Question #1 : With the changes in healthcare, is this an incredibly bad time or perfect time to start my own business? I figure that I can probably start off with a free EMR with free updates for the dx codes, right?
Question #2 : What is my next step? I am looking to work from home so what needs to be done to assure that the environment is HIPAA compliant? What are steps to register my residence as my workplace?
Also don't forget E/O Errors and Omissions insurance. In many cases if you are NOT doing coding you could wait a bit on this until you have a steady income flow but I recommend having it. $3 Million is standard but you could get away with 1 Mil IMHO. In some states it's called Business or liability Malpractice, Quai Tam, or Errors and Omissions. In regards to HIPAA security you will have to meet the physical requirements of any other provider's office. Your files if in an unlocked area must be secured (locked), make sure your computer access is restricted (use auto logoff as required), make sure all email correspondence with PHI is secure and if website use will hold PHI, make sure you have an SSL. When you develop your P&P and compliance plan just do it as any other medical office would and you will be in good shape. Make sure you have all of your HIPAA agreements (BAA) ready to go with your contract when you present to a potential client.