Settlement for personal injury claims typically requires resolution of healthcare liens. When a lien (whether by a health insurer or government provider) is asserted against your client’s settlement proceeds, both you and your client are obligated to accurately track, negotiate, and report on the resolution of that lien. Failing to fully comply with healthcare lien rules and regulations can expose you and your client to financial and regulatory risks.
In this article, we will share the advantages of outsourcing the lien resolution process.
Gain a Knowledgeable Partner
Lien resolution can be a complex maze for novices. An in-depth understanding of the relevant industry laws and policy requirements is necessary to resolve each of your client’s liens. Noncompliance with healthcare lien rules comes with significant consequences, and lien holders can be difficult to work with. You need specialized knowledge to reduce or eliminate your client’s lien obligations. When you outsource your clients’ lien resolution issues, you gain a knowledgeable partner that can devise an action plan to help you manage the process in the most cost-effective and efficient manner possible.
Reduce Operating Costs
Controlling your operating costs is the most efficient way to improve your firm’s profitability. Lien resolution involves understanding the federal and private coverage paid for your client’s treatment. Unfortunately, most clients may not have a complete record of these bills and payments or they may have multiple liens associated with their recovery. Many times attorneys are left trying to sort everything out. The significant amount of time you will spend making phone calls, negotiating with lien holders, analyzing records, and writing correspondence will increase your operating costs. Don’t waste your time if you do not possess the necessary expertise to quickly resolve your client’s liens or both you and your client will end up frustrated.
Leave a Lasting Impression on Your Clients
Once a case is settled, your clients will be anxiously awaiting their settlement money. The last thing they want to hear is that their attorney is still sorting out the details of their healthcare lien. As their attorney, you are responsible for ensuring that every lien is addressed and finalized. How fast you can deliver will determine how satisfied your clients are and whether they will speak highly of you and refer your firm.
Settling a lien is an intricate process that can take you away from your core expertise and duties. You can address liens internally or engage a third party, such as Synergy Settlement Services. We provide comprehensive lien resolution services to meet the needs of attorneys and their clients. If you are ready to eliminate the frustration of lien resolution, contact us today.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.