Author Topic: New to the business  (Read 6814 times)

Pay_My_Claims

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Re: New to the business
« Reply #15 on: June 29, 2010, 05:19:53 AM »
Hi - I am new to this site and am finding it full of information. I have been in the medical billing business for about 5 years now and am thinking about going out on my own. I have no idea where to start. Can anyone tell me the first steps to take and approx what the start up costs will be? I will be billing from home and am not sure how that works with the software I purchase. I am looking into Medisoft and trying to figure out how I connect or if I have to connect to the doctors offices. There is so much to the business part that I am afraid I will jump into something to fast! Any information or suggestions would be greatly appreciated...thanks...Tonya

The first place to start is with your city's government office. Everyone has a different requirement to open a business from your home. I had to have an HOP, and a business license to begin. Once you get that information, you can then look into doing your business plan on how you want to develop and grow your business.

tonya_l

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Re: New to the business
« Reply #16 on: June 29, 2010, 05:54:30 AM »
ok i will start with a business license and go from there. Thanks for your fast reply!

karenb

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Re: New to the business
« Reply #17 on: July 09, 2010, 06:31:17 PM »
 I just found the forum and I have some specific questions. I have been billing for DME for 9 years and have a chance to do some billing for a sales rep who fits braces in doctors offices and he wants someone else to do his billing. My question is will he have a npi or do I have to get one and set up like a business . I am confused on how I will bill for this because I am used to billing for a particular othotist. I guess it is like stock and bill which I am not familar with can anyone give me some answers so I know where to go with this.

Thanks.

Pay_My_Claims

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Re: New to the business
« Reply #18 on: July 10, 2010, 05:53:30 AM »
I just found the forum and I have some specific questions. I have been billing for DME for 9 years and have a chance to do some billing for a sales rep who fits braces in doctors offices and he wants someone else to do his billing. My question is will he have a npi or do I have to get one and set up like a business . I am confused on how I will bill for this because I am used to billing for a particular othotist. I guess it is like stock and bill which I am not familar with can anyone give me some answers so I know where to go with this.

Thanks.

hummmmmm, is he looking for you to billing or invoicing??? The Sales Rep isn't selling to the client, but to the Provider, so he shouldn't be billing insurance.

aksharhealth

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Re: New to the business
« Reply #19 on: July 16, 2010, 02:46:43 PM »
I need help in growing medical billing business. I was working partime for Gyn doc as medical biller since 2007. Then in 2009 I get job as collector in one of the top medical billing company in US. I am working on AR. Also now I am doing billing for Gyn doc from home. Now I want to grow in my own medical billing business. I have named the firm. My next step is to make website, brochures, and required marketing material. Side by side I am looking for software. Here I am confused from where to start. Firts I want to know about any reliable company who can make attractive website, brochures and other marketing materials for medical billing. I have studied Claimtek but they are very expensive. Also I have heard that their support is not good. Any sugestions will be helpful.

Pay_My_Claims

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Re: New to the business
« Reply #20 on: July 17, 2010, 02:50:37 PM »
have you gotten your license to do biz yet?

Alice Scott

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Re: New to the business
« Reply #21 on: July 18, 2010, 04:39:36 PM »
I'm really not familiar with Claimtek at all so i can't comment on them in particular.  It is important that you carefully consider price and functionality when choosing a software.  Most likely you will be using it for a long time.  If it is too expensive it will eat up all of your profits.  If it is too cheap and doesn't perform well, it will hurt you too.

As far as webs, there are a couple people on the forum that do them, such as Linda.  I would just ask for some samples that you can view, and look at the terms, such as how changes/updates are handled and what happens if you decide to no longer use their service.  My aunt had someone do a website for her and when she notified her she would no longer be using her which was a couple years later and the woman was horrible at doing updates, she tried to delete the whole site.  Thankfully I have enough background that we were able to save it for her. 

Good luck
Michele
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aksharhealth

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Re: New to the business
« Reply #22 on: July 19, 2010, 07:26:42 AM »
have you gotten your license to do biz yet?

I am in state of MD which does not require License.

aksharhealth

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Re: New to the business
« Reply #23 on: July 19, 2010, 07:29:21 AM »
I'm really not familiar with Claimtek at all so i can't comment on them in particular.  It is important that you carefully consider price and functionality when choosing a software.  Most likely you will be using it for a long time.  If it is too expensive it will eat up all of your profits.  If it is too cheap and doesn't perform well, it will hurt you too.

As far as webs, there are a couple people on the forum that do them, such as Linda.  I would just ask for some samples that you can view, and look at the terms, such as how changes/updates are handled and what happens if you decide to no longer use their service.  My aunt had someone do a website for her and when she notified her she would no longer be using her which was a couple years later and the woman was horrible at doing updates, she tried to delete the whole site.  Thankfully I have enough background that we were able to save it for her. 

Good luck
Michele


Thank you Michelle.
Linda, Can you help me with website and brochures.

lbrill

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Re: New to the business
« Reply #24 on: November 04, 2010, 10:41:09 AM »
Hello,

My name is Lon.  Like many who have posted within this forum I am new to the medical billing business.  I am still in learning mode and have not yet gotten to the point of business cards, web sites, marketing, etc....    I will be getting to this fairly soon, I have mostly been learning about this in general.  To give some background, I currently have a day job in Information Technology and it affords me the ability to mostly work from home.  As such, I will have some time to start my own medical billing business. 

I have completed a home based course (this allows me to atleast get an understanding of the process).  In addition, I have purchased many books on how this business is run, have read some and am continuing to educate myself.  I know that my next steps are to demo different software and choose one, do my marketing research and write a business plan (not necessarily in my order).

I am finding one item to be a rough spot though, the marketing research will need to focus on strategy, but to get to that point I need to have a target.  While there are many types of providers out there I am not sure which type makes most sense to start with.   Are there any types that are better for individuals new to this business or am I better off just randomly picking some targets  off a medicare participating list (in essence "throwing mud at the wall and seeing what sticks")? 

One other question I would ask, is that in thinking about this, I believe the best place to get started would maybe be a new/younger doctor beginning their own practice.  Are there any lists that exist where I could find this detail of information?

Any insight would be greatly appreciated.

Regards,

Lon

rdmoore2003

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Re: New to the business
« Reply #25 on: November 04, 2010, 11:02:37 AM »
I have used the Medisoft program for different providers in-house many times and still know providers that use it.   I would not suggest it.   Remember the old saying,  you get what you pay for.   With that said, I understand that it may be a good option for a start, however, if you are the only one "employed" in your new business, plan ahead that you will purchase a new program as quickly as you can afford it. 
Regina

Michele

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Re: New to the business
« Reply #26 on: November 04, 2010, 07:21:30 PM »
A lot of billing services will start by targeting mental health providers.  They are fairly easy in terms of billing as they only use a handful of cpt codes, and not a wide range of icd 9's.  There are social workers, psychologists and psychiatrists and they tend to be plentiful.  Most of these providers do not have a lot of office staff since they don't see as many patients an hour like a family practice dr.  Starting with newer drs is good too, since they usually need more help.  You can offer to assist them with credentialing, or other start up processes.

Good luck!

Michele
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jcbilling

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Re: New to the business
« Reply #27 on: November 05, 2010, 08:16:19 AM »
Michele,
 
In your experience, what would you say the average monthly receiveables for a psychiatrist are?

~ Charity

jcbilling

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Re: New to the business
« Reply #28 on: November 05, 2010, 08:17:50 AM »
Lon,

For billing software, I recommend looking into Kareo or DAQ Billing - they are both web based software.

~ Charity

PMRNC

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Re: New to the business
« Reply #29 on: November 05, 2010, 09:21:59 AM »
Quote
In your experience, what would you say the average monthly receiveables for a psychiatrist are?

It's impossible to give an average because there are too many variables, some psychiatrists are strictly med management, others practice both therapy and med management, some do hospital visits/rounds, some work in nursing homes, some do forensics...it's really impossible to give an average on this, you also have to look at location. The average initial eval  (90801) for a psychiatrist could vary between $100 and $300 per hour, that should give you an idea of why it would be next to impossible to give a general analysis of receivables.
Linda Walker
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