No Fault Insurance Provider

by Attorney Thomas Tona:

Recently, I was out to dinner with two chiropractors.  Twenty minutes into the dinner, the discussion turned to the business of Chiropractic, where two issues dominated the balance of the night.

Issue one arose when I asked the question, “What is your number?”

Silence and blank stares followed.  

I then elaborated, “What are your current receivables and more specifically, what are your current no-fault receivables?”  More blank stares.  I followed up with the inevitable question, “How long have these been outstanding?”  More silence.

As a Chiropractic Business owner, you must be able to quantify the current amount of your receivables and their aging at any given moment. This directly relates to the financial health of your business.

I always emphasize the subcategory of no-fault collection receivables for two reasons.  First, as a healthcare provider, you have the most control over your no-fault collection receivables and how fast you can realize the cash due on these receivables, because of the legal remedies available to you.  Second, in most instances, you can predict with a reasonable degree of accuracy the amount you will be paid on those receivables, assuming your documentation is thorough and well prepared.

Sitting on any amount of wrongly denied no-fault receivables for any length of time is a lost opportunity cost to a practice; one that is easily remedied with the right law firm representing you.

Issue two arose with the question, “When is a legal fee not a legal fee?”

I asked one of the chiropractors where he had his $100,000.00 in uncollected no fault receivables, and for how long they had been uncollected.  His startling response was that it has been with his current collections attorney for two years and he had not recovered any money from them.  He added, “I have no idea what is going on.”

Immediately I knew that the entire balance had to be in litigation, which begged the next question of what the legal fee arrangement was that he had agreed to with his attorney.  The confused answer of “two percent” was offered.

What this chiropractor was really paying was 100% of the interest ($24,000/yr.) and 5% ($5,000) of the claim amount as the legal fee.  This was in addition to the statutory legal fee of 20% paid by the carrier ($20,000).  So the true fee was approximately $73,000!

The inherent problems in agreeing to this type of arrangement without full disclosure or understanding became readily apparent.  You must understand what you are agreeing to when signing a contract with your attorney.

I relate this story to you as a cautionary tale. MIND YOUR BUSINESS.

What can you do to learn more?


Ebook Truth No Fault

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Whether you are a chiropractor, a pain specialist, an orthopedic surgeon, or a natural healer, the TONALAW team of attorneys has the expertise and INTEGRITY to do things the right way for your healthcare business.

We pride ourselves on our ethics and the way we handle all cases of New York No-Fault insurance Collections.  Read this ebook to get all of your No-Fault questions addressed.


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Amber PalermoAmber Palermo
17:50 23 Dec 22
The professionalism and expertise of the TonaLaw team is unmatched. I’ve worked with Juliet and she was incredibly knowledgeable, friendly and I could tell that she cared about helping me. If you’re looking for a legal team that helps with you any problem, big or small, TonaLaw is a team you can trust.
Regan moriartyRegan moriarty
16:49 23 Dec 22
The TonaLaw team is full of wonderful and hardworking people. I have personally worked with Juliet and she is excellent. You can tell she truly cares about the work she is doing. Highly recommend.
Elizabeth MartinezElizabeth Martinez
15:42 16 Dec 22
I can not be thankful enough for the amazing experience Tonalaw has given me from the very beginning. If you are looking for a lawyer who truly cares about your case then TonaLaw is for you. The amount of time and dedication they put in a case really shows how above and beyond they go. Not to mention how sweet everyone is really makes it a pleasure to work with TonaLaw.
Beatrice CestaroBeatrice Cestaro
22:06 14 Dec 22
I am extremely satisfied and happy to have chosen Tonal Law . The whole experience was flawless And I had absolutely no issues throughout the entire process. Everyone was so helpful and on time with everything, answered any questions I had, and we’re always easily available if I had any concerns. I basically did not have to lift a finger or do absolutely anything at all but answer a few questions. I put my full trust into Tona Law and I’m happy I did so. Would for sure recommend to any of my family and friends.
Anita AbramsAnita Abrams
21:14 05 Dec 22
Tona Law was an absolute pleasure to work with. As a local ART and Custom Framing resource, we helped to enhance their new offices, with beautiful and sophisticated, well curated artwork. Tom and his team were closely involved in all of the selections, and the environment is warm and friendly, as a result. Everyone at Tona Law, is considerate and professional.
Dawn DemartinoDawn Demartino
16:25 11 May 22
From start to finish I was informed every step of the way of the status and updates of my case… the time and steps taken to resolve my case in the best possible outcome was just one of the many great things Tonalaw provided. Personal care and commitment is top notch. Thank you !!
Louis B.Louis B.
15:27 08 Apr 22
Over the last few years Tona Law has guided me through the process with clear communication throughout. They are truly a client advocate and will do everything in the best interest of the client. Cannot thank them enough for all their work done for me.
Richard WoolleyRichard Woolley
19:49 26 Mar 22
Tom Tona and his team are fantastic. They do a great job for their clients. Can't recommend them highly enough.
Stacy LofredoStacy Lofredo
23:41 24 Mar 22
Tona Law has simplified no fault medical billing in a way that allows staff to effortlessly navigate through what could be a confusing process. Their staff is knowledgeable and responsive that we never have to worry about the ever-changing regulations because they are on top of keeping up to date with any changes in keeping their clients informed which is priceless!
Ruben ReyesRuben Reyes
15:29 13 Aug 21
They responded right away and were very professional. Brittany Reyes was very helpful. Thank you for your help
Randy RodriguezRandy Rodriguez
03:24 09 Aug 21
Would highly recommend if anyone is seeking any legal advice!