LAUNCH A CAREER IN MEDICAL CLAIMS BILLING The market for medical claim billers is growing exponentially. With legions of providers and an ever-expanding patient pool, health-care industry spending is expected to grow by 5.8 percent each year through 2024. By then, health-care spending will total $5.43 trillion and account for 19.6 percent of the gross domestic product. So let there be no doubt: Health care is big business and its growth shows no signs of slowing. This makes it the perfect time to start your own medical claims billing service.
Gives... definitive answers to all the questions you have and the questions you didn't know you should be asking such as... 1) Is the home based medical billing market saturated? 2) Can I start this business without any prior healthcare experience? 3) What will it really cost me to start a work from home medical billing career? 4) How long will it take me to get up and running? 5) How much money can I expect to make as a home based medical biller? 6) How do I correctly set up my business entity in the eyes of the law? 7) What is HIPAA and how does it impact me as a medical biller? 8) How do I choose the best medical billing training courses? 9) How do I evaluate and choose the best clearinghouse for my business? 10) Where do I go to download medical billing software demo's? 11) What 3 medical billing services at a minimum should I offer to potential clients? 12) How much should I charge clients for my services? 13) Where will I find the contact information of physicians so I can market my services to them? 14) What must I do and say to convince doctors and their staff to secure their business? 15) What kinds of paperwork will I need to bring on an interview to ensure the signing process goes smoothly?
Book & CD-ROM. If you are detail-oriented, want to be your own boss, and would like to act on the behalf of physicians all over the country, the medical billing service business could be a right fit for you. Whether you will be operating out of your home or you are looking to buy or rent office space, this book can help you with a wealth of start-up information, from how to form and name your business to deciding if this will be a joint venture or if you would rather work solo. Valuable information on forming a Partnership, LLC, Corporation, or becoming a Sole Proprietor, the four types of business formation, is included, as well as the legal implications of each. A complete list of all of the start-up equipment that you will need is provided, as well as a sample budgeting sheet to allow you to gauge start-up costs. You will learn about potential risks that you take in opening a medical billing service and why it is important to have business insurance. You will find information on the operations side of running your business from filling medical billing claims to receiving payments, along with privacy information that you will need to know such as HIPPA. Included is a glossary with all of the medical billing terms that you will need in order to knowledgeably run your business, alongside a complete listing of procedural codes and a directory of insurance carriers. You will learn about each of the covered services in the medical field, along with other major medical industries such as, psychiatric, dental, durable medical equipment, and pharmacy. This complete manual will arm you with everything you need, including sample business forms; contracts; worksheets and checklists for planning, opening, and running day-to-day operations; lists; plans and layouts; and dozens of other valuable, timesaving tools of the trade that no business owner should be without. A special chapter on the different types of billing software that you should buy is included, as well as how much it will cost you and how to set up and use the software to save time and money. While providing detailed instruction and examples, the author leads you through every detail that will bring success. You will learn how to draw up a winning business plan (the companion CD-ROM has the actual business plan you can use in Microsoft Word) and about basic cost control systems, copyright and trademark issues, branding, management, legal concerns, sales and marketing techniques, and pricing formulas. You will learn how to hire and keep a qualified professional staff, how to meet IRS requirements, how to manage and train employees, how to generate high profile public relations and publicity, and how to implement low cost internal marketing ideas. You will learn how to build your business by using low and no cost ways to satisfy customers, as well as ways to increase sales, have customers refer others to you, and thousands of great tips and useful guidelines.
The definitive guide to starting a successful career in medical billing and coding With the healthcare sector growing at breakneck speed—it’s currently the largest employment sector in the U.S. and expanding fast—medical billing and coding specialists are more essential than ever. These critical experts, also known as medical records and health information technicians, keep systems working smoothly by ensuring patient billing and insurance data are accurately and efficiently administered. This updated edition provides everything you need to begin—and then excel in—your chosen career. From finding the right study course and the latest certification requirements to industry standard practices and insider tips for dealing with government agencies and insurance companies, Medical Billing & Coding For Dummies has you completely covered. Find out about the flexible employment options available and how to qualify Understand the latest updates to the ICD-10 Get familiar with ethical and legal issues Discover ways to stay competitive and get ahead The prognosis is good—get this book today and set yourself up with the perfect prescription for a bright, secure, and financially healthy future!
