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Thread Topic: Do I risk it
Topic Originator: Anonymous
Post Date March 13, 2005 @ 9:53 PM
Do I risk it


Anonymous
March 13, 2005 @ 9:53 PM Reply  |  Email Friend   |  |Print  |  Top

I am about to have a baby and get 6 weeks paid maternity leave with the company I work for. But my friends keep saying I should start a company of my own and work from home. I have been doing medical billing for the past 6 years. I am on a good wage but would love the flexability of working from home.

Anyone out there have any good or bad experiences from starting their own company.

Ron
March 15, 2005 @ 10:37 AM Reply  |  Email Friend   |  |Print  |  Top

well... if you have that much experience, you should have no problem working from home.  Its not as difficult as it sounds to create your own business, just make sure you open a seperate business checking account and do all your expenses and payments through there so it's easier come tax time.  Keep receipts of EVERYTHING, They say if you buy a music CD and listen to it while you work, you can right that off!  There is so much you can do to save money.  Good Luck.

anonymous too
March 15, 2005 @ 10:57 AM Reply  |  Email Friend   |  |Print  |  Top

I agree, keep all your receipts, YOU WILL BE AUDITED!!!

Dan Young
June 1, 2006 @ 12:16 PM Reply  |  Email Friend   |  |Print  |  Top

As a business owner, I would encourage you to look into the following:  What are your HIPAA requirements for a home-based billing company?  Do you have good resources for your Servicing Contract, Business Associate Contract, Confidentiality Contract, Due diligence work sheet, front desk training for you to receive all of your required documentation to perform your billing, software requirements, state laws for small businesses, requirements for billing under Medicare laws and the OIG?

Good luck,
Dan

Ro
June 1, 2006 @ 4:42 PM Reply  |  Email Friend   |  |Print  |  Top

Dan, with all due respect, your HIPAA *REQUIREMENTS* are the same no matter what you are, who you are, what you do, and how you do it.  How you *IMPLEMENT* those requirements is what needs to be studied.

Also, with all due respect, it's up to the CLIENT to formulate and provide the BAA, because it's their information they are charging you with protecting, and it is up to them to specify just how they want you to protect it and how they want you to handle any breaches.  Of course, you, as the Business Associate, should negotiate the agreement so that you can ensure your compliance, but it is not the BA's responsibility to produce it.

That being said, I am still amazed out how many of my clients do not even realize they NEED one in place for me to do their A/R work, so I have a "generic" one I bring with me to the contract meeting and go over it with the client point by point to make sure it suits them.

Dan Young
June 1, 2006 @ 5:59 PM Reply  |  Email Friend   |  |Print  |  Top

Ro,
You misread what I stated.  I stated:  "I would encourage you to look into the following:  What are your HIPAA requirements for a home-based billing company?"  I was not questioning the HIPAA requirements, only the need to find out what they are and how to implement them (as you stated.)  I am sure you would agree that going into the business without proper due diligence is rather reckless.  

It is our experience that by providing the Business Associate Agreement we circumvent the "deer in the headlights" look from the provider.  

Thanks for pointing out the need to clarify my earlier remarks.  You appear to be a detailed person with a good grasp of the business.

Dan

Ro
June 1, 2006 @ 7:35 PM Reply  |  Email Friend   |  |Print  |  Top

Yes, I see now your sentence can be interpreted either way!  Thanks for keeping me on the straight and narrow!  ;-)



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