Medical Malpractice Pre-Settlement Funding
A medical malpractice settlement occurs when a physician, healthcare professional, or hospital agrees to make a compensatory payment for an injury resulting from negligence or misconduct. Victims can experience severe harm as a result of medical malpractice including physical injury, financial vulnerability, and even death. If you have been injured as a result of medical malpractice, you can seek compensation for the damages through a medical malpractice settlement.
Medical Malpractice in Stats
How LitiPay Pre-Settlement Funding can help medical malpractice victims
LitiPay’s pre-settlement funding can support victims needing to cover short-term costs, allowing the victim to pursue legal recourse and have the at-fault party pay fully for damages and costs.
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Advice for medical malpractice victims
Patients put their lives in their healthcare providers’ hands, making medical malpractice a truly shocking and devastating experience. Medical malpractice victims are left with injuries, financial obligations, and pain and suffering that would not exist if the hospital or healthcare professional providing their care had made better choices. Patients can regain control of the situation and expedite their recovery by immediately enacting a strategic plan of action.
If you are victim of medical malpractice, you should:
Ask questions.
You don’t need to mention the words “medical malpractice,” but you should ask the doctors and nurses caring for you why you are experiencing an adverse reaction to the treatment or procedure they prescribed. Take notes as they answer, and be sure to write down anything relevant including the names of the doctors, nurses, and technicians as well as the medicines and doses they gave you.
Request your medical records.
Before mentioning malpractice to the doctor or hospital at fault, ask for your medical records. This information will help you identify specific acts of negligence. For example, you’ll be able to see if your medical history was overlooked or if you were prescribed unnecessary treatment.
Find a new doctor.
If you suspect that you are a victim of medical malpractice, you should prioritize your safety by canceling future appointments with the doctor in question and finding a new physician. Be sure to let your new healthcare provider know that you suspect medical malpractice so they can appropriately treat your new injury.
Document your symptoms.
Write down the details of the medical condition or injury that you believe was worsened or caused by your doctor’s negligence. In addition to keeping track of your symptoms, you should also maintain a record of the various ways the medical malpractice injury is impacting your life, including new medical treatments, time off work, and lost wages.
Speak with an attorney.
Collect your medical records and all other relevant information and consult with an experienced lawyer to determine your next steps. If you can prove that your doctor was negligent, you can pursue compensation for damages through a medical malpractice settlement.
Recovering from medical malpractice can be a frustrating and painful process. You can reduce the pain and accelerate your recovery time by leaning on your support network and letting your action plan guide you.
How Medical Malpractice Settlements Work
Medical malpractice is an alarmingly common occurrence, ranking as the third leading cause of death in the United States. The impact of medical malpractice injuries can include physical disability, financial strain, and emotional distress. Victims can pursue compensation through litigation or by accepting a settlement.
Medical malpractice lawsuits can be drawn out, forcing victims and defendants to spend more money on legal fees than they would if they agreed on a settlement amount. A medical malpractice settlement is often preferable to both victims and at-fault parties because the results are more predictable and funds are disbursed within a shorter timeframe.
On the other hand, settlements are not risk free. Medical malpractice victims may accept a settlement amount much lower than what a judge and jury may have awarded them. Moreover, settlement funding distribution can take time. Pre-settlement funding offers victims in urgent need of funds a more empowering alternative. Medical malpractice victims can receive their full settlement amount before the agreement is resolved. Because pre-settlement funding is not a loan, victims don’t have to worry about paying it back, unless there is a monetary recovery in their case.
FAQs from Medical Malpractice Settlements
Disclaimer: The information on this page is not intended to be legal advice. Please ensure you seek legal counsel in the event of a personal injury.
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