Medical Claims Billing Services
Low startup requirements make this a great homebased business!As insurance regulations and paperwork requirements get more complicated, doctors and other health care providers are turning to third-party billing services to take care of their billing needs. It's an $18-billion dollar industry that's growing like never before creating a growing niche for entrepreneurs who are experts at tunneling their way through the paper avalanche.
Americans now spend about $1 trillion a year on health care and the bill is sent out to collect every dollar. Why is that important to you? Because doctors have trouble collecting what is owed to them by patients, insurance companies, medical groups and hospitals. They're buried in paperwork, complicated Medicare and Medicaid documents and insurance forms they must deal with daily.
What’s the remedy? More and more doctors are paying billing experts to handle their paperwork. This creates a growing niche for entrepreneurs who are experts at tunneling their way through the paper avalanche. As a billing specialist, you will help clients fill out claims forms to make sure patients get all the benefits they rightly deserve; then you'll transmit claims electronically, directly into the computers of HMO and Medicare, short-cutting the handwork that slows down many claims and gaining automatic priority over claims submitted on paper. With referrals from doctors and hospitals, your billing service can grow quickly. In fact, with health-care needs accelerating, the demand for your services will grow by leaps and bounds-along with your profits.
This start-up guide teaches you everything you need to know to get into this perfect starter business, including:
With expert advice from medical claims billing professionals and the latest industry information you'll learn everything you need to know to get into this perfect starter business including:
- Researching the market
- Calculating startup and operating costs
- Finding clients
- Getting referrals
- Demystifying medical jargon
- Dealing with insurance carriers
- Telecommuting options and online work
- Professional networking
Startup requirements and costs are minimal, opening the door for anyone to get started in this lucrative field.
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