Puma Management Smart Financing provides needed cash flow while protecting your business relationships.
There are plenty of companies out there who will write a check for your medical receivables. Our goal is not only to provide cash flow for your receivables but to help you build your practice and cash flow – both short and long-term.
The provider must ensure the fee schedule, patient intake, scheduling, documentation and attorney communication are effective to ensure a positive outcome for the patient, support for the attorney and case and ultimate payment for the provider. We review all aspects of your lien program and ensure it is optimized for success.
Knowing all available payment coverage options is critical when accepting a Lien. There are sometimes insurance payment options unexplored by the attorney. There are also considerations with accepting insurance on Lien cases. It is important to understand case facts such as liability coverage, accident details and prior injuries. We assist our client in collecting these critical facts to understand payment options and assess the likelihood of a future positive settlement.
Most attorneys are very busy with their practice, and sometimes fail to inform the provider when the case status changes. We request ongoing status updates and can project when cases are likely to settle. When issues arise in a case, we can identify quickly and help our clients take appropriate action.
One way to realize an immediate benefit for your medical services on an Lien case is to engage in funding. We provide our clients with this option, where they receive an immediate payment for the medical receivable, at a pre-negotiated rate. There are instances where it may make sense to hold the receivable until settlement. We help our clients with ‘sell or hold’ decisions and manage the process for them.
Business competition is fierce, and the health care industry is no exception. No matter your type of practice, you must have structured Marketing & Business Development programs in place to identify market opportunities and successfully pursue those opportunities to grow your business and retain existing customers.
