Starting a Medical Billing Business > Starting Your Own Medical Billing Business
Starting a Business
Steve Verno CMBS, CEMCS:
Ive been in the business since the great flood. As a coder and biller, I work from my home. I dont do it as my own business, I do so as an employee of my provider. I started working in the office. The doctor trusted me and said, rather than drive 600 miles one way, be away from my family for a week at a time, work out of my home. He picked up all of the costs to do my work. He pays the postage, for office supplies and for my internet. I am sent daily e-mails of things needed to be done along with scanned EOBs and correspondence.
I did have to go through the local requirements to work out of my home. That included a county certificate of occupancy. Register with the State Division of Corporations and an inspection by the local fire marshall. But these were local requirements and I work for other providers as a 1099 employee as a consultant and instructor. All of this may not be required where you live. At tax time, I get a W-2 form for taxes from the provider. All of the other clients I help send me a 1099 form and I end up paying Medicare and SSI taxes because the IRS says I own my own business, hence the red tape from the State and local folks. BUT, for my provider, I work for him out of my home as his employee. IT took 6 years to build up the trust to allow me to work from home.
Pay_My_Claims:
--- Quote from: PMRNC on December 07, 2009, 09:25:06 AM ---If you are starting your own business it is imperative you have start up funds. You will need more than just your software. The costs you can then incur later with clients will be clearinghouse fees, forms, etc. Depending on what software you purchase you might also consider training and I highly recommend a support plan as well. You are also going to need many other items to start. It's like any other business. For example, you wouldn't purchase a restaurant and not the ovens while you wait for people to enter the restaurant. There are some of us who will connect with offices and use their PM software but I would suggest you have a vast amount of experience first because you do not want to charge your client to learn their software, one of the advantages to outsourcing for providers is cost, so you have to keep that in mind.
--- End quote ---
Great Reply!!
joecorso28:
I have had formal training in billing and coding and am certified in both, my understanding is that soon billing and coding certification will be mandatory, but I am from New Jersey or some say Joisey, I cannot find a job and I see most billers and coders are uncertified, I am presently targeting small practices with a number of options. Frustrated yes, I am the only surviving member of my class, everyone else gave up long ago.
Oh yes, I graduated last June!
QueenAlicia:
I have formal training as well which I got back in 2008 and started my business last year. It's been really slow getting everything together but it is coming along. Start up funds are a big plus. I could have been up and running fully if I had paid attention to other softwares. I am looking into other courses just to keep my mind fresh on all the procedures.
Michele:
Are you looking for a job in a provider's office, or are you starting a billing service?
Michele
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