Surgery Center (ASC) Services

Velocity Can Solve ASC Medical Funding Cash Flow Challenges

The difficulty with a medical lien or letter of protection is that it often takes years for your ASC facility to be paid, and assuming there is payment, you will frequently be asked by the attorney representing your personal injury patient to take much less than you billed due to the legal case resulting in an unsatisfactory settlement or even a defense verdict.

Velocity Medical Receivables Solutions is the answer to your cash management challenges. We will custom design a solution for your portfolio of legacy letter of protection (LOP) medical lien receivables.

No two Surgery Centers are the same; different demographics, different specialties, different financial makeups, so why settle for an off the shelf solution? We specialize in purchasing personal injury medical liens from a full spectrum of ASC facilities and surgeons who treat personal injuries, such as Orthopedics, Spine Surgeons and many more.

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Our entire organization is committed to provide medical facilities and providers the optimum solutions based on their specific circumstances – whether it’s to cover their overhead or expand their organization.

— J. Douglas Mears – President, Velocity Medical Receivables Solutions

Ambulatory Surgery Center Challenges

Medical liens add up quickly

Personal injury medical liens often accumulate quickly at Surgery Centers as you juggle keeping your ASC running at a peak volume and maintaining consistent cash flow. As insurance companies seek to continue to cut costs, ASC directors increasingly need to find ways to expand patient flow. As a result, your outstanding personal injury medical liens become an eyesore on your financial statements due to either non-payment or slow and partial payments.

The staff required to manage these liens can get very expensive. You need someone to track each case by frequently following up with the attorneys who represent your patients to make sure you are paid if and when the legal case eventually settles.

Unfortunately when your patient’s legal case is lost due to a defense verdict, you will receive nothing.

 

Don’t miss out on the payments due to you!

Sadly, we frequently review personal injury portfolios from ASC facilities where the legal matter has already settled, only to learn that the ASC facility was not informed of the legal case settlement and received no payment.

Now the ASC facility is faced with having to take legal action against the attorney who represented their patient (or their patient directly) to try to recover the payment they are rightfully due.

Don’t let your ASC facility suffer from unpaid liens – align with Velocity to maximize your financial position.

How We Add Value

At Velocity, we are a veteran group of professionals with years of experience in working with personal injury attorneys at the end of their cases. Our recovery rates are some of the highest in the industry and we do so while ALWAYS protecting your important relationship with your patient’s attorney.

Improve Cash Flow

By working with Velocity Medical Receivables Solutions your ASC facility will receive a fair purchase price quickly for your aging medical lien portfolio! Why wait for payment when you can be paid now?

We are easy to work with

Give us a call and we can talk you through our data collection and review processes, so we can formulate the best solution for you and your facility.

We are well funded and can wait

We understand that personal injury cases often take years to settle. We do not pressure attorneys to settle quickly as we have no role in the legal matter. Our job is heightened at the end of the legal case when the proceeds from the legal matter are being distributed.

Reduce your overhead

Reduce your administrative collections costs so you can focus your attention on other matters. We can continue purchasing your receivables ensuring you have predictable consistent cash flow.

Fast efficient underwriting

Once we have the data associated with your portfolio, our underwriters will efficiently review and develop an optimal financial solution for you.

Referrals

We have purchased medical receivables on cases managed by many of the top personal injury law firms throughout the country and are often contacted by them for medical referrals. We can possibly introduce you to some law firms who may be new to your facility.

Contact us Now to Improve Your Cash Flow

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Improve Your Cash Flow With Velocity