Starting a Medical Billing Business > Starting Your Own Medical Billing Business

I have been researching starting a medical billing business have questions

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Alice Scott:
Question
Hello Alice,
 
My name is Kathy W and I live in Mississippi. I have been researching starting a medical billing business . I am 56 with no knowledge or experience in this field. I have been reading for 2 weeks and I still am on the fence. I stumbled on to your site this week and it sounds like you are legit. YOU may not want to answer my questions but if you can I would appreciate any guidance you could give. I have spoken to a company called Synergy last week. If you know anything about them I would appreciate your input. I have read alot about so many scams out there I am nervous. This guy said I wouldn't need to take a course because they would train me on their software, is this good advice? We have also read about some companies that offer web based software ,Is this better than non web based? The plan is for my to adult daughters to do this with me . They live in Louisiana,so we need a program that can be used in both states , is this possible?
 
Thanks for your time . Any advice you can give will be appreciated.

Kathy W

Answer
Hi Kathy,

I know exactly how you feel.  I was almost 50 when Michele and I started this business and I knew absolutely nothing about medical billing.  We do understand how difficult it is to get any good information, so we have decided to use our website to help others.  You may want to check out as much of our site as you can.  I try to add to it daily.  www.solutions-medical-billing.com

I’ve never dealt with Synergy, but we did sign up with a company when we first started that we felt was a scam.  The government stepped in and threatened to put them out of business and they returned our $5000 we spent.  I personally do not like the packages they sell.  You need a good practice management system (the billing software) and some knowledge to get started.  We wrote our book “How to Start Your Own Successful Medical Billing Business” for people like you to let you know what to expect when you start this business.  It really helps you decide if this is the business for you.  http://www.medicalbillinglive.com/medical-billing-business.shtml 

The guy might be willing to teach you on his software, but that’s a small part of what you need to know.  Most of the billing softwares are pretty user friendly so learning the software is not the biggest problem you will encounter. 

Any program you use could be used in two different states no problem, but I would have to think a little about how you would do that.  My daughter works on our software from her house using a service that allows her to access her work computer at home.  I’m not familiar with the web based software, but Michele could tell you more. 

Good luck in your decision.  I hope this information helps.  I’m not just trying to sell our book, but it really would help you make this decision.

Alice

guha04:
Hi Kathy,

I have experience in setting out business for Medical billing.Please feel free to ask me any question at guha02@yahoo.co.in

Regards,
Guha

rakeshvanamali:
My name is Rakesh and I work as a Research Analyst learning the medical billing industry. I am looking to understand the following;
 
The Role of Billing Service Providers vis-à-vis Providers
leading medical billing services in the united states
Size and dynamics of the Medical Billing Industry; and
Agencies / Legal Provisions governing the Medical Billing Industry
 
Could you tell me where I would be able to source the above-said information from?
Would you know of any helpful websites?
 
Thanks very much
 
Rakesh

gderilus:
Hi Alice and Michelle can
My name is Guerdie and I've been reading alot about medical billing business. I'm going for the AS degree in medical billing and coding right now at a College and have a few months left. I started looking for a job but everybody wants at least 2 or 3 yrs experience. I live in Florida and it's really hard to get a job around here without experience. So I was thinking about getting into the business but I'm nervous cause I don't really have any hands on experience. I've read about this company called claimtek and they offer business opportunity. They said that they would train me on everything as far as marketing, software etc. Has anyone heard about them before, any advice would help. their software called Medoffice. Do you guys think that I can do it without experience. I'm a mother of 2 and I would like to stay home to raise my children.

Michele:
Hi Guerdie,

    It is possible to start a medical billing business without any hands on experience.  You need to have drive and determination.  I am not going to tell you that this is an easy business opportunity, but it is certainly a good business opportunity if you put enough work into it. 

    I didn't actually have any hands on experience in medical billing, but I processed medical claims at an insurance company so I had a little background.  But Alice had no background in medical billing at all.

    I would be very careful buying into any packages.  Some are ok, but many are not.  We unfortunately bought into one that wasn't ok when we first started.  I am not familiar with claimtek or Medoffice.  I hope someone else on the forum is, and that they can give you some info on them. 

   You should probably check into how long they have been in business and if they have any references, successful billing services that have bought their offer.  If you can talk directly to them, ask them how long they have been in business, when they bought the claimtek, how long after before they got their first client and how many clients they have.  Also, if they will say, approx how much are they earning now. 

    Those are very specific, tough questions that if they are not truly clients of claimtek they should have trouble answering.  If the answers are far fetched, that should be a warning too.

     I would definitely check into them as much as you can before giving them a penny.  Remember if it sounds too good to be true, then it probably is.
 
     I'm not saying all this to discourage you.  I would not discourage you from starting the business, just from throwing money at a company that promises to 'teach you everything you need to know AND get you clients.'  I believe you can do this business.  There are lots of providers who need a billing service that can do a good job, and you can do that while you learn along the way.

Good luck
Michele

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