how easy or feasible is it to start a medical billing business?
Posted in Small Business by admin | October 28th, 2008
sdepalo74 asked:
I have received emails about starting my own medical billing and coding business. This would be good since it provides the opprtunity to work from home. Some of my friends have also received similar emails. Is there anyone out there who has or is about to venture into his line of work??
Medical practice management softwareclick here
I have received emails about starting my own medical billing and coding business. This would be good since it provides the opprtunity to work from home. Some of my friends have also received similar emails. Is there anyone out there who has or is about to venture into his line of work??
Medical practice management softwareclick here
October 31st, 2008 at 12:11 am
If you have a SCORE chapter in your area GO THERE!!!
SCORE is an organization designed to help people start small businesses. In my town we have a Small Business Association as well, so look for something like that too.
At these centers they have volumes of information about every kind of small (or large) businesses and you can find out what type of starting capital you will need, equipment, employees (if any), how to set billing rates, how to acquire clients and how many you will need, how to start and how to grow. They are a tremendous resource!
Most importantly — write a business plan!!!
The folks at SCORE will help you with that as well. A business plan will help you learn more about the billing industry and force you to answer questions that you never thought to ask. No one should ever open any type of business without a business plan.
October 31st, 2008 at 6:04 pm
It is very feasible but watch out for Emails trying to get you to buy their software. You will need a few thousand dollars of start up capital and some good training, but it can be done and is a lucrative career choice. Best wishes to you.
November 3rd, 2008 at 4:07 pm
Work at home opportunities are quite popular. Today, there are approximately 15 million Americans who work partly or exclusively from home. This particularly include those who have trouble balancing work and family responsibilities, such as mothers who have to stay home in order to take care of younger children or a severely disabled family member.
Starting up your own medical billing business is the perfect work at home opportunity. In fact, quite a number of professionals in the medical billing business industry are independent specialists working from home. It’s not that hard. Medical billing business does not need a lot of capital, although you might need certain specialized skills and training in order to gain clients. After all, doctors and healthcare providers are careful on whom they hire to act as their medical billers and coders.
But just as opportunities for medical billing business are popular, the number of scams involving them also comes by the dozen. Medical billing business is the perfect set up for a scam.
Thx
Jane Mac