How to Start a Medical Claims Billing Service: Your step-by-Step Guide to Success
September 27, 2005
FROM A READER: Nuttybillerchicy in FL, an aspiring medical biller Great Insurance info.. lacks on business aspect Book has great info on general insurance. It also has great examples of forms. However it lacks in descriping the specifics of the business.
FROM THE PUBLISHER Low Startup Requirements Make This a Great Home-based Business Americans now spend about $1 trillion a year on health care and the bill is sent out to collect every dollar. Why is that important to you? Because doctors have trouble collecting what is owed to them by patients, insurance companies, medical groups and hospitals. They're buried in paperwork, complicated Medicare and Medicaid documents and insurance forms they must deal with daily.
What's the remedy? More and more doctors are paying billing experts to handle their paperwork. This creates a growing niche for entrepreneurs who are experts at tunneling their way through the paper avalanche. As a billing specialist, you will help clients fill out claims forms to make sure patients get all the benefits they rightly deserve; then you'll transmit claims electronically, directly into the computers of HMO and Medicare, short-cutting the handwork that slows down many claims and gaining automatic priority over claims submitted on paper. With referrals from doctors and hospitals, your billing service can grow quickly. In fact, with health-care needs accelerating, the demand for your services will grow by leaps and bounds-along with your profits.
This start-up guide teaches you everything you need to know to get into this perfect starter business, including:
Researching the market
Calculating start-up and operating costs
Demystifying medical jargon
Dealing with insurance carriers
Best of all, startup requirements are minimal: computer, printer, modem, and claims billing software.
Buy this book and write yourself aprescription for a healthy income!
Best of all, startup requirements are minimal: computer, printer, modem, and claims billing software. Buy this book and write yourself aprescription for a healthy income!