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DRB Financial Solutions Launches OptiMed Funding, LLC

Medical Lien Management and Liquidity


News provided by

DRB Financial Solutions, LLC

Sep 09, 2015, 06:20 ET

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DELRAY BEACH, Fla., Sept. 9, 2015 /PRNewswire/ -- DRB Financial Solutions, LLC (DRB) is pleased to announce the launch of OptiMed Funding, LLC,  a new B2B service providing innovative and cost-effective lien management and liquidity solutions for surgical centers, hospitals, doctors, chiropractic centers and other healthcare providers who cater to victims of personal injuries.

Todd Bass of OptiMed Funding explained, "Doctors and healthcare providers quickly attend to victims of accidents but are forced to wait until the personal injury action is concluded to get paid – often several years. Effectively, the health care provider is perpetually lending money to their patients for free. These same providers then have to spend resources negotiating, monitoring and collecting these amounts. OptiMed Funding provides lien management and liquidity solutions to these organizations.  Our program and services free these healthcare professionals to practice medicine instead of chasing paper."

OptiMed Funding's services are designed by people who are experts in assisting personal injury victims. The key to OptiMed Funding's innovative and cost-effective solutions is that DRB leveraged its US Claims business unit's nearly 20 years' experience in assisting injury victims and the processing of tens of millions of dollars in advances to injury victims to help them endure the lengthy litigation process.

Jim Terlizzi, DRB's Executive Chairman, added "OptiMed Funding is a natural extension to what DRB already does for injury victims. Lien management and liquidity solutions for healthcare professionals that serve personal injury victims is an underserved market. DRB can address this in scale and at a very reasonable cost. OptiMed Funding allows healthcare professionals to focus on medicine and patient care without giving up a king's ransom in the process. We are very excited to expand into this arena and have capable, experienced staff ready and willing to help."

Learn more at www.OptiMedFunding.com. 

About DRB Financial Solutions, LLC: DRB Financial Solutions through its family of companies is a leading purchaser of annuity payments and other illiquid cash flows. DRB Capital offers liquidity and optionality to prospective sellers in need of cash who have guaranteed or life-contingent structured settlements, annuities and/or investment annuities.  DRB's US Claims is a leading provider of advances to personal injury victims and their families.  DRB's OptiMed Funding provides innovative lien management services and liquidity solutions to the healthcare industry.  DRB Financial Solutions – The Liquidity People. 

Contact: Mark Mruz 
[email protected] / 561-982-3000

SOURCE DRB Financial Solutions, LLC

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