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Medical Billing: A Really Hot Work From Home Business, However Be Careful

By Jim Francis

If you’ve been searching for a proven field to start making a living at your home in your own business, consider the medical billing field. A recently available American Hospital Association study showed that about 18% of health-care billing and coding positions continue to be unfilled due to a insufficient competent individuals, while the US Bureau of Labor Statistics forecasts that medical coding and billing will continue to be among the prime fastest growing occupations for many years to come.?

Healthcare billing is the action of billing insurance companies or the federal government for services supplied by health-related providers (Doctors).? Medical billers are essential members of the healthcare office team; a well qualified professional medical biller can increase the overall earnings of a healthcare practice. ?

Health-care billing does not always necessitate the actual medical biller to physically work in a business office and it also has created a highly profitable field for anybody that desires to get trained for it.?

A reputable and well trained professional medical biller can make between $20,000 to $45,000 annually making it a great home-based business.? However, The Federal Trade Commission (FTC) has served legal actions against marketers of medical billing opportunities for misrepresenting the earnings possibilities of their businesses and for neglecting to present important pre-investment information mandatory by law.? So it pays to read everything.?

Additionally the Federal trade commission declares:?