Billing Business Plan

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Billing Business Plan:

MEDICAL BILLING HOME-STUDY COURSE

is a comprehensive program for those interested in a career in Medical Billing. This at-your-own- pace course covers every aspect imaginable!

Top Features

Study at Your Own Pace

Study Online or Away from Computer

Telephone, 24 Online & Email Support Provided

Take Exams Online

Medical Billing Training Software Included

When Proper Planning Leads to a Win-Win Situation

The medical biller's services usually consist of electronic submission of medical insurance claims for reimbursement, but rather than being directly geared toward increasing the medical office's profits, this service works in a round about way by freeing the medical office staff to do tasks related to providing better medical and health care services to more patients. This in turn affects the business' bottom line.

Ka-ching! The patient is cared for, the doctor gets paid, the medical billing consultant profits.

Also, by allowing the physician to outsource their health insurance processing and billing needs to an independent expert rather than hiring an in-house medical billing staff they can save substantial amounts of time and money on employee benefits, training, replacement, motivation, vacations, sick days, employee payroll, payroll taxes, insurance benefits, retirement plan contributions, software and hardware, monthly maintenance cost, backups, disaster recovery, replacement, telephone systems, postage, and supplies.

Setting Up the Small Home Office

Another important part of getting started is to set up a small office area with the right office equipment and a good computer system (Pentium IV) with printer and then purchase state of the art medical billing and accounting software, preferably one that also provides technical support services and some sort of training program, whether online, or on disk, or one-on-one. Ideally tech support and training services are unlimited and at no extra cost, and available 24/7 for the first 6 months after purchase. Such programs are available, but especially in the medical billing and transcription realm: it's buyers beware!!!

Start Up-Cost

On average, one can expect to pay around $5,000 for a reputable, reliable medical billing software and training program. Often, optional dental billing software is also available for an additional $1000, or so. In any case the software package should include 24/7 technical support and reasonable annual renewal fees. Another cost that might incur in association with a software program is a multiple user license and the right to franchise. It all depends on the program. For example, one such business opportunity package is provided by Claim Systems Inc., where a payment of around $1,600 pays for ownership of franchise rights. The benefits of this is that it will allow the medical billing business to advertise nationally and establish "branding" (name recognition).

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