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

5yr GSE Contract

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sagemb:
My one and only client is now joining a medical center so I'm in a phase to clean up all the balances, last bit of follow up, and payment applications.

However, just as I'm running out of confidence, I just got a voicemail by a financial consultation company asking if we would be interested in signing up with 2 or more doctors for billing. Also said that the terms of contract will be for 5yrs "GSE".

My Thoughts Are:

* I don't know even know what GSE is, turns out it has to do with companies that are backed up the government in some way. Does anyone know more about this?
* I thought it was too easy that business just comes and falls in my lap. And not just 1 doctor but 2 or more? Is it too good to be true?
* I thought was WAY TOO GOOD to have a 5yr contract. But again, it just sounds too good.
What are your thoughts? Any tips?

RichardP:
GSE = Government Sponsored Enterprise

https://www.google.com/?gws_rd=ssl#q=gse

You were contacted by a financial consultation firm?

I could be wrong, but I expect that if you express interest you will discover that, for a fee, they will give you a list of GSE's that you can contact on your own.  Why don't you ask them what's up.

Merry:
So many questions. I would check out the company that called you. And I would look at contracts. With whom would you be contracting? The consulting firm or the doctors? Is the consulting firm making a percentage on this? Do you know anything about the doctors?
To be up front and I think you want this or you would not be asking.
Many years ago..another person and I (she is also on this board) were responsible for publicizing some of these scammy companies. In fact one of them went to jail in your state. So I come from experience. It just doesn't smell right. How do you even know if this is a practitioner that you would want a relationship with? Are they US based?

I know it is difficult especially when something sounds so good and bravo for you for posting for us all to see. I have given you just a few questions to start with. there are so many more but certainly do some research on the consulting company first. Share and we will be happy to help.

I hope for you that this is legit. I would hate to see this kind of business starting all over again.
Please keep in touch here on the board and let us know what you find out.

PMRNC:
Sounds fishy to me too but then I'm the queen of pessimism in this business and nothing surprises me anymore. I'd ask to see so-called contract. 5 year lock in on a Govt sponsored job makes me skittish. lol

Michele:
WE recently were contacted by a company who 'helps us complete all applications' to obtain government billing jobs for a minimal fee of $6000.  We contacted another person who had already done it and they said "RUN!"

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