Neosho, MO (PressExposure) October 16, 2007 --
Healthcare Facilities in today’s legal climate are faced with the gauntlet of problems which include:

• Rising operational costs
• State and Federal cut backs
• Federal laws ensuring emergency medical care for all patients

These challenges are just the beginning of issues facing America’s hospitals and with all too many of such obstacles to negotiate, it’s no wonder hospital administrators describe the fiscal juggling act they do to survive the gauntlet as “extremely difficult”.

The fact is Federally funded medical institutions are under statute to provide treatment to all emergency patients and to date, statistics show more than 50% of the emergency patients admitted annually have no proof of insurance at the time of admission. While emergency treatment is provided without a guarantee of compensation to the medical facility, the same medical provider later must exhaust more resources in costly collections. For clients who have a litigation claim i.e. an auto accident case, the medical provider’s interests are protected by the Lien or Letter of Protection or "LLOP".

Despite what appears to be a financial solution for the medical care provider, the LLOP leaves medical facilities “with the short end of the financial stick” as all too often the revenues the LLOP are to generate are instead an unreliable instrument for resolution. Briefly let’s examine the LLOP and the challenges medical facilities face when using this legal instrument:

Fact 1: The first issue medical facilities face when using the “LLOP” is this legal provision provides absolutely no guarantee of financial resolution when the pending litigation case is lost.

Fact 2: A second problem arises when medical providers who utilize the LLOP have no way of predicting when insurance proceeds will be received on accounts payable, some LLOP take years to resolve.

Fact 3: Yet another issue arises when medical providers are forced to protect collection rights and create negative public relations when pursuing patient assets. A negative image is not what medical providers want to have as a reputation in the communities they serve.

Fact 4: Another issue arises when medical facilities who have significant overhead themselves have no leverage to enforce the “at fault insurance carrier” provide prompt payments for the services rendered which they assume liability for.

When any of the facts presented are encountered by a medical facility a provider must face business decisions of either absorbing the losses or spend more resources pursuing patient assets. While both options provide limited benefits neither option actually provides a real solution. Thus from both a financial and administrative perspective the Medical Lien Letter of Protection makes “keeping the lights on a challenge". The LLOP’s weaknesses prove over and over again this instrument is not an effective solution to fiscal medical management.

Is There A More Effective Solution?

It appears so and the answer is found with a financial consulting firm called 1st Choice Funding who’s online presence at http://1stchoicefunding.com/medical.html provides details the LLOP solution. The program is called “No Risk...No Wait…Payment Today” Medical Lien Buyouts and it is through this approach that 1st Choice Funding takes the risk out of the LLOP because the company utilizes investor capital to purchase an entire medical portfolio. In fact medical facilities have an option to either sell their entire portfolio and/or continue to sell all future LLOP files as well. Thus doing so medical providers can now convert uncollected patient accounts into a veritable “cash cow” as a medical facility becomes infused with millions of dollars at the conversion of medical liens with guaranteed revenue.

For medical facilities who utilize the program each continues to comply with State and Federal guidelines for uninsured patient services while increasing revenue through ongoing medical care and improved occupancy rates. Without a doubt for the first time in medical history healthcare facilities are offered an effective “Financial Bridge” to fiscal management which unlike health insurance carriers and government agencies, whose red tape and vexatious delays cost medical providers in resources, 1st Choice Funding is eager to provide capital to medical facilities through the LLOP buyout program.

Briefly Examine The Benefits of the LLOP Buyout Program:

• The No Risk Program Provides A Cash Infusion from the Sale of Existing Lien Portfolios
• The No Risk Program Provides Capital When Services Are Rendered For Plaintiff Care
• The No Risk Program Provides Eliminates Future Risk of Collection
• The No Risk Program Provides Capital On Unsuccessfully Litigated Cases
• There's No Collection Resources Required When Cases Are Resolved
• The No Risk Program Eliminates All LLOP Collection & Management Expenses
• The No Risk Program Provides the Environment For Positive Patient Relations At All Times

About 1st Choice Funding

For more information log on to http://1stchoicefunding.com/medical.html ######

1st Choice Funding CEO Kari E. Gray has developed innovative financial services "because money doesn't come with instructions" . The company's commitment is raising, managing and protecting capital and with over 22 years of business and financial management Kari E. Gray is an expert in all areas of business operations and finance.

Press Release Source: http://PressExposure.com/PR/1st_Choice_Funding.html