How letters of protection create receivables
A letter of protection is a written promise, usually involving the patient and their attorney, that a provider will be paid for care out of any settlement or recovery. It lets injured patients get treatment without paying up front. For the provider, it means the work is done and the payment is deferred. Our guide explains what a letter of protection is in more detail.
Because the payment depends on the case, the receivable is not paid on a billing cycle. It is paid when the case ends.
Where funding fits
Letter of protection funding is for providers who would rather not wait. Genesis reviews balances supported by letters of protection and, if we can work together, provides funding under a written agreement.
What we look at
Each case is different, so we look at the details. Typically that includes:
- A signed letter of protection or other documentation supporting the balance
- Where the case stands and which attorney is handling it
- How you document and bill treatment
- Your practice’s history with similar cases
This page is general information, not legal, tax or financial advice. Any funding is subject to review and a written agreement.