BOULDER. February 13, 2008. Innovative Healthcare Financing, LLC, a Colorado company, announces its Medical Lien AR Purchase Program available to medical providers who treat personal injury patients.
This announcement comes as an increasing number of medical providers struggle under the change in Colorado automobile law. Under this medical lien purchase program, medical providers and facilities now have several options to convert their existing medical lien accounts to cash.
Colorado switched to a "Tort" state on July 31, 2003. This system requires uninsured victims of motor vehicle accidents to complete their medical treatment before their legal claim can be settled. This system places additional burdens on medical providers that treat this growing patient segment.
"We've found that medical providers have been very receptive to working with us to convert their medical lien accounts to cash and removing those question marks from their books. Our AR purchase programs are the only viable option available for them to monetize those assets." states Stephanie Pyatt, Legal Accounts Manager. "Our providers also appreciate that their patients aren't affected by the conversion because we don't charge the patient anything beyond that which they owe to the provider."
Denver chiropractor Jim Hoven has been willing to provide treatment and wait for payment through a medical lien agreement with the patient. When he decided to convert some of his medical lien accounts to cash, he looked to IHF as the ideal business partner. "What I looked for was someone who would respect my referral sources and not damage any of my relationships. It was equally important that my patients not incur any additional costs beyond the amount of my invoices. With IHF, we found the perfect solution."
ABOUT INNOVATIVE HEALTHCARE FINANCING
Innovative Healthcare Financing is a Colorado company that provides financing services for uninsured or underinsured victims of motor vehicle accidents, or other personal injury claims, to receive the medical care they need through their no cost Medical Lien Program.
IHF can be reached at:
www.InnovativeHealthcareFinancing.com or 720-290-5811 for more information.