Time is a Business Profit Thief You Can Protect Against

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This 2-Minute Monday Personal Injury Healthcare Mindset for Medical Offices is about the impact, risk and protection of time.

Time is a Profit Thief You Don’t Have to Tolerate

Time is a thief.

In personal injury, time steals quietly

Not with a smash and grab, but slowly, shrinking your profits while you’re busy treating patients.

The sooner you know something’s happened or about to happen, the sooner you can act and stop the time bandit before they steal too much.

One way to approach this in PI as a medical office is to think of time protection like you approach protecting your home.

You don’t just hope thieves stay away – you install systems to monitor and protect you.

Here are four time thief protection systems to guard your PI profits:

First, Contracts.

Strong lien contractual agreements with patients and attorneys can include clear time provisions—deadlines for notifications and payments.

That’s your security system … built-in overall protection by contract.

Second, Tracking & Follow Up

This isn’t Field of Dreams.  If you billed it, you have to go to them.

Track case status, pending court dates, and settlement progress, and set a follow up rhythm.

Not just with the attorney but with your own patient to see if updates align.

And if a lawsuit was filed get the case number and look online for the court’s docket to see what that shows.

Tracking is your camera – something you control to keep eyes on what matters.

Third, Peer Updates.

If another provider was involved, they may know something you don’t. Ask.

That’s your neighbors watching your house too.

Fourth and finally, State Bar Rules.

Many states mandate specific timing that attorneys are required to follow.

California, for example, requires attorneys to notify lien-holding medical providers Within 14 days of receiving settlement funds.

That’s legal law enforcement—backing you up.

Time will steal moments—you can’t stop time making you older.

But in PI, you can stop time from stealing your profits.

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P.S. We offer choices for all offices to improve processes, grow your PI segments, and to get paid far more. The choice is yours:

DONE-FOR-YOU: Consider outsourcing to PI Billing Pros (no real financial risk; a pro does it for you saving you time and stress)

DONE-WITH-A-PRO: Join the Business Advantage Coaching Membership (affordable; for better, faster & easier than pure DIY; staff trained too)

DO-IT-YOURSELF: Get the Book that is the main guide for PI for medical providers, and enroll in Negotiations Training  (inexpensive; requires the most time by self-implementing)

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