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

A Potential Dream

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suky12:
Hi!

First off, thank you for creating this wonderful and helpful forum!  ;D  I am so glad to have stumbled into this forum.

I have been doing medical billing for over 10 years and loving it.  When I first started it, I didn't think I would like it. But I love it!  Anyway, I have always wonder what it would be like to work from home.  Of course it's great, but I am nervous.  For one, I know there will be a lot of works!  And two, getting clients.

I am currently working full time for a therapist.  The business was a mess when I started!  Found out the previous biller/manager have no billing experience what so ever.  Long story short, I clean it up and he was impressed.  So now, he knows a therapist that is going to have a practice of his own and asked me if I would be interest in helping them set up billing (I would get pay for my time, of course).

Here comes part of the question.  I see this as a golden opportunity to start something.  I mean, this could be my first client.  From what I heard this new therapist doesn't have a biller and doesn't know anything of that field.  How should I approach this without giving the wrong impression to my current boss.  I do not want to give any hint that I am actually thinking of separating myself away from him to create my own business.  Also because he have a very bad experience with billing service. (Don't let me get start it, I ended up cleaning that up as well and now it's all in house billing).  Know what I mean? 

Any of you have any opinion on going about this? ???  I plan on staying with my current boss, until I am ready to separate myself.  And of course, I will have a partner and she also work full time.

We already have 2-3 potential clients by the way.  Help please.... :-[  Thank you in advance!

PMRNC:
Just my opinion, but I wouldn't do this behind your employer's back, it could mean a bridge burnt and that wouldn't be a very good start for your business. I would approach him and be honest and up-front. If you have already proven yourself, there's a great chance he will be receptive and in turn possibly become your first client. Another reason you don't want to do this behind his back is so that you can get a good reference. Another thing to consider is that he would hear it from someone else (colleague, patient, etc).  Again, JMO

Michele:
I agree with Linda, I wouldn't do it behind his back either.  Even if what you are doing isn't wrong, if you hide it then it looks wrong, and it becomes about the fact that you hid it, not what you are doing.  You don't have to say, "I plan on leaving and starting a business".  You can say that you want to do this on the side.  Which is true.  Then when you get to a point that you want to leave, cross that bridge then.  There is no guarantee you will ever get to that bridge.  One thing I've learned is that life's road has many unexpected turns and curves.  There is no reason to state something that may or may not ever happen.  Take it one step at a time and tell your boss your plans for the moment.  At this moment, you would like to do the other provider's billing on the side.

Tell your boss that you would like to just do the billing on your own time, because you know what a mess it can become if the person doing it isn't doing a good job.

Good luck!

suky12:
Thanks for the responses.  Good points.  Actually, thanks for the reminder!  ;D  He had actually approach me not too long ago if I would be interest in having my own billing business.  In someway, he was hinting off for us to bill for other therapists that ard looking for billing service.  I thought it was a great ideas.  But if I was to do this, I thought it would be better if I can just start it with my friend/partner.  Of course I would still do his billing. 

You are right, he could very well be my first client.  Nothing is final yet and taking this slowly (very very slowly) because I am way too busy.  Who know, maybe I'll ended up having him as the other partner! :D

So, i know some of you do this on the side.  Is it hard?  I mean, where do you find the time when you work 8 hrs a day.  Do you do it on your lunch hour for follow up?  And do you just set this up at home and work on it when you get home?

PMRNC:
I worked full time plus OT when I started my own billing company, but after 2 clients it was just impossible. I know some that work full time but it's probably only feasible if you have a small clientele to start.  You have to keep in mind there will be day time hours you will need to be available.

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