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

Need Advice!

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Michelle1965:
I totally agree that there is a huge difference between having your own Billing Company and working at home for an Employer. I went and read the article at the billers website you recommended, and after reading the article I realized that I might as well start my own business, because I have been working in Physician's Offices for the past 4 years, and none of them have ever paid for my CEU's or my Coding Books, but because I didn't have the experience at the time I just took the positions. 
Now that I have the experience, and knowing the potential I could bring to a Practice , it does make more sense to start my own Medical Billing Company. I honestly don't feel I make what I am worth anyway as an employee, so the idea of being able to charge my own fee's and make what I'm worth is very appealing to me.   Thank you for everyone's advice, because it really has helped me see things more clearly.  :D

Michele:

--- Quote from: Michelle1965 on August 26, 2014, 11:32:13 PM ---Now that I have the experience, and knowing the potential I could bring to a Practice , it does make more sense to start my own Medical Billing Company.

--- End quote ---

Best wishes to you!  Sounds like you will do great.  You are asking all the right questions and showing that you do your research.   :D

PMRNC:
If I could interject..
5 years ago my advice would have been completely different..I would have said to demo many different software's and try to determine the best for your business, however TODAY, it's totally different.. IF you have experience in this market you can work with any PM system, that gives you an edge over the other companies that push to sell their software or transition a client to their software.. you don' t have to do that. You get to market that you can diversely work with any PM system, not absorb the costs, technical support or the headaches of a transition! With that ONE model in mind you can cut your start up costs practically in half. :)

Michelle1965:
That is great advice, because that was one of the questions I was going to ask. Most provider's are set in their own ways, and that would be very difficult to sell them on the idea of switching over to my software.  Thanks for your help!  :)

PMRNC:


--- Quote ---That is great advice, because that was one of the questions I was going to ask. Most provider's are set in their own ways, and that would be very difficult to sell them on the idea of switching over to my software.  Thanks for your help!  :)
--- End quote ---

I have seen a lot of billing companies turn clients away over this. Practices are more apt to outsource if they feel they can stay in control and utilize the systems in place that cost the practice money to-date. I wish I had done this back when I started. On the other hand I might not have had the experience I have with working with so many softwares. I worked with good, bad and terrible systems and been through so many conversions and each one was a learning experience. I am glad to be done with the messy termination, software expenses and tech support costs. :) I've increased my profit margin using this model big time. If I run into a client that doesn't want to utilize their PM system anymore or they don't have one, I have a master list I send them with contacts, info, demo mode, etc. They choose and I work. :)

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