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Work at Home Idea: Start a Medical Claims Billing Business

As a medical claims biller, you can earn a good income managing claims for doctors and other health-care specialists. There's no special training or experience needed, and start-up costs are minimal. All you really need is a computer, a printer, a modem and claims processing software.

It's an ideal "starter" business because you decide its size and scope. You can specialize in certain fields--chiropractic, pediatric or dentistry, for example--and determine exactly how many health-care professionals you want to accept as clients.

In this guide, we'll help you create the medical-claims billing business that best suits your needs. You'll learn about the different ways you can specialize, the health organizations you'll be dealing with, terminology to help you get a head start, and the software that will make you a doctor's best friend.

This guide from Entrepreneur.com is necessary before diving into this home business venture.

Book Excerpt

This chapter explores the burgeoning field of medical billing, or medical claims processing, from passé paper claims to progressive—and profitable—computerized billing.

Think of this chapter as an investigative report—like those TV news magazine shows but without the commercials. We will explore the phenomenal growth of the medical billing field and the secrets of America’s health-care billing industry.

The Doctor’s Key

A medical billing service is the doctor’s key to getting paid. Despite the fact that the health-care industry is alive and well in America, most doctors and other health-care providers have no idea how to get themselves paid quickly and efficiently, if at all—either by insurers or by patients who are also waiting for that check to arrive in the mail. Private and government-administered insurance companies, HMOs, PPOs and a host of other mysteriously initialed plans have conspired to make physician reimbursements as elusive as the pot of gold at the end of the rainbow. Doctors, once the lords of the health-care world, are fast becoming the underdogs. Not to worry—the medical billing service is on hand to save the day. A billing expert can dramatically increase the doctor’s immediate revenue.

Through the miracle of cyberspace, the biller electronically transmits insurance claims directly to the insurance company, or, in other words, into the company’s check-generating computers.

Amazingly, however, while electronic claims processing is the method for getting providers paid, most providers are still stuck in the Snail Mail Age. This makes electronic billing a thriving field with room for growth.

Not A Small World .......

This guide from Entrepreneur.com is necessary before diving into this home business venture.