Whether your healthcare system is public, non-profit or for profit, the greatest collection risk for hospitals remains the uninsured patient.
That is why at Toral Law, we have developed an innovative legal recovery solution to help you maximize reimbursement when an uninsured injured patient receives a personal injury or Third Party Liability (TPL) cash settlement. Our early intervention strategy helps identify every potential TPL case usually within 48 hours of the patients ED visit leading to a significant increase in the total number of viable TPL cases and boosting cash flow.
These legal cases represent significant lost revenue for the majority of the healthcare systems in the U.S.
Why? Because RCM apply a collection solution to a uniquely legal problem. As a result, applicable hospital lien laws are underutilized. Most hospitals file comparatively few hospitals liens relative to the total number of TPL cases. Fewer still have specialized legal support to effectively negotiate and recover from other personal injury law firms in TPL related claims.
Successfully recovering in TPL cases requires more than A/R management, revenue integrity or general collection experience. It demands a consistent and dedicated concentration in TPL cases.
That Toral Law has exclusively focused on recovering from third party liability payor sources for 20 years is a big differentiator for us.
As your strategic legal partner we operate on a contingent pay for performance basis. Together we win.
If we have the privilege and honor of representing your healthcare system we will develop an effective customized solution to improve financial performance in TL related lien accounts in both hospital lien law counties and non-lien law counties.