Medical funding

How Does Medical Funding Work?

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Many victims of personal injury accidents are uninsured. They are often required to get medical treatment and either pay for that treatment out of pocket or find a healthcare facility that is willing to provide treatment for future payment when the case settles. Obviously, these solutions are imperfect, and this is why the medical funding industry exists. 

If you are a plaintiff and have a strong personal injury claim, a medical funding company can provide financing to pay for high deductibles, therapy, and surgical procedures that will only need to be repaid if your case settles favorably.

How does medical funding work?

Funding companies work with medical providers to negotiate a fair cash price for the procedure a personal injury victim needs. This allows plaintiffs to get the immediate medical care they desperately need at a fair price.

Once a medical funding company speaks to the attorney in charge of the case and decides that the given claim has merit, they will reach out to the medical provider to discuss payment for future treatment. If, for example, the plaintiff needs surgery, the company will negotiate a cash price for that procedure and pay the medical provider directly. The funding company then gets repaid once the case settles.

Medical funding not only allows plaintiffs to get the immediate treatment they need but also increases the value of a claim by proving to the defendant that not only was medical treatment necessary, but it could not wait until after the case settles.

How do you apply for medical funding?

There are two main ways to apply for medical funding. The first is as a plaintiff. If you are a plaintiff in a personal injury claim and are uninsured, you can reach out directly to a medical funding provider. The provider will then consult with your attorney on the claim and decide if the case qualifies for funding. The second, and more common way to apply, is by having your attorney reach out on your behalf. Having your attorney reach out to a funding firm on your behalf helps speed the process along and allows the medical funding company to analyze the claim quicker and thus approve funding for your medical procedure in a faster amount of time. Typically attorneys can call or fill out an online application on your behalf to apply for funding.

What happens after treatment?

Once treatment is concluded, the attorney will submit a demand letter to the defendant requesting compensation for medical costs and pain and suffering. The victim is not required to pay the financing firm anything until their attorney has either reached a settlement agreement with the defendant or a jury has awarded you damages. Once the settlement proceeds arrive in the attorney’s escrow account, he or she will take out the attorney’s fees and repay the medical funding provider and then issue the net proceeds to the client. Medical funding does not affect the timing of a settlement or the time it takes for funds to be distributed to the victim when a settlement check arrives.

Need to fund a medical treatment?

When medical bills are not covered by health insurance, Baker Street Legal Funding’s medical funding can be used to pay for out-of-pocket health costs from a personal injury accident. Use our medical financing option toward unexpected medical procedures. Our approval time is typically within 24 hours. Request medical funding today.

About Baker Street Funding

Baker Street Legal Funding helps people achieve financial ease to realize their settlement success. Our legal funding products give out more than 34,000 clients fast access to tools so you can Get Your Legal Funds Now®. Baker Street Funding approval methods come with critical essentials for getting ahead, including higher settlement funding approvals in connection to thriving customer service of like-minded people that understand litigation finance. For more information, visit

* This post is for educational and informational purposes only. Please consult your attorney and your financial and tax advisors before making any decisions. Terms and conditions can be found at

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