Financial Solutions

How do you go about finding the best financial planner for your money? Well, like many people, you are probably very skittish when it comes to trusting just anyone with your money and for good reason. However, the skittishness could work to your advantage, when it comes to finding the best financial planner.

In these times, any person walking down the street can proclaim themselves a financial planner, the key is to knowing the good from the bad. Many people have found the market for financial planners is strong because the demand grows with each passing day for financial product advice as people are readying themselves for retirement and other issues become more complex.

Attorneys, accountants, insurance agents, and brokers are all becoming financial planners in addition to their current titles; this may not mean they have your best interests at heart either. This may come at a surprise to you; however, as unfortunate as it is, it is a reality. It is extremely important that you conduct full research to avoid running into an instance where your money has suddenly disappeared without an explanation.

It is also important that you keep in mind, just because a person claims to be a financial planner, does not mean that they have guidelines, or processes that they follow. Therefore, the first thing you must do is find potential financial planners. This can be done easily by searching online, using your favorite search engine, and locating financial planners organizations or you could also talk to you friends, family members, or colleagues and find out whom they recommend. It is important that you trust the judgment of any person you are seeking advice from, when it comes to finding the best financial planner. Read the rest of this entry »

Admittedly these challenges are just the beginning of issues facing America’s hospitals who have all too many obstacles to negotiate. It’s no wonder then hospital administrators describe the fiscal juggling act they must do to survive this gauntlet of financial challenges as “extremely difficult at best”.

The facts are clear, Federally funded medical institutions are under statute to provide treatment to all emergency patients, and to date statistics show more than 50% of the emergency patients admitted annually have no proof of insurance at the time of admission. While emergency treatment is provided to the patient the medical provider is doing such without a guarantee of compensation. The same medical provider later must then exhaust even more resources in costly collections of patient assets in hopes of achieving some type of collection success.

For patients who have a litigation claim, i.e. an auto accident, the medical providers services are to be protected by the Lien or Letter of Protection or “LLOP” which is filed with the attorney of record and acts as security to be paid at the time of settlement for unpaid medical services.

Despite what may appear to be a financial solution for the medical care provider, the LLOP instead leaves medical facilities “with the short end of the financial stick” as all too often the revenues the LLOP are supposed to generate instead are only an unreliable instrument and not a solution. Let’s briefly examine the inherent problems with the LLOP and the challenges medical facilities face when utilizing this legal instrument: Read the rest of this entry »