Work at home as a medical biller
Many people ask me about working at home with my own business for medical bills. This is an area that is in high demand. As our population ages, more and more people are seeing doctors more regularly. Doctors are ordering more tests and diagnosing diseases earlier. This results in many medical bills being sent to insurance companies.
Commercial insurance companies, Medicare and Medicaid all have their own individual rules and guidelines for filing these insurance claims. In 2007, all medical providers were required to obtain an NPI number and provide it with every claim. Even the forms on which we submit the claims have changed this year.
Insurance carriers prefer to file claims electronically because it saves them money at the expense of employees. Many doctor’s offices don’t even have computers, so there’s no way for them to file their claims electronically.
In a field with so much change, billing insurance at the individual provider’s office becomes difficult. Not only does the biller need to keep up with their insurance claim billing and payment tracking work, but they now also need to keep up with changes and submit claims in accordance with the new rules. Doctors’ offices are very busy places, and often there just isn’t enough time to keep up with billing, which results in the more demanding tasks being pushed back.
Medical billing services take over this work for doctors, who can now focus their office staff’s efforts on other more pressing duties. This is often a huge relief for doctors.
A medical billing service is not distracted by all the other things going on in the doctor’s office and can focus its efforts on filing claims, accounting for payments, billing patients, and tracking claim status. Many services also offer other services such as authentication and consulting.
Typically, the cost of a provider billing service is more than covered by the increased revenue gained from better claims tracking. When follow-up is not done in an office, the doctor can count on losing at least 20% of his income because of claims that are “lost.”
You can provide an invaluable service to many doctors by starting a medical billing service. This is a field that is in high demand and requires a lot of attention to detail and can be a very lucrative business.
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