Dive into the world of medical billing with "Medical Biller - The Comprehensive Guide." This extensive resource is your one-stop solution for understanding and mastering the intricate processes of healthcare billing and coding. This guide provides a thorough understanding of the medical billing industry, including essential principles, current practices, and the latest updates. Designed for both beginners and seasoned professionals, this book covers everything from the basics of medical terminology to the complexities of insurance claim processing. You will learn about the different types of health insurance plans, compliance with healthcare laws, and effective communication with healthcare providers and insurance companies. With step-by-step instructions, real-world examples, and practical tips, this guide ensures you gain the skills necessary to succeed as a medical biller. The book also delves into the technological aspects of medical billing, such as electronic health records (EHRs) and medical billing software, preparing you for the digital age of healthcare. Please note, for copyright purposes, this book does not contain any images or illustrations. It is purely a textual guide, aimed at delivering comprehensive knowledge in the most straightforward and efficient manner.
"Claim Success! is written to provide entrepreneurs, business people, and anyone investigating medical billing as a potential career, with completely up-to-date, comprehensive information about literally everything you will need to know to decide if running a medical billing and practice management company is a good business for you to consider." --Publisher.
Imagine being your own boss. Imagine working from home in your sweatpants. Imagine setting your own schedule. Imagine supporting yourself and your family purely by your own effort. In Code from Home, author Sandra L. Kocsis discusses the ins and outs of starting your own home-based medical billing service. Based on her personal experience establishing her own at-home business, Kocsis shares detailed information including how to: Know if you are interested in this career Sell your skills Write letters and proposals Handle an interview Understand coding including diagnosis and procedure coding Determine insurance coverage eligibility Manage your business Schedule yourself Prepare the charts Submit the charges Bill your fee Providing examples of proposal, patient, insurance, and collection letters, Code from Home helps you understand the world of medical billing and collection and how to manage your at-home business to be profitable and successful.
Dive into the world of medical billing with "Medical Biller - The Comprehensive Guide." This extensive resource is your one-stop solution for understanding and mastering the intricate processes of healthcare billing and coding. This guide provides a thorough understanding of the medical billing industry, including essential principles, current practices, and the latest updates. Designed for both beginners and seasoned professionals, this book covers everything from the basics of medical terminology to the complexities of insurance claim processing. You will learn about the different types of health insurance plans, compliance with healthcare laws, and effective communication with healthcare providers and insurance companies. With step-by-step instructions, real-world examples, and practical tips, this guide ensures you gain the skills necessary to succeed as a medical biller. The book also delves into the technological aspects of medical billing, such as electronic health records (EHRs) and medical billing software, preparing you for the digital age of healthcare. Please note, for copyright purposes, this book does not contain any images or illustrations. It is purely a textual guide, aimed at delivering comprehensive knowledge in the most straightforward and efficient manner.
The easy way to start a career in medical billing and coding With healthcare providers moving to electronic record systems, data accuracy and efficient data processing is more important than ever. Medical offices need professionally trained billers and coders, either in the office or via telecommute, to handle records for internal and external accessibility and efficiency. Medical Billing & Coding For Dummies gives you everything you need to know to get started in medical billing and coding. It gives you practical, easy-to-follow coverage and advice on how to find a course, educational topics you should review and pursue in order to stay competitive in the field, and the laws and other regulations you'll encounter in your work. Certification requirements and standard industry practices Tips for dealing with government agencies and insurance companies Ethical and legal issues If you're looking to start a career in the popular field of medical billing and coding, this hands-on, friendly guide has you covered!
