Managing the Medico-legal Business


In regards to timescales, it is better to be realistic in determining the time for waiting to receive the payment.

cerritos (I-Newswire) February 18, 2014 - Medico Legal Services can be highly rewarding. However, it could also be administrative in nature, thus reducing the capacity or motivation to take such work. Moreover, getting paid can be considered as a full-time job. Hence, there are several things to be taken into account, if someone is interested to be in the domain of medico legal or already has started on such work.

Rates to be charged: Hourly or flat fees

Based on the field of expertise, the individual might charge a set rate per report, or to decide on the hourly quote and rate on a particular case basis. For instance, within the domain of neuroscience, cases could be specifically complex or might require the person to review a good number of medical records. Hence, the individual needs to have the flexibility in quoting rates, which are reflective for the work in hand, and could be broad estimations between six and twelve hours.

Flat rate fee could be a better way in boosting the work load and the medico-legal profile. But, it could also mean that the person runs the risk of taking the case at a fee that actually is not commensurate with the involved work, or to reject more work than is accepted.

These scenarios are just not idea and could lead the person getting broke in the process. Therefore, a flat fee could be considered much more beneficial, especially if the work scope is not much.
Furthermore, to survive in Medico Legal Services profession, the individual needs to be competitive.

If the person is unsure of the existing market rates concerning the expertise, then it would be a better idea to discuss with fellow professionals or to browse through the different reviews put up by others on the web. While making a decision on the fees, the person needs to take into account any time waiting travel expenses and court appearances.

Payment Conditions and Terms

Another big consideration is the payment terms, in which the person would be required to add court appearance, patient appointment cancellation charges, etc.

This also would depend on the work volume that the individual is prepared to take. By considering three or four reports a year, it would be worth providing twelve month payment terms or 'end of case'. Sit would help in generating work and to establish the profile in the domain of Medico Legal Services.

In case, the person aims to secure or to achieve significant volume, then having a tighter payment term would make cash flow and credit control much more manageable. The individual also might like to consider providing various payment terms to various clients, which would depend on their reputation.






About Medico Legal Services

We are providing medical legal services within your budget. We do have expert in medical legal servi   More..ces. Our dedicated staff is delivering quality results.Less..

Contact Information

Medico Legal Services
Ethan
18946 Vickie Ave # 227 Cerritos, CA 90703. Phone: 800-253-7320 Fax: 888-275-1128
7/3 1st Floor Subbaraya St. Shenoy Nagar Chennai - 600030. Phone: +91-44-30070800/803 . +9
90703
Phone : 800-253-7320

Published in:

Legal / Law > Business

Published On:

February 18, 2014

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.


Related Releases

Andrew P. Lehman, J.D., CFLA Founder, Offers Litigation Services and Mortgage Securitization Classes
Andrew P. Lehman J.D., CFLA CEO announces mortgage securitization auditor certification classes, expert witness testimony, forensic loan audits and litigation packages.

Gamm Legal Services LLC Announces 24 Customer Service!
People who get into debt and need a good Bankruptcy Lawyer find it hard to find one. However, Gamm Legal Services LLC just changed that.

Court Considers Leasehold Interests In Empty Air Space
In a case which involved an interesting analysis of leasehold interests in empty air space, the High Court has stymied a developer's controversial plans to build flats above two garage blocks, many of the tenants of which objected to the proposals.

Judgment Liens in New York
New York Attorney who represents clients in income tax, bankruptcy, and traffic ticket matters.

The Law Office of Michael J. Holmes- Specializes in Personal Injury Case and Claiming Workers Compensation
The orange county workers attorney will be fighting on your behalf to get the favorable outcome. They make you aware of the work related injury and provide benefits to the injured worker. They are well versed in legal process of workers compensation