How pre-settlement funding can help medical malpractice plaintiffs

Doctors, nurses and other medical professionals are held to a high standard when it comes to providing care to their patients. Although this standard is met most of the time, the reality is that medical errors occur more often than they should. From a surgeon accidentally damaging a nerve during surgery to a pharmacist filling a wrong prescription, errors can arise in virtually any setting and cause serious injury or death. A study by Johns Hopkins Medicine found that more than 250,000 deaths per year are due to a medical error, making it the third leading cause of death in the United States.

What Is Medical Malpractice?

Medical malpractice is a legal cause of action that occurs when a medical or healthcare professional deviates from the appropriate standard of care, whether by a negligent act or omission, and causes injury to a patient as a result. Common types of medical malpractice claims include:

  • Misdiagnosis or failure to diagnose
  • Surgical and anesthesia errors
  • Birth injury
  • Pharmaceutical errors
  • Falls in hospitals
  • Informed consent

An individual suing for medical malpractice will typically need to prove an established patient-doctor relationship, the doctor’s failure to meet the required standard of care, causation, and damages resulting from the malpractice. Medical malpractice plaintiffs can sue to recover for damages including medical bills, loss of past and future earnings, loss of employment, emotional distress and loss of enjoyment of life.

Medical malpractice claims are notoriously difficult to prove, and even if successful can take years to resolve. If you were injured due to medical malpractice, you probably know how stressful and overwhelming the situation can be as you wait for your case to settle. You may be dealing with significant injuries or illness, big medical bills and extended time away from your job all while trying to navigate a complicated insurance process.

Financial strain in these situations can add to the stress as many struggle to make ends meet and keep up with bills. If you have a pending medical malpractice claim and need immediate financial assistance, legal funding can help.

What Is pre-settlement funding?

pre-settlement funding – also referred to as a lawsuit loan or settlement cash advance – is an up-front payment against the future proceeds of your lawsuit. This can help alleviate financial strain by providing extra money for you to make rent or mortgage payments, pay bills, and cover daily living expenses while you await settlement. And unlike a loan, a cash advance against your future settlement is non-recourse and there are no interim payments. Non-recourse funding means you have no obligation for repayment if your case is lost or dismissed.

Pioneer Legal Funding can help

Pioneer Legal Funding’s mission is to increase access to justice by providing best-in-class capital solutions for plaintiffs awaiting settlement. Backed by a team of knowledgeable underwriters, paralegals and attorneys, we’ve earned a reputation for excellence in the legal funding industry – working with hundreds of law firms and thousands of plaintiffs with all different types of injury claims.

Apply today with Pioneer Legal Funding

Fill out our quick and easy Funding Application here or give us a call at (877) 610-0950 and one of our team members can assist you with applying for funding. It only takes a couple minutes and there’s no cost to you. Tap into the value of your lawsuit today with Pioneer Legal Funding.

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