When we are asked about starting a medical billing business, the first two questions typically are: How easy is starting a medical billing business from home? and Can we do medical billing work from home part time? The short answers are: It’s certainly doable–but not easy, and Part time can work in specific instances but….(see more below).
David and Amy, two of our partners here at Everything Medical Billing started their successful home business over 21 years ago after a bit of trial and error. Their experiences have led us to create this website to share not only their success story, but to help you avoid some of the same pitfalls they encountered along the way.
Would they do it all again? Absolutely. But was it an easy, linear path to success? Not by a long-shot. Read through our pages to see what worked–and didn’t–for David and Amy and how you can intelligently gather the information you need to see what will work for you.
Starting a medical billing business performing medical billing work from home requires many different areas of competence. One of the key questions is: How will you get the experience needed for starting a medical billing business that turns a profit in a reasonable amount of time? David and Amy took a somewhat unconventional path….
People come from various backgrounds and look into starting a medical billing business for a number of reasons. We have tailored our information to fit some of those specific situations as follows:
You’ll need to explore the many facets of starting a medical billing business; we have compiled a list of topics to assist you in getting your home business up and running:
Experience! You need it for starting a medical billing business, and if you don’t have it, you’ll need to get it ASAP, without going broke in the process. David and Amy had zero experience when they were planning to start their medical billing home business, and although the training they chose ultimately worked for them, David says they probably would not choose that method again.
There are a lot of ways to learn medical billing, from attending a medical billing school to taking billing classes online from home. While these courses could be a good option,they are not cheap.
Get more detail under our section titled Billing Medical Training including our best ideas for getting your training free… David and Amy did not choose a free method….but they wish they had thought to try some of these ideas before starting their business!
The second most important decision you will need to make when starting a medical billing home business is: What medical insurance billing software package should you invest in? Hundreds of PC and web based software programs are available to choose from. They vary in price from several hundred to tens of thousands of dollars, so it is imperative that you pick the billing software that best meets your needs at the best possible price.
Under our section titled Medical Billing Software, we will guide you through the maze of medical billing programs.The biggest challenge you are going to face in this area for your medical billing home business is whether to choose web based or PC based software. We will cover the pros and cons of both options as well as the medical billing software companies offering these services.
Learn more about Medical Billing Software
Let’s face it. If you can’t get the doctors, you don’t have a business. When you are just starting a medical billing business, marketing to doctors is challenging. The popular belief is that all doctors are rich, so everybody is trying to sell them something. On any given day, a typical doctors office will receive sales calls from stock brokers, pharmaceutical reps, real estate agents, office supply stores, charitable organizations, and yes, even medical billing service companies.
We’ll share David and Amy’s rather challenging journey to getting their first doctor: what worked for them and what definitely didn’t….they had a few close calls, but it took a while to actually get a doctor to sign on.
Because of the high number of incoming sales calls, the staff at the physicians offices are well known to be some of the toughest “gate keepers” in the business world. Your job will be to find a unique way to stand out and get a chance to present your case for why they should hire you.
Find out more about how best to Market your business
Medical billing contracts can be very confusing and often are not given the serious attention they deserve. Read more to gain a basic understanding of what should included in a well written service agreement as you are starting a medical billing business.
More Medical Billing Contract Information
Choosing between the many different medical billing clearinghouse and pricing options can be challenging. Unfortunately, your choices might be limited by the software you select since many medical billing software vendors limit you to just one or two sub par clearinghouses.
Since you are just starting a medical billing business, you may be able to choose software with the clearing house in mind before you buy. Be sure to consider the strength of the clearinghouse options associated with the software you are considering to purchase for your medical billing home business.
Learn more about how to select the best clearinghouse…
Starting your own business means you MUST appear professional in every area, and one of the first impressions people will get is when they call you. Installing a professional sounding phone system used to be a very costly proposition; fortunately, with recent advances in technology, it is possible to not only have a professional sounding phone system, but many additional “bells and whistles” for a very reasonable price.
One of the most exciting benefits is that you have a chance to get a local phone number in the city in which you’d most like to have a presence, without actually locating your business there. Learn more about one of the best services we have found:
Grasshopper virtual phone system
How will doctors find you? Unlike several years ago, having a web presence is no longer a luxury, it is expected. While there are hundreds of website design and hosting services to choose from , we only feel comfortable sharing the company we feel is the best and that we use ourselves.See more information about creating you website for your medical billing work from home on our Website Development and Design page….
A business plan supplies you with a blueprint for success with starting your new business. Writing a business plan forces you to take a closer look at your medical billing opportunity and explore exactly how you plan to achieve everything from getting your first client through when you expect to make a profit. Get started on your billing home business plan.
The medical billing field changes so rapidly that you can quickly get left behind as an employee or billing service owner. We’ve tried to bring together the most relevant information for the beginner as well as the most experienced medical claims processing professional.We offer a wide selection of topics covering all areas of medical billing with the convenience of not having to search dozens of sites to find the books you need. More about books and training…..
You’ve finally picked the best software, finished your training, landed your first doctor (who has already referred you to two other doctors). Then it happens: your brand new, top of the line, computer crashes. Amidst that sickening feeling in the pit of your stomach, you think to yourself, I sure hope I remembered to back up the computer last night. I also wonder if I picked the best data backup solutions? You have a wide array of options to protect your information including the increasingly popular online options….
Keeping expenses low is imperative, whether you own a medical billing service or are running a medical practice. At Everything Medical Billing we strive to find the best selection of medical office products at the lowest possible rates.We recommend you check back often since this section is continuously updated as we find new products and negotiate special deals and savings for our readers.
Save money on all of your medical office supplies…..
