Starting a Medical Billing Business > Starting Your Own Medical Billing Business
Starting my own Medical Billing business... Hospital Billing experience only.
sheilahaney:
tallmanusa - Seems to me that you are a little bit on the negative side, :o but thanks anyway.
sheilahaney:
Shunbull- thank you so much for your reply. It is very encouraging and very true.
;D Thanks
tallmanusa:
I have first hand experience of starting this business. We now acquire about two new clients per week.
I had resources so I could take on the big guys in their own game. I get new clients exclusively through digital marketing; internet is where people are and doctors are no different than the rest of us.
I don't see where the opportunity lies for the small operator.
E Clinical Works charges 2.9% and includes EMR and PM in that, and so are a dozen other companies, including one of favorites with billers, Kareo.
It is delusional for a small operator to think he/she would walk into a doctor's office and get his billing at 6% while he pays additionally for the software. They can't compete.
Have you ever seen a small butcher shop? They went out with horse and buggy.
Most small billing companies in business for a while are struggling.
Most start ups don't have much money, the little they have they lose in chasing wild dreams. The least I could do is to warn them, they should look before they leap.
RichardP:
I don't see where the opportunity lies for the small operator.
The opportunity for the small operator lies in competitive advantage. The country is large enough to support niche markets. We've been through this before. Lets don't go through it again.
For those who want to rehash this subject again, the page is a good place to start:
http://www.medicalbillinglive.com/members/index.php?topic=6930.msg20528#msg20528
tallmanusa:
Things have changed a lot in one year, and not for the better for small biller.
Kareo did not even sell billing a year ago; now it emphasizes billing sales.
Advanced MD, Nuesoft, Cure MD and a slew of others now primarily sell billing services.
Practice Fusion, the largest EMR in the country, just got hooked up with several billing companies.
I know it well, I compete with them, every time. That is what I do.
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