If you’re dealing with the ramifications of a doctor’s or hospital’s negligence and have chosen to take legal action against the negligent individual or entity, medical malpractice lawsuit funding could help you cover your expenses now instead of waiting through a long litigation process for compensation.
When you seek medical treatment from a health care professional, you expect to leave in a better condition than when you arrived. When physicians make reckless decisions, however, patients can be injured. Instances of medical malpractice are more common than many people realize. According to a Johns Hopkins study, medical errors contribute to more than 250,000 fatalities per year. That means that medical malpractice is the third leading cause of death in the United States.
While more than a quarter million people die from medical mistakes every year, it’s likely that even more are injured and forced to deal with the consequences on their own. It’s unlikely a negligent doctor will admit their mistake, which is why filing a personal injury claim is often the best way to hold them accountable and seek monetary recovery for your injuries. Unfortunately, the litigation process is often complex and lengthy. If you have expenses piling up and are falling behind on your bills, receiving medical malpractice funding from Preferred Capital Funding can keep you on your feet until your case settles.
The Pros and Cons of Lawsuit Funding
Understanding the advantages and disadvantages of settlement funding is crucial in order to make the decision that’s right for you. To do so, you must first understand what lawsuit funding is and how it works.
Applying for a pre-settlement funding is not a rigorous process. We do not need to look at your credit history, income, expenses, collateral, the requested borrowing term, or your employment history or status. Our funding company will only take into consideration the status of your personal injury claim and whether or not your lawyer is willing to work with us.
There are also advantages when it comes to paying back your pre-settlement funding. You won’t need to worry about paying us back in monthly installments. To make the repayment process easier we’ll receive payment in one sum from the settlement’s compensation. You only pay us back if you win your case. If your case does not go as planned and you do not receive compensation, you keep the funding you received from us. In most states, you don’t have to worry about paying it back if you case fails. Additionally, the interest, regardless of the rate, and fees will be determined up front, so you know what to expect.
As you can already see, there are numerous benefits of seeking lawsuit funding. In addition to the easy application process and simplified repayment plan, the money will give you the opportunity and time to negotiate a better settlement. When you aren’t worrying about paying for hospital bills or putting food on the table, you can focus on helping your attorney build a strong case. You also won’t be pressured by insurance companies to settle early for less than you deserve.
Types of Medical Malpractice Cases We Fund
Medical negligence by a doctor can come in a number of forms. Many of the errors, however, can be traced back to inadequate communication, disregarding protocol, or inexperience. The resulting injuries have long-term consequences. Certain mistakes are more costly than others. We’re aware that there are numerous circumstances that can result in a personal injury claim. Some of the cases we fund include the following:
- Misdiagnosis or Failure to Diagnose. When a physician neglects to conduct a proper examination and misses key symptoms or signs, they risk misdiagnosing a patient. In some cases, they may completely fail to provide a diagnosis at all.
- Surgical Errors. Procedures that take place in the operating room always come with certain risks, but actions like failing to properly monitor the patient or leaving medical equipment inside the patient can cause serious injuries.
- Anesthesia Mistakes. The anesthesiologist has a crucial job when a person is undergoing a procedure that requires sedation. Too little anesthesia could result in unnecessary pain or complications, while too much could cause brain damage.
- Improper Medications. All the members of a patient’s care team need to ensure the proper medications are being given at the proper dosages. If a patient has a severe reaction that was entirely avoidable, someone should be held accountable.
- Defective Medical Devices. Medical device manufacturing companies are supposed to ensure their products are safe for patients to use. Unfortunately, improper testing or cutting corners to save money can result in the distribution of dangerous devices.
Submit Your Application with Preferred Capital Funding Today
Applying for medical malpractice lawsuit funding is fast, easy, and free. All you need to do is complete our online form or give us a call. Once we’ve verified your personal injury claim is active, we’ll discuss your case with your legal team and determine how strong of a claim you have. When we’ve approved your application, you could have your funding in as little as 24 hours. More complex cases generally take a few business days.
There’s no need to struggle financially while waiting for a medical malpractice claim to settle. The litigation process is stressful enough. Pre-settlement funding can provide you with the money you need to maintain as much order in your life as possible during this difficult time.
