After an accident, it is common for an insured person to assign their PIP benefits under their applicable insurance policy to a medical provider in exchange for medical treatment.
In the state of Florida motor vehicle insurance laws require vehicle owners to purchase a minimum of $10,000 in Personal Injury Protection (PIP) coverage. PIP provides compensation to all parties involved in a motor vehicle accident (excluding motorcycles) resulting in medical services. As a no-fault state, an accident victim can initiate their PIP benefits immediately, regardless of who is responsible for the accident.
At Revenue Recovery Firm we work to make sure that your medical office is receiving the correct amount of benefits correspondant to your medical practice under case law.
One review of your past claims from our experienced Account Managers could possibly recover your unpaid, reduced or delaied PIP claims. Florida PIP law requires claims to be paid within 30 days of submission to the auto insurance agency. If a claim has been denied, past the 30-day threshold, it is considered overdue, giving you as the medical provider just cause to seek legal representation.
If your claims have been denied, reduced or simply delayed with no justification on the Explanation of Benefits (EOB), you could have cause to file a PIP claim. Since the Florida statute of limitations for PIP suit recovery is five years from the date of filing, this means that you could potentially be owed more PIP benefits than were initially paid to you. This is where a review by our Account Managers can potentially help you recover on average 15-25 percent in unpaid or underpaid PIP claims.