While we depend on medical professionals to help our physical bodies, sometimes they fail to deliver the treatment we need. If you’re considering borrowing money from a pending medical malpractice claim, Baker Street Funding provides advances to personal injury victims of medical malpractices all across the United States. All plaintiffs with active lawsuits seeking damages from doctors, surgeons, medical representatives, hospitals, and other healthcare firms can now apply for funding. Secure the funds you need against your pending or already settled medical negligence claim, and support yourself while your legal battle successfully concludes. For further details on how lawsuit loans could benefit you, you can reach us by calling us at 888-711-3599 or by applying today.
How lawsuit loans help medical malpractice victims?
It is easier for insurance companies and hospitals to manipulate injured plaintiffs who do not seek funding from their lawsuits. Many times, unstable personal injury victims quickly submit before their terms of a settlement proceeds to the maximum value. The doctor, clinic, or hospital’s insurance may compel you to agree upon a much lower settlement amount than what you truly deserve through manipulation and “delaying tactics”. Secure yourself adequate protection under cover of legal funding to help you balance your position with them.
Pre-settlement cash advances for malpractice lawsuits are a reliable source of have proven to be the ideal way to keep an injury lawsuit moving forward. These advances are primarily beneficial for victims seeking compensation that otherwise could take years to resolve. Pre-settlement lawsuit loans designed specifically for medical negligence claims enable plaintiffs to get immediate cash towards their anticipated settlement or court award of damages.
How does it work?
Fill out our lawsuit loan application easy and fast. Only provide general details about your case and your contact info in minutes.
Then, when your attorney sends the required documentation for your case, underwriting will study your case before approving it in a matter of 24 hours.
Upon approval, we generate a contract for you and your lawyer to sign, once executed, funds are released.
See more pre-settlement funding advantages.
Need an immediate loan for your injury caused by the negligence of a medical professional? Then, you’ve come to the right spot. While your chances for a favorable decision on your claim for personal injury may be great, the process will still take time, and your bills and other financial obligations will continue to stream. Baker Street Legal Funding could provide you with thousands of dollars in advance of your settlement, depending on the case and the expected compensation amount or jury award. See the lawsuit loan advantages for your malpractice claim.
Medical malpractice pre-settlement loans have no risk.
First and foremost, pre-settlement funding is not the same as loans, which means that medical negligence victims do not add to their existing debts while seeking funding for their cases. Hence, there is no risk of impacts upon a financially struggling victim’s credit report or ratings. This keeps opportunities to obtain emergency lawsuit loans in the future open for injured victims like you, who may be at greater vulnerability to financial hardships due to physical impairments.
Secondly, out of the money you get once your case wins, either through the court’s order or offered in a settlement, only then, the lawsuit funding company will get its fair share. However, the repayment of the loan will be forgiven if the case ends up with the loss of judgment of the court or any settlement agreed upon. You, who may already be suffering from crippling stress and anxiety due to physical impairment, will have nothing to lose.
Medical malpractice settlement advances are non-recourse financing agreements. This means that we will only get paid if the medical negligence claim concludes either in an award of damages or a settlement.
First of all, pre-settlement funding is not the same as loans, which means that medical negligence victims do not add to their existing debts while seeking funding for their cases. Hence, there is no risk of impacts upon a financially struggling victim’s credit report or ratings. This keeps opportunities to obtain emergency loans in the future open for the injured victims, who may be at greater vulnerability to financial hardships due to their physical impairments.
Secondly, out of the funds reimbursed to the plaintiff either through the court’s order or offered in a settlement, the lawsuit funding company will get their fair share. However, the repayment of the lawsuit loan will be forgiven if the case ends up with the loss of judgment of the court or any settlement agreed upon. The victim, who may already be suffering from crippling stress and anxiety due to physical impairment, will have nothing to lose.
Medical malpractice settlement advances are non-recourse financing agreements. This means that the funder will only get paid if the medical negligence claim concludes either in an award of damages or a settlement.
Thousands of patients are left injured each year at the hands of the very medical practitioners they trusted. When you are involved in medical malpractice litigation, you may have to wait a long time to see a settlement on your claim. Because attorneys working for big insurers get paid to keep complaints to a minimum, being injured is only the beginning of a long process for medical malpractice lawsuits. The long and arduous wait to receive fair compensation for your injury can become a personal financial struggle.
Medical Malpractice can come in different types. Nevertheless, most of the mistakes can be traced back to improper communication, lack of protocol, or inexperience. Some errors are more costly than others. The effects of the resulting injuries are long-term. Some of the medical malpractice cases we’re funding include:
•Wrong Diagnosis. When a doctor neglects to conduct a proper exam and ignores key symptoms or signs, they risk misdiagnosing a patient. In certain cases, they can fail to make a diagnosis entirely.
•Surgery Errors. There are often certain risks associated with operations, but acts such as failing to track the patient correctly or leaving medical equipment inside the patient can cause serious injury.
•Mistakes in Anesthesia. The anesthesiologist has a critical job when a person has to undergo an anesthetic procedure. Too little anesthesia could lead to unnecessary pain or complications, while too much could damage the brain or even death.
•Wrong Medications. The patient’s care team needs to ensure that the correct dosages of medications are provided. When a patient has a serious reaction that has been entirely avoidable, someone should be held accountable.
•Faulty Medical Devices. Companies producing medical devices are supposed to ensure that their products are safe for use by patients. Unfortunately, inadequate testing or cutting corners to save money may lead to the distribution of dangerous devices that may harm patients.
The medical malpractice case list mentioned above is not a full list of types of litigation claims for such, but an overview of some of the more popular forms of lawsuits involving medical negligence.
Medical negligence is quite ordinary in hospitals, clinics, and other institutes in the healthcare sector. Doctors and medical practitioners’ are often found guilty of professional misconduct to the eventual detriment of the patients they treat. Whether mistaken or deliberate, such misconduct is found to put patients into unforeseen and deadly medical conditions. Many times, these conditions are much worse than the state in which they were initially brought for treatment. Medical negligence stands as a cause of significant deaths in the United States, reportedly being a reason behind a massive figure of 98,000 deaths annually. Even where the outcome is not deadly, medical misconduct often results in permanent impairment and disability, leading to devastating consequences for the victims and their families.
According to LeverageRx, in 2018, around $4,031,987,700 has been paid to plaintiffs of medical malpractice lawsuits. The figure reflects an improvement of 2.91 percent from the 2017 preceding year. New York, Pennsylvania, Florida, California, and New Jersey are in the top 5. When dealing with the ramifications of negligence by a doctor or hospital and have decided to take legal action against the responsible individual or entity, receiving funding from your case may help you cover the costs now rather than waiting for compensation over a lengthy court phase.
The average time to settle a medical malpractice claim is 19 months, and cases that go to trial typically take around 43 months when the verdict is in favor of the plaintiff. That amount of time is too long for people whose lives have been disrupted by medical errors and injuries. Studies from the U.S. Department of Health and Human Services and the Agency for Healthcare Research and Quality said in the year 2011 that 1% of the victims die in the USA per year, meaning that from the 35 million plaintiffs need medical treatment each year, we are looking at approximately 400,000 yearly deaths from doctor errors in the United States. One study found that severe, non-fatal, harm was up to 20 times as common. Between the years 2006 to 2016, over 140,000 payments were made for medical malpractice rand over 400,000 adverser actions were the result of such in which over 60,000 doctors reinstated. In California, Texas, Florida, and New York, with a population of over 107 million people alone were the states with the highest incidents.
Cases of medical negligence also form a substantial part of all claims brought before the courts, initiated by the claimants who have suffered at the hands of negligent medical practitioners and hospitals in the US. The most common examples of medical negligence involve misdiagnosis of illnesses, prescribing incorrect medications, surgery mistakes, childbirth negligence, and misconduct in anesthesia administration. Victims have also been seen suffering due to emergency room errors and psychiatric and nursing malpractice.
Unfortunately, with the increasing inflow of cases filed by victims of medical negligence, big hospitals, healthcare providers, and independent practitioners, too, have secured strong legal support from defense attorneys and developed smart strategies to tackle cases of negligence routinely brought against them. They invest heavily in obtaining legal protection and insurance against such claims. As a result, bringing in successful claims against negligence has now become more challenging than ever. Medical practitioners and insurance companies have realized the pressure created by cash-flow problems and the absence of financial assistance upon the plaintiffs. They have thus adopted the strategy of unnecessarily prolonging medical malpractice lawsuits, which allows them to frustrate the plaintiffs lacking any sort of legal support available to them, and compel them to withdraw the case or submit to their terms in the end. Knowing your desperate circumstances, insurance companies will impose on you to agree over a lesser settlement amount for a speedy payout. Plaintiffs tied under mounds of debts or expenses would reluctantly accept to avoid getting knees deep into debts.
In such a prevailing situation, plaintiffs are in dire need of financial backing to sponsor their case. Plaintiffs can either go for legal expenses insurance or state-funded legal aid available exclusively in childbirth negligence cases. They can even benefit immensely from private medical negligence pre-settlement legal funding programs open to the public at large.
Ready to apply for a medical malpractice lawsuit cash advance?
If you have filed a medical malpractice lawsuit, an expert report, and have a lawyer’s representation, you are now eligible for medical negligence claim funding. We offer a free consultation and low rates (non-compounding). Contact us at 888.711.3599 to apply for a lawsuit loan over the phone, or apply online now.