Medical Billing Forum
Starting a Medical Billing Business => Starting Your Own Medical Billing Business => : desheba October 28, 2012, 03:39:32 AM
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I have a question for everyone....I just found and signed up for this forum and it seems to be very insightful. I have over 10 years in the billing and collections field, and I am currently working as an independent contractor at home for a billing company. I want to try to do billing on my own but need to know if I can stay as an independent contractor and find business or should I start my own company and find business? By law, am I required to have a business to get clients? I have been working for two providers for the billing company, but with all the hours and work I put in for the company, I don't feel the pay is great and maybe I could do the same work, but more profit because it is my client??
Any thoughts would be greatly appreciated.
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You'll need to look at what you can afford in start up costs, you'll need all the same things a private contractor would need as you do a business, but having your own business might appear more professional and appealing to your clients in the long run. You'll need t obtain your own software, business registrations, insurance (liability and business insurance), compliance setup/procedures, etc. I THINK the diff between being a contractor and your own business come down to accounting/taxes really but you should talk to an accountant for those issues. You'll also need to have your own contracts for each client.
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Thanks so much for the reply, that helped a lot!!