If you are among the millions of people injured in the course of medical treatment each year and are involved in medical malpractice litigation, you may have a long wait on your hands to see a settlement on your claim. A Harvard study found that the average length of time it takes to settle a medical malpractice claim was 19 months, although cases that went to trial averaged 43.5 months when the verdict was in favor of the plaintiff. That wait can be unbearable for people whose lives have been disrupted by medical errors and injuries. Fortunately, medical malpractice injury pre-settlement funding can help tide you over financially until your claim is resolved.
Your Injury and Malpractice Injury Pre-Settlement Funding
A study published in the Journal of Patient Safety analyzed hospital deaths and injuries from 2008 to 2014 and found that patient deaths resulting from preventable harm to patients numbered more than 400,000 per year. The study found that serious, but not fatal, harm was up to 20 times as prevalent, which means that millions of patients are left injured each year at the hands of the very medical practitioners they trusted to help them. Because lawyers working for big insurers work hard to keep claims to a minimum, being injured is only the beginning of a long ordeal when it comes to medical malpractice suits. The wait to receive payment for your injury can become a personal financial struggle. With malpractice pre-settlement funding, you can access cash you need to stay afloat until your claim is paid.
Cash Advance with Malpractice Injury Litigation Funding
This type of non-recourse funding is never repaid until you win your case. To apply, you simply provide the details of your case and your attorney's contact information to an underwriter for claim evaluation. Once approved, your money is deliverable almost immediately, and you repay the advance when your settlement award arrives. The process is simple, and if your case is not settled in your favor, you pay nothing.
Medical Malpractice Pre-Settlement Funding Advance
The amount of your medical malpractice settlement-funding advance is based on the anticipated indemnity payout from the insurer. The value of your claim depends on a variety of factors, including the extent and permanence of your injury. Every case is different, which is why an underwriter reviews each individual claim to determine eligibility and potential advance non-recourse funding.
A medical professional's mistakes on the job can leave you injured and unable to provide for your family. Since malpractice insurers fight tooth and nail to minimize their financial liability to you as an injured patient, it can often take years for malpractice claims to result in an indemnity payment. Find out how Lawsuit Funder can help with medical malpractice settlement funding to bridge the gap left in your finances while you await the outcome of your case.