BOCA RATON, Fla.--(BUSINESS WIRE)--Banyan
Finance, LLC today announced that it is expanding its
national sales and marketing efforts for its popular Banyan Casualty
Medical Plan, focusing on three new markets. Banyan Finance is the
leader in the fast-growing Casualty Medical Plan segment, which offers
physicians and other medical services providers, including MRI
facilities, hospitals, and ambulatory surgery centers, an alternative
reimbursement source to traditional health insurance for uninsured
Ross E. Elgart, Banyan Finance's CEO, said, "Medical services providers
accepting Casualty Medical Plans are able to treat accident victims who
lack traditional insurance coverage while eliminating the risk of lost
reimbursements and significantly reducing the risk of lower
reimbursements due to the uncertainty and length of personal injury
litigation. This is critically important to the practice economics of
many providers, who find themselves in a state of constant
unpredictability with regard to reimbursement rates from
government-sponsored health plans at the same time that the Affordable
Care Act is creating considerable uncertainty in the medical services
community as a whole."
Elgart noted that:
Unlike traditional insurance, companies in the Casualty Medical Plan
industry do not charge the patients a cash premium.
Unlike traditional factoring companies, Casualty Medical Plan
companies share in the ultimate reimbursement received with http://todaysgold.livejournal.com/5309.html the
contracted medical services providers.
Because of its diversified capital sources and deep industry
experience, Banyan Finance is typically able to guarantee minimum
reimbursements to Banyan Casualty Medical Plan participants in excess
of traditional insurance reimbursements.
Banyan Finance is currently operating in 38 states. Its new expansion
markets are: El Paso and Northwest Texas; Oklahoma City-Tulsa in
Oklahoma; and Shreveport-Ruston and Northern Louisiana.
About Banyan Finance, LLC
Founded in 2007, Banyan Finance is the leading resource in the Casualty
Medical Plan segment for physicians and other medical service providers.
As an issuer of Casualty Medical Plans for the medical industry, Banyan
Finance has paved the way for tens of thousands of uninsured accident
victims to receive necessary medical treatment and simultaneously
deliver the highest level of service and guaranteed minimum
reimbursement to caregivers.
Headquartered in Boca Raton, FL, Banyan Finance currently operates in 38
states and employs its diversified capital sources to ensure unrivaled
funding capacity for reimbursements under Casualty Medical Plans. All
of Banyan Finance's employees are HIPAA certified.
For more information about Banyan Finance's services, please go to http://www.banyanfinance.com/.