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.

If chiropractors experienced and knowledgeable in the management of such cases accept your case, they can be of tremendous value to the lender, as well as both you and your attorney.

It is very difficult to establish the extent of injuries sustained if there is no mention the mechanism by which those injuries occurred in the medical record. Your attorney's options are limited. There is little that you can do once this is discovered. One reason, and one reason only, serves as the basis of this situation's frequent occurrence. Losses arising as a result of someone else's (i.e., third-party) negligence are not covered by most insurance policies.

The best way for physicians to avoid this obstacle is to pretend that the third-party played no role in your injuries. This is often the lynchpin on which the insurance carrier will deny that you suffered injury in the first place!

As we discussed in Part I, many chiropractors receive extensive training in the procedures involved in the evaluation, diagnosis, and treatment of the musculoskeletal injuries that often result from personal injuries, those injuries on which you are awaiting settlement funding. Clearly identifying both the nature and extent of your injuries will go a long way in assisting you in obtaining your lawsuit loan. - 29969

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