Who We AreProMed Capital (“ProMed”) is a financing company for medical providers, surgery centers and healthcare facilities who use medical liens or medical letters of protection (“LOP”). We fund medical services for patients who have been injured as a result of a personal injury accident. ProMed will provide medical bill payments on behalf of patients with personal injury claims and obtain a medical lien or LOP against any possible future legal proceeds. Finally the victims of personal injury can get access to the healthcare they need whether they have health insurance or not, and medical providers can now take patients whom they previously turned away and immediately improve cash flow and financial liquidity.
ACCESS TO HEALTHCARE FOR PERSONAL INJURY PATIENTS
>ProMed facilitates healthcare services to personal injury patients as well as delivers healthcare providers with needed cash flow by purchasing and/or servicing their outstanding medical lien receivables. ProMed accepts all of the financial risk so that medical providers can be paid upfront for their services, and patients can receive the level of medical care they need.
>We also provide personal injury attorneys and their clients with Board Certified doctors who specialize in Pain Management, Orthopedics and Neurosurgery on a medical lien or letter of protection basis. ProMed specializes in financing surgery costs within the Personal Injury industry, which include but is not limited to: surgeon fees, facility charges (hospitals/surgery centers), anesthesiology costs, implants (hardware used in surgery) and surgical clearances.
>ProMed quickly monetizes accounts receivable medical liens with the underlying lawsuit as collateral. Our process includes documentation collection, receivable analysis, third party billing and collection, and management of the process from funding to collection. ProMed buys the medical lien or LOP form the healthcare provider and thus eliminates the risk associated with waiting and hoping to collect when the personal injury case settles.
>Through our underwriting expertise and experience, ProMed is willing to take that risk. Through our “Forward Flow Program”, ProMed also can act as a third party payer to healthcare providers by agreeing to purchase medical liens before the medical care is provided and funding the provider immediately after it has been performed.