Starting a Medical Billing Business > Starting Your Own Medical Billing Business
Marketing New Medical Billing Company
PMRNC:
--- Quote ---What do you think Linda: Approaching medical billing companies to see if they are interested in channeling out some work is a good IDEA?
--- End quote ---
My answer won't be popular, however I can't really say you'll have better success with MB companies than you would doctors. I have toyed with the idea of an employee or two myself over past few years, however I'd never hire outsourced individuals or subcontract work out. One of biggest reasons I wouldn't is liability insurance would go up BIG time, so right there I'd need to save a bundle in order for it to be cost effective. Second, IRS has guidelines on "employee's" and "sub contractors". With that said, who provides all the equipment/supplies? Third, even if I had them sign agreements, I have no real way of knowing their facility/setup is compliant, no way to really ENSURE that ongoing compliance. We live in a sue happy country. You can hire or subcontract another company but in the end, no matter what you are held legally responsible. So those are MY reasons. I can't say you wouldn't have luck though because I know many billing companies who do hire or subcontract out with those things in mind or regardless of those things I mentioned. If I were to hire someone to work in house.
SnyderKristine:
Yeah I totally agree. Well the best I can do to assure them is show them how compliant I am and my work atmosphere is. Sometimes I end up listing things I do to be compliant, and they are more than what the parent company does.
Well, I don't know whether to ask this or not, but just a try, can you name few companies you think are outsourcing or rather would outsource?
Michele:
I'm with Linda on this one. We have been in business for over 20 years and have received many requests to outsource some work, or hire to work at home. We don't ever do it either. For all of the reasons Linda said and more. I work from home and I cannot get everything done that I need to. There are just certain things that I must be on site to do.
PMRNC:
I actually was going through my notes/mail today and came across a quote I received from my E/O insurance provider. This was back in April of 2013 when I was thinking of taking on an INTERN.. (I met all criteria with our local college).. $612 a quarter JUST to add an Intern if they worked OUTSIDE my office!!
SnyderKristine:
That is a huge addition to the expenses. Even I would have not considered it then :)
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version