables in the form of invoice to the factor, who makes an advance of 70-80% of the purchase price of the receivable amount. The factor collects the full amount from the customer in due course and pays the balance amount due to the business owner after deducting commission and/or other charges TO ILLUSTRATE THE PROCESS: 1. YOU SUBMIT A CLAIM TO US THAT IS ESTIMATED TO COLLECT $100. 2. WITHIN 72 HOURS WE WILL ADVANCE YOU $75 (75% ADVANCE) ON THIS CLAIM. 3. IF THE CLAIM IS PAID BY THE INSURANCE PROVIDER WITHIN 30 DAYS WE WILL BE ENTITLED TO OUR ADVANCE ($75) PLUS OUR FACTOR FEE (2% OF $100 = $2.00) AND SEND THE REMAINDER ($23) TO YOU. *This option provides immediate cash-flow without requiring to sell the accounts receivable for a one-time discounted purchase price while remaining affordable due to equally distributed risk across both parties. Conventional high interest rate business bank loans have become a thing of the past for healthcare providers with the recent availability of accounts receivable advances. MedBanker HealthCare Finance l WWW.MEDBANKER.COM l (747) 900-BANK [2265]
Why work with MedBanker Healthcare Finance? Our mission is to deliver the highest value credit-free financing to support the sustainability and growth of medical providers, our clients. We facilitate business growth by connecting and funding providers, patients and attorneys. Transparency, efficiency, privacy and reliability are our cornerstones. 1. Unlimited Funding Capacity - MedBanker is the one stop institution for portfolios of all sizes, including our Micro-financing Program for transactions less than $5,000, or our $25 million + Jumbo Plus program. We offer a wide array of flexible products to customize a tailored solution to your needs. 2. Trusted Experience - MedBanker is backed by the largest assorted receivables purchasing companies, collectively providing liquidity to holders of deferred payment obligations of over $17 billion since 1995. Partner with a company like MedBanker that has the experience and financial strength to facilitate transactions for you for years to come. 3. Giving Back - Our Change for Change program will donate $.10 for every $100 of receivables purchased to the organization of your choice. You will receive quarterly reports on the total contributions made to date. 4. Guaranteed best payer - We are so confident that we will get you the best price that we will put our money where our mouth is. If you receive a better offer, send it to us and we will send you a $100 Visa Gift Card 5. Built for speed - Our streamlined funding process is designed to ensure that every step from click to cash is either optimized for efficiency or eliminated altogether. Returning clients can receive funds in as little as 4 hours due to less required information which is why it's our mission to achieve 100% client satisfaction for on-going receivable management. 6. Relationships are everything - We understand that your network of healthcare providers, attorneys and patients comes first. Our goal is to assist this network with liquidity to ensure the best possible outcome for all parties. A relationship manager will be assigned to every file to ensure a consistent customer experience. MedBanker HealthCare Finance l WWW.MEDBANKER.COM l (747) 900-BANK [2265]