Starting A Medical Billing Business
Start A Professional Medical Billing & Practice Management Consulting Service Now! The Right Opportunity At The Right Time!
It is a fact! The two industries that continue to outperform even under the current economic times are: IT & Healthcare services. Electronic Medical Billing combines them both!
WHY IT'S THE BUSINESS FOR YOU?
Outsourcing the billing and key practice management functions among healthcare providers is becoming a common practice. Healthcare providers are facing increased regulations and challenges in managing their practice to be financially healthy. They'll accomplish better results when outsourcing to billing companies to process their medical claims, patient statements, and posting payments electronically along with other office management-related functions. As a professional billing company, you’ll enjoy being in an industry with numerous advantages:
- Health care is a Booming Industry.
- Doctors are Increasingly Outsourcing.
- Interesting and Respected Career.
- Highly Profitable and Recession Proof.
- Affordable Startup Cost for New Business.
- Low Cost to Operate & Maintain.
- Work Day or Night with Flexible Hours.
- No Experience Necessary!
- Operate Locally or Remotely from Anywhere!
WHAT DRIVES DEMAND FOR THIS OPPORTUNITY?
- Billing process in doctor's office not streamlined and too slow, creating pressure on cash flow.
- Aging baby-boomers filing more claims. 10,000 people are turning 65 every day starting January 2011!
- Shortage of healthcare providers nationwide means busier clinics and more paperwork.
- Paper-intensive industry requiring more electronic process & benefits.
- Increased federal regulations pushing doctors spend more time attending to business than medicine.
- Increased pressures on doctors to automate patient-charting by using EMR systems means more complexity for office staff, more pressure and delays in attending to billing management.
WHAT FUNCTIONS DOES A BILLING SERVICE DO?
As a professional billing company, you get (or download) the patient transaction information from the healthcare provider's office and enter it into our state-of-the-art billing software which takes it through steps and edits. Claims get then submitted electronically to insurance companies for processing and payment. With ClaimTek's software, you can process patient statements electronically and post payments received electronically too! This saves you many hours of work per week! This revenue cycle automation process is way ahead of most system in the marketplace. Electronic medical billing dramatically reduces the error rate on claims that are filed and significantly decreases the turnaround time on insurance payments to providers. Errors cause cash flow problems for the healthcare provider. You will eliminate those problem for them. In addition, your service will do away with much of the paperwork generated by a doctor’s practice. On average, electronic claims take only ten days to get payment to the doctor. Manually filed claims, on the other hand, often take up to 70 days or more before payment is received. The reason is the inordinate amount of errors generated by manual processing at the doctor’s office. More time is also lost at the insurance company and in transit. Efficient processing reduces the rejection rate on claims from nearly 35% to less than 1 percent! So you can see why this is such an exciting and important business! Claims processed in the United States escalated to more than 10 billion at the turn of the 21st century and this figure has been steadily increasing.
ELECTRONIC CLAIMS GET PREFERENCE!
Because of errors and costs, Medicare, which sets the trend for medical insurance, says that electronic claims will receive preference over manual claims. Electronic medical billing is an important new industry that has begun a dramatic growth period. And you should be part of it! This is your chance to offer something that is genuinely needed. It is, in fact, simple to get potential clients to see the need for electronic medical billing services.
According to the AMA (American Medical Association), the average number of claims generated per doctor is 440 claims per month. Just imagine what that number can mean to you as an electronic medical billing professional!
HOW YOU GET THE BUSINESS:
ClaimTek provides you with professional marketing knowledge and tools that help assure your quick success. ClaimTek will train you and show you how to start an effective marketing campaign to sign up accounts. You’ll learn many effective ways to reach doctors. You contract with doctors to handle their billing & practice management needs using your computer. We show you how to get the business, how to process the claims and maintain new accounts. What more could you ask for? No other business offers you this much without charging you a huge entry fee! Your first step of starting a small medical billing from home business can quickly grow into a viable large-scale operation. You can charge on percentage of collections basis. It is estimated that one person, working full time, can process claims for four to five doctors.
WHY MOST HEALTHCARE PROVIDERS ARE CHALLENGED WITH MEDICAL BILLING & PRACTICE MANAGEMENT?
Some wonder why don’t doctors just buy the software and do it themselves. The answer is some do! But sooner than later, many will realize that it would be far more cost-effective and efficient to outsource. The billing operation in a clinic is more dependent on the human factor than software. Office staff often gets too busy to handle the billing in a timely manner. When the phone rings it often takes first priority. There are significant distractions in the clinics daily operations. Turnover among billing staff is known to be high. Additionally, software can get costly with constant training for new staff, annual support, updates, and upgrades. Other industry challenges affecting internal operations are:
- Time Constraints.
- Budget Constraints.
- High Staff Turnover.
- Strict Processing Guidelines and Increased Regulations.
- Doctors Not Trained for Business.
- Limited Exposure to the Benefits of Outsourcing.
YOU CAN OFFER ADDITIONAL PROFESSIONAL SERVICES...
Besides its renowned medical billing business opportunity, ClaimTek offers you the opportunity to generate even more revenue for your business by providing several cutting-edge services to your doctor clients. In addition to performing the billing functions, you can provide related services like electronic fund transfer "EFT", collection service, digital scanning of medical records, coding services, auditing services, transcription, patient assessment and several more lucrative services. Doctor’s will need you and your services more and more. You’ll build strong relationships with mutual benefits which mean solid client-retention and the establishment of viable long-term business.
AN EXCITING AND GROWING BUSINESS OPPORTUNITY
The medical billing business opportunity is, without a doubt, the growth industry of the 21st century! The market is wide-open and the cost of entry is low compared to other businesses. With ClaimTek, the setup fee is low when you see all you’ll get with our packages. You’ll have a business of your own that allows you to be the boss, set your own hours, set your own schedule, and earn as much as you want and need.
ClaimTek provides you with a professional system of learning, marketing and consulting that will help assure your quick success. We provide you with the technology to offer high-end solutions and sustain a dependable, reliable relationship with your clients. We show you how to get the business, how to process and manage the billing operation and maintain new accounts. There are no royalties even though we authorize you to use our registered software trademark MedOffice for recognition. What more could you ask for? No other business offers you this much without charging you a huge entry fee! Your first step of starting a small medical billing from home business can quickly grow into a viable large-scale operation.
THIS IS AN IMPORTANT INVESTMENT IN YOURSELF. YOU ARE BUYING A BUSINESS, A SECURITY FOR YOUR FUTURE.
Start your professional medical billing business with ClaimTek today!
Cash Required $20,000