Bite-Sized Business Law

The Healthcare Sector Looks to Legal Finance in the Face of Insurance Payout Power Struggles

13 snips
Feb 18, 2025
In this insightful discussion, Charles Griffin, Senior Vice President at Burford Capital, shares his journey from law school to leading efforts in legal finance. He explores the rising financial pressures in healthcare and the mounting legal claims providers face. Charles delves into the role of legal finance in navigating antitrust opportunities and the significant Blue Cross Blue Shield class action settlement. Learn how Burford advises its clients while upholding professional ethics and the future of healthcare litigation.
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ANECDOTE

Career Path Blends Law and Finance

  • Charles Griffin shared his career path from law school through clerking and litigation to legal finance at Burford Capital.
  • His background combines extensive litigation experience and prior finance work, blending law and finance skills effectively.
INSIGHT

Healthcare Providers' Financial Squeeze

  • Healthcare providers face rising costs in labor and inputs after COVID, but payment rates from government and insurers lag behind.
  • Insurers exert strong bargaining power to contain costs, squeezing providers' profitability.
INSIGHT

Legal Finance and Antitrust Opportunities

  • Legal finance helps businesses monetize valuable legal claims for immediate cash before resolution.
  • Antitrust claims in healthcare involving large market players create significant demand for such financing.
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