And all you needed to know to earn that money was what you learned in billing class, right??
Hi There I am brand new to this forum but need some advice.I have been able to speak with two people in the Medical Billing business and here is what I found out so far.The first guy (Steven) I spoke to lives in Oregon and went through the billing class I have been considering on taking online but he said the class was very basic and I could learn most of what he learned purchasing a few books on Medical Billing. Steven have been in the business a little over 2 years, told me he thought it better to quit my current job so to devote all my time to building clients and building this business but made him aware that this is not possible since Steven thinks it could take 1-2 years to build clients but was very encouraging about the business in general. Steven's father passed away and left him an inheritance and he has about 20 clients but only makes about $2500 a month from his business currently but could not do it if it was just billing business supporting him but expects his numbers to increase soon. Similarly, I did let him know "I am not quitting my day job" to do this business and it would need to be built while working my current job and he agreed but said it would take me longer to accomplish but possible.The second guy I spoke with (Jim) was the Neuro MD's biller who finally called me back after multiple attempts and me actually getting the MD to have him phone me back, which was by coincidence since I got a call from MD on my regular job with him needing assistance.Jim has a local business here in Sarasota, FL says Medical Billing is very competitive (which is probably why he didn't phone me back right away) but room for more people to get into the business and but made me aware that my biggest challenge is getting that first client to give me a chance with no experience in the business. In the same way if an MD finds out that I work my other hospital job on the side and that Medical Billing is not my primary business they would be nervous about hiring me. Jim says he does more than just Medical Billing and some of what he does that offices ask him to do, he doesn't really collect any revenue from such as: actually assisting the office manager role at some offices, helping offices with business work-flow issues, helping with software decisions and on and on. Jim was somewhat encouraging but told me to research a great deal before investing money and making the plunge, he also said he finds little niches that have helped him distinguish himself from competitors and suggested that for me in not so many words. Jim says to not look at just Bradenton-Sarasota but also Miami, Orlando and other areas to grow the business.Well, that is my nutshell report for now, and I still have little idea about what a typical day in my own business would look like yet but have been reading, researching and of course praying that I am moving in the right direction with starting my own business since living under someone else's whim or wane on how they wish me to conduct my job does not excite me any longer. I would rather decide to fail or succeed at my own business, than having to deal with political games here at current job, since 3 strikes means I get fired from my current job and I already have 1 and 1 half strikes against me.I am hanging in there though.
It is funny you inquired about this, since I am trying to find out more about learning medical coding too and might be able to get an 'in' here at the hospital where I work, I am trying to talk with people.I am beginning to think that I might have a better chance at the coding piece (more lucrative too) but can a person do coding from home or do a home business for coding as well or is it being hired to do so and being able to work from home. I am just looking for flexible options is all.Thanks again for your input, I don't take it lightly and do appreciate it greatly.