Medical Billing From Home
Does The Opportunity Of Providing Medical Billing From Home Interest You?
It is not wonder since currently it is estimated that 1 in 6 people in the United States are employed from their own home be it for an employer or as a home based business. With day to day advances in technology, and in particular the exponential growth and reliance on the internet, conducting virtually any business from home, especially in the service industry, has become not only viable, but economically feasible.
The healthcare industry is certainly no exception, and in fact a perfect fit. Within the medical field budgets are tight and the need for qualified medical billers has never been greater. This unusual circumstance has caused doctors, medical practices, clinics, hospitals, and other medical institutions to look at different ways of doing things, thus giving rise to, and creating opportunities for individuals wishing to provide medical billing from home.
Opportunities are readily available for those who want them, however, they have been a well kept secret. As a result, many job seekers have become confused at to what exactly is involved and how to go about finding these popular positions.
Prior to pursuing a medical billing from home career, it is vital to gain a thorough understanding of what the position entails, and whether the industry is positioned for long term growth and expansion, both of which will in turn will have a direct effect on your future success. First and foremost, the healthcare field, primarily due to the rapidly aging population, is growing at an unprecedented rate. As a result, demand for for services of all types is at an all time high and new job opportunities are being created each and every day.
Further, the medical industry is seeing a huge influx of new medical related advancements and procedures, causing doctors and medical facilities to rely heavily on the services of specialized medical billers more than ever. Funding for new employees is not growing at the same rate, therefore, forcing the medical community to outsource many services, thus giving rise to an abundance of medical billing from home opportunities.
A Word Of Caution!
Unfortunately great opportunity often breeds great opportunists. And within the medical billing and coding field fraudulent scams exist and they are quite prevalent. At the risk of using an overused expression, “If it looks to good to be true, then it probably is”.
Quite simply a handful of undesirables keep appearing and reappearing with the ultimate goal of taking your money and running. They generally set up a very slick and professional looking website with a common theme of a low all inclusive initial investment and very high returns. In order to legitimize the scam, it is not uncommon to provide a toll – free number where an eager individual can speak to a live person, who in actual fact is a slick salesperson looking for your credit card number. When you see these opportunities, run as fast as you can in the other direction – simple as that!
Think about it from a common sense standpoint. If a person could pay $300 – $500, receive industry specific software, a client list ready for your services, full training training program, and allow you to earn $50,000 – $60,000 per year, wouldn’t everyone be doing it? It is not possible.
If you are looking for a career in medical billing and operating from your own home, spend your money on a training course which will lead to a recognized certification, and ensure that the employer is a registered doctor, medical practice, or medical facility with a verifiable place of business.
The function of a medical biller working in a medical office or medical facility is the same as a medical biller conducting business from their home, with the exception that the home based medical biller does not have the luxury of immediate support in getting questions answered. As a result, some prior knowledge and experience is vital in order to perform the work in an efficient and effective manner.
In simple terms, medical billers assume the responsibility of administering the accounts receivables for the practice, medical professional, or organization from start to finish. In other words, the primary role of a biller is to ensure that the employer gets paid or reimbursed in a prompt manner. They are the ones who bill and collect professionals fees for any medical or healthcare treatment that has been performed for the patient. Therefore, they play a very important role in the overall operation of the healthcare system.
Once a doctor sees a patient, diagnoses a condition, and provides a treatment, they are entitled to get paid by the patient, their healthcare insurance provider, or a government agency. Here, the biller takes over by setting up the billing in the computer system, directing it to the appropriate party, posting payments, responding to outside information requests relating to a claim, following up on denied claims, communicating with patients or companies, and dealing with 3rd party collection agencies in the event that an account is deemed noncollectable.
As you can see there is a heavy load whether conducting medical billing from home or in an office setting. Additionally, there is a tremendous amount of responsibility as the billing function is essential to not only getting paid, but paid in a prompt and timely manner. It is advisable to gain some office experience prior to entertaining a home based position, however, after you do, you ca look forward to a long and rewarding career.