Tuesday, July 3, 2012

Start a Business in Medical Billing and Coding


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With a medical billing service you work for physicians and obtain payments for Insurance companies and patients by handling all the insurance claims.

The Medical business has grown a quit a bit over the last few years and it is a business that can be operated from home even if you just want it part time. Even with some bigger and well established companies in place there is lots of room for a small home based business.

-What services does a medical billing business provide?

-They handle all the billing inquiries for the patient

-Handle all the reports to the doctors

-Entering information on the patient

-Preparing claims to the insurance companies

-Follow up on all unpaid claims

-Posting payments

There are a few Skills required that only can get obtained through schools or online training classes. If you are thinking about being in the medical billing field you need to sign up for some medical coding and billing classes, either in one of your local collages or online. Some schools can get costly so you want to do your research on what your best options are.

Make sure the school offers the following aspects of medical billing.

-Medical Terminology

-Basic Claims process

-Using the common insurance forms

-Introduction to the diagnostic coding systems

-Become familiar with the medical computer software's

-Understanding Medicare

-CPT (Introduction, Guidelines and Evaluation and Management in special fields like Surgery, Laboratory and Radiology.

It is highly recommended to work in a doctors office first to get some knowledge, nobody will outsource to you knowing you have no experience or skills in the field, they have to trust you first and feel confident that you can handle their billing. That is why it is very important to have good references that you can only get by working for someone first.

The Medical billing has great potential to make you good money, just don't expect it to happened over night this is a business you have to work hard and be patient and persistent.

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