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Medication Error Death Rate Up 500 Percent
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Breast Exam Rebuttal: 'An Exam Saved Me'
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A Partisan Divide On Health Care Reform
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| Medical Billing Articles (updated Frequently)
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| Home Based Medical Billing: How To Avoid the Scams Within The Industry |
| By: Medical Billing Mastermind |
This articles purpose is to allow women and men to take an
in-depth look into avoiding the scams associated with starting a
home based medical billing business.
In 1999-2000 several entrepreneurial and financial magazines
stated that medical billing was one of the top ten home based
businesses for the new millennium. While the reports were
correct it took almost 3 years before the information sunk into
the heads of those that were desperately looking for ways to
leave the nine-to-five rat race and work from home.
What the masses didn't know was that during those two years
several so called home based medical billing support companies
were in full swing selling their wares and services to the
undereducated looking to get into this lucrative field. The
majority of the companies were well thought out scams and
because most people had no idea of what was needed to
successfully run and operate a business in this industry the
companies quickly became rich while giving nothing to the
clients in return (except for empty wallets, dashed dreams and a
lot of headaches).
Today, while the industry is still a growing field there are
several companies (usually the same ones from 2000 on but with
the same product and different names), that spend a lot of money
advertising in different venues to take further advantage of the
unsuspecting public. These companies know that the majority of
folks will not do any research before getting involved, they
make it easy for you to contact them, they have very convincing
sales reps waiting to con you out of your money and for a mere
$400 they tell you that they will supply you with everything
you'll need to make $40-$60K per year from the comfort of your
home.
Friends, let me tell you right now that there are no companies
out there that can afford to supply all of that for $400 and
stay in business! Common sense would alert most people that this
is a scam, but because most people are so blinded by the money
making potential they don't listen to that little person inside
that usually yells "It's Too Good To Be True".
How Do You Go About Avoiding The Scamsters?
1. Don't answer those ads that you see in your favorite local
shopper magazines (Globe, Sun, Examiner, Thrifty Nickel,
PennySavers, etc.) or in some of the major daily newspapers.
They usually go something like this:
"You Can Earn $50,000+ Processing Medical Claims From Home.
No experience necessary! Call 1-800-***-**** for
information."
2. This one is usually seen on the Internet but lately it can be
found in any number of widely sold financial/entrepreneurial
magazines. These ads are placed by medical billing opportunity
vendors that want you to purchase training, software, marketing
materials, and lists of doctors as a package deal for
$4000-$9000. Now there are a handful of well known medical
billing opportunity vendors in the nation, but if you aren't
sure who they are you must research the company in depth before
you contact them, but they do exist.
3. Watch out for what is called medical billing resellers of
well known/branded medical billing software programs that are
the most basic in design and won't be able to support your
business for years to come. So you in turn will need to call
them back and spend more money with them to upgrade the software
(so you get taken twice). You can find these cheap pieces of
software all over the net, on Ebay and from people's personal
websites (most of whom don't know anything about doing medical
billing as a business).
4. Look out for software companies that also claim to be their
own clearinghouse companies. They will claim to give you
discounted clearinghouse services because you initially bought
software from them, but you will have to agree to submit your
claims exclusively through them. Again you are paying twice,
except this kind of service is an extended and drawn out milking
of your wallet and the biggest problem is what happens if the
company goes out of business? That's right you're stuck big-time
and you'll have to spend a lot of money to get things back on
the right track. This is the same as putting all of your eggs in
the same basket that we've been hearing about since we were
young.
5. You should always research a company before you do business
with them unless you are getting a referral from a very trusted
friend. The best way to start your research is by going to the
BBB and doing a search for the company you are looking to do
business with. You can learn a lot about the company including
if the company has any open complaints against them from their
customers. You will also see if they have a favorable rating,
which goes toward their credibility.
6. The next thing that you should do is visit and partake in the
discussions at any one of the several medical billing forums.
These forums will become the basis of your support network and
will give you the opportunity to ask questions of established
home-based medical billing business owners. The other benefit is
that you will also meet other new medical billers that are on
the same level of getting their business started as you are, so
you know that you're not the only one who has fears about
getting started. Once you dispel the fears then you can focus on
the topic at hand and proceed with full confidence in your
decisions.
Many people that try and start their own medical billing
business usually fail to do so because they have skipped one or
all of the aforementioned. The sad part is that they cry foul
and say that the home based medical billing industry is a scam
instead of owning up to their own faults.
The home-based medical billing industry is a great business to
start but it's not for everybody so before you decided to get
involved I suggest that you research the industry in full and
read all the books on the topic that you can. There are several
books on the market but the majority of them are rather outdated
so they aren't going to do much for you since the industry tends
to change quickly.
Good luck to you in all of your endeavors.
About the author:
If you are entertaining the thought or you're just curious about
the home based medical billing field then do yourself a favor
before you do anything else and read the ebook entitled "Medical
Billing Book For Home Based Beginners" by Paul G. Hackett. Get
Your Copy At: http://medicalbillingbook.tripod.com/
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| Keywords: Medical Claim based medical billing, claims, home based medical, Medical Claim, home-based medical, medical billing, based medical, claim, medical, processing medical claims |
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