Strategic Outsourcing Can Save “Time on Desk”!
In a personal injury law firm, time truly is money. The longer a case remains on your desk, the longer your clients wait for their recovery and your firm’s revenue realization is delayed. This is where the concept of Time …
Why Effective Processes for Lien Identification, Verification, and Audit are Critical
Resolving liens effectively is critical in protecting your client’s net recovery when settling personal injury cases. Lien identification, verification, and audit are critical steps in ensuring that all potential claims are addressed and safeguarding your client’s net settlement. Here’s how …
Navigating Ethical Outsourcing in Lien Resolution: What Personal Injury Law Firms Need to Know
In personal injury law, attorneys focus on proving causation, liability, and damages. Given the complexities that arise during settlement, outsourcing certain tasks has become a common practice to enhance efficiency and client outcomes. Just as attorneys engage experts in probate, …
Maximizing Efficiency and Profitability, in Personal Injury Law Firms Through the Use of the EOS Traction Model and Strategic Outsourcing
Introduction
In the world of personal injury law practice, balancing profitability with exceptional operational efficiency poses a significant challenge. You want to deliver world-class customer experience while getting the balance right with running your firm efficiently as well as profitably. …
Why Aren’t More Attorneys Utilizing the Fee Deferral Programs?
April 11, 2024
Childs v. Commissioner, 103 T.C. 634 (1994), forms the legal basis for attorney fee deferral and outlined several benefits for attorneys who defer legal fees. The case involved an attorney who had deferred a portion of …
Medical Cost Projections and Medicare Set-Asides (MSAs)
October 12, 2023
Rasa Fumagalli, JD, MSCC, CMSP-F
The Differences Between an MCP & LMSA
A Medical Cost Projection (“MCP”) report helps a personal injury attorney quantify an injury victim’s future medical expenses. The report is generally prepared by a …
CMS “Clarifies” Recent Revision to January 10, 2022 WCMSA Reference Guide
February 28, 2022
Rasa Fumagalli JD, MSCC, CMSP-F
There has been much discussion in the Medicare Secondary Payer (MSP) compliance industry over the addition of Section 4.3 to the revised Workers’ Compensation Medicare Set-Aside Arrangement (WCMSA) Reference Guide Version 3.5…
Liability Medicare Set-Aside (MSA) Case Studies: Eliminate, Reduce & Comply
B. Josh Pettingill
There is mounting evidence that the Centers for Medicare and Medicaid Services (CMS) will establish formal guidelines for liability MSAs in the imminent future. Medicare Secondary Payor compliance related to future medical care is an issue that …
Negotiating Catastrophic Workers’ Comp Claims
It is a very common practice for insurance carriers to negotiate catastrophic workers’ compensation claims using offers in the form of both upfront cash to the claimant and a structured settlement. At a minimum, any case involving a Medicare set …
