- Starting an at home medical billing service?
- How much to charge for my billing services?
- What medical billing software works best?
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Medical Billing Service FAQ
Getting free advice on how to start a Medical Billing Service is hard to get. Existing billing services have no incentive to share their trade secrets and Practice Management software companies only want to sell you their product! But we have the knowledge and information to give you so much more...
Q. What does a medical billing service do? A. In a nutshell, medical billing services are responsible for billing and collecting on medical claims while managing the A/R (Accounts Receivables).
Q. What services does a billing service offer? A. Medical billing services can offer a myriad of services for doctors including appointment scheduler software, EMR software, charge entry, scanning documentation for paperless options, coding claims, billing claims, checking outstanding claim status, appealing claims, collecting from insurance carriers or patients, sending patient statements, collection letters, Attorney Leins, completing Credentialing for doctors w/health insurance carriers, setting up Charge and Allowable Fee Schedules, offering front office phone call support, scheduling patients for the doctors, checking pre-eligibility status, Office Management Documentation, Policies Manual, website creation and more.
Q. Can a Medical Billing Service be ran out of a home office? A. In short Yes. It is recommended to use a ASP Practice Management software over server based PM software, scanner, fax, phone, high speed internet connection, high memory computer and monitors. This means your billing service can essentially work anywhere in the world with these tools.
Q. Do I need to be a biller to operate a Medical Billing Service? A. No, but we would highly recommend you hire on competent employees who have had years of experience in the medical billing industry to help you along your way.
Q. What are medical claims? A. Created and managed by the National Uniform Claim Committee a CMS-1500 form (in use as of April 1, 2007 formerly known as HCFA-1500) is completed to indicate the professional services rendered on a patient.
UB-04 forms (in use as of May 27, 2007 formerly known as UB92) are managed by the National Uniform Billing Committee and are for facility sevices like CORF, CAH, Hospital, Hospice, skilled nursing, Swing Bed Services, Critical Access Hospitals etc.
Q: Who do we bill the Medical Insurance Claims to? A. Claims can be billed to Health Insurance Carriers, Attorneys, Doctors, Facilities, Workers Compensation, Employers, Auto Insurance companies, and Responsible Parties.
Q. How many doctors do I need to bill before I make a profit? A. This number will, of course, vary depending on how much you want to make each month. We will show you how to operate a billing service with low overhead and without sacrificing qaulity.
Your future is created by what you do today, not tomorrow Robert Kiyosaki |