Why Should you Outsource Lien Resolution Services?
As attorneys, we all build our reputations on providing the most comprehensive service possible for our clients. This is often the key to having clients repeatedly refer your services to friends and family members and the general building of a successful practice. For attorneys that focus on personal injury, a challenging part of providing comprehensive services is dealing with liens from Medicare and healthcare providers, among other entities. When you reach a settlement for your client, all liens should be resolved prior to releasing funds. In this situation, the challenge is twofold. You must understand who has lien rights in your case and be able to analyze and negotiate what charges lienholders should be reimbursed for. Second, you have an obligation to your client to make them aware of any potential liens that may affect their settlement. Failure to complete either action can be problematic.
The process is complex and the consequences are significant. That’s why it’s critical to consider a firm that specializes in lien resolution when working with certain clients. Lien resolution services may seem like an additional layer of costs that may take away from revenues. However, it’s more appropriate to consider it as an investment in providing better services for clients and proper utilization of your own resources.
Reasons to Outsource Lien Resolution
There are a number of business reasons why an investment in lien resolution services is wise and advantageous to your business. This includes:
- Allowing you to perform core functions: Lien resolution is a complicated, detailed process that can take lawyers away from the core work of representing their clients. A lien resolution service can take this off your plate and allow you to provide more thoughtful counsel that is based on your own areas of expertise.
- Resources and expertise: Lien resolution services, like the ones provided by Synergy Settlement Services, are conducted by experts with a wealth of experience in this area. They understand the nuances of working with Medicare, healthcare providers, and insurance companies, and can negotiate a reduction in your liens.
- Staying current on policy changes: A lien resolution service will step abreast on all changes in policy involving liens. When working with a lien resolution company, you can be assured that are working under the most current set of rules.
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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.