Still Chasing Personal Injury Settlements That Take Forever to Pay?
Posted in CategoryGeneral Discussion Posted in CategoryGeneral Discussion-
Halena Pill 3 weeks ago
The task of maintaining records in a collection of an orthopedic and pain management clinic in the Northeast over the past few years has actually brought out how cumbersome personal injury reimbursement is. Handling protection letters, negotiating liens with lawyers, verifying policy limits, and, in many cases, taking lower settlements that do not reflect our full charges causes significant cash-flow deficits. We began making weekly follow-ups on cases pending, and this has assisted in shifting some cases along; however, the overall delays are a large drag. Has anyone outsourced a personal injury collections team specifically to manage the attorney outreach and lien resolution? Were there reduced wait times and recovered more money meaningfully, or were the fees too high? The firsthand experience of people who went through it would be most welcome- thanks!