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
- 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
- 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
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
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!
Call us at 800-224-7450 or complete the Contact us