Tuesday, 20 October 2009

Lawsuit Loans - Do Chiropractors Hurt Your Chances of Obtaining Settlement Funding? Part II

By Dr. Tom Rhudy

As stated in Part I of this series, many insurance carriers attempt to minimize services chiropractors perform. While there are many reasons that the insurance carriers would make such an assertion, the principal reason is that when chiropractors provide care and treatment to those who suffer injury as a result of someone else's negligence, many of the services physicians and surgeons would deny these individuals, chiropractors will work closely with them to both provide the care they are able to provide and coordinate care with physicians and surgeons willing to assist in the co-management of such cases.

The likelihood of obtaining a lawsuit loan is increased when the extent of injuries and losses are clearly demonstrated in your record. When the physician from whom you seek care following such injuries either fails or refuses to acknowledge the mechanism causing your injuries, in many cases referencing instead a covered medical condition, settlement funding will be difficult to obtain.

Management of such cases is greatly enhanced if chiropractors experienced and knowledgeable accept your case, providing tremendous value to you, your attorney, and the lender.

Imagine trying to establish the injuries you sustained when the record is silent as to the occurrence of the event on which your claim is based. Your attorney's hands are tied. You have little recourse. This situation arises most frequently due to one reason, and one reason alone. Most insurance policies do not cover losses arising as a result of someone else's (i.e., a third-party) negligence.

Physicians do not acknowledge the third-party's role in causing your injuries to avoid performing non-covered services. Insurance carriers often deny that you suffered an injury or loss, relying on your physician's medical record.

The injuries you sustained and for which you are awaiting a lawsuit loan, as we discussed in Part I, are frequently conditions in which chiropractors receive extensive training, enabling them to very effectively evaluate, diagnose, and treat them. Your ability to obtain settlement funding will certainly increase when both the nature and extent of your injuries are clearly identified.

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