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

Starting a new medical billing and collections company

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ruthie72:
Thanks so much, and AGAIN you ladies are so helpful..i really hope to be able to sign at least one provider soon.  I was wondering, do you make up your own forms or is there a website that you get your forms from? I really appreciate you taking time out of your busy day to help me..Have a wonderful day and i will try to not big a pig pain in the butt.... ::)

PMRNC:
If the office needs forms designed, I usually do them. In our members only area we have a huge array of forms also that can be downloaded and used as well.

midwifebiller:
Nice touch, Linda!

We've never been "used" that way before, but we have had a lot of trouble with new providers.  They don't seem to understand that it takes time to get them set up in an insurance system, it takes time for claims to grind their way through that system for the first time, it takes time before they actually start making a profit.  We actually had a 3-midwife practice ask us after three months in business, "Why aren't we making a profit yet? It's been three months!" (Their Medicare contract was pending, their Medicaid contract was pending, and their UHC contract was pending, so all of those claims were on hold.) Have you ever noticed that when anything goes wrong in the insurance world, it's always the biller's fault?  Anyway, we lost several clients after spending  several months getting them all set up (including the practice above). They weren't making enough money and decided it was our fault.  We now have a clause in the Agreement for any new practice that they must stay with us for one year.  It has helped quite a bit.

Live and learn...

midwifebiller:
We also create our own forms.  I love excel and have several templates that I have created over the years.  Using the templates, it only takes me (or an associate) a few minutes to customize the form for the client.

PMRNC:
Kelli, I had a minimum of 6 month's in my contract, however, you cannot enforce it if a client wants out and as long as they provide the notice necessary as stated in your out clause they can. My attorney has seen companies go to court and lose trying to enforce the terms, if a client is not happy they should have that "out" available or it's just going to cost you more in time/money anyway.  That's why my setup fee is also my security deposit and is NON refundable.

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