ProMed 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.
With over 100 years of combined experience in the healthcare, personal injury and finance industry, the principles of ProMed provide unparalleled ability to quickly understand, address and deliver financial solutions to healthcare providers in the personal injury field. Unlike other medical lien funding companies who seek to “broker” medical lien purchases, ProMed uses its own capital. Because of its high capitalization and strong financial position, ProMed is able to act more quickly and confidently than its competitors. Further, the owners of the company are also the operators, so that you are dealing directly with a decision maker rather than an administrator who has to go through a bureaucratic process. We also take pride in acting as a strategic partner to the people we fund, lending our years of experience managing physicians with over 90,000 patients to help you grow and manage your practice. We believe that strong relationships deliver powerful returns, and we take pride in our relationships with our current clients who have turned into our best supporters.
Through our Forward Flow Program, we also offer our clients the opportunity for us to commit to funding a case before the medical care is provided. The Forward Flow Program is explained in more detail in the Healthcare Providers section.