- Payroll & HR Solutions
- IT, Staffing & Consulting
- Auto Account Receivables
- Funding & Factoring Services
- Billing & Collections
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& Payment Systems
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As more patients take responsibility for more of their healthcare costs, and auto insurance companies do everything in their power to delay, deny, reject, and not pay medical bills timely, medical providers and hospitals bear the significant financial burden of writing-off costs for those medical services and procedures rendered, causing a huge risk and negative impact on their cash-flow, revenue cycles, profits, operational cost, investment opportunities, etc.
It’s important to know the Actual Cash Value of your aged private-pay/auto account receivables so you can objectively consider how to get the best return on these assets. Let’s discuss doing a valuation of your aged private-pay/auto account receivables, including a quantitative analysis to your historical performance to arrive at a valuation of your portfolio of accounts. We have helped increase the value of your late-stage patient accounts with fast payments made upfront to you, while sharing the back-end of the account receivables with you in most cases.
Even if you have all the appropriate medical liens and letters of protection on file, you will risk waiting years to collect any potential payments, and when that time comes, you will most likely end up being forced to take a significant reduction in payment that is unacceptable to you, where more importantly, you were never aware of a litigation legal-case resulting in an unsatisfactory settlement, and without regards to your overall aggregate balance of amounts billed over several months of quality-care you rendered to the patient/client.
We can help address your cash management challenges by working closely with you, towards implementing a customizable medical receivables solution in your medical practice or organization, to help fund and monetize all your aging auto / medical account receivables, and turn your potential money sitting on your ARs paper, into tangible money sitting in your bank account.
We purchase and fund auto / medical account receivables from all medical providers and healthcare professionals, including any facility or provider that bills auto insurance companies for any auto personal injury clients.
WHAT IS A MEDICAL LIEN AND HOW DOES THAT IMPACT YOUR COLLECTIONS AND INJURY SETTLEMENT
Of all of the challenges and worries faced by injury victims in the aftermath of a serious auto accident, astronomical medical bills are near the top. You wonder how you’re going to collect on those bills, and all other treating physicians, surgeons, hospitals, rehab centers, and other health care providers who treated the same patient wonder the same thing.
Typically, patients will file a personal injury lawsuit, seeking compensation from the person or company that caused them to incur those medical costs, while all healthcare providers like you, are going to expect to be paid from any amount recovered either through settlement or after a trial. To ensure health care providers get their cut of any damages recovered, they must file what is known as a “medical lien.”
A “medical lien” attaches to the cause of action brought by a plaintiff in a personal injury suit and, if properly filed, entitles them to recover the fees and costs they incurred in treating the injuries that were caused by the defendant. In order for a medical lien to attach to any damages recovered, the medical care provider must provide written notice of the lien to the patient and to the persons, entities, and insurers claimed by the patient to be liable for damages arising from the injuries.
Let Ogratis help you navigate through all that red tape, and ensure your optimum protection to collect the most possible on your auto personal injury medical claims and liens, via our experts, as well as, our well capitalized partners and providers.
At Ogratis, 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 Ogratis Medical Receivables Solutions you will receive a fair purchase price quickly for your aging medical lien portfolio! Why wait?
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 organization.
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
Our team of professionals will help reduce your administrative collections costs so you can focus your attention on other matters.
Fast Efficient Underwriting
Once we have the data associated with your portfolio, our underwriters will efficiently review and develop an optimal financial structure for you.
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 organization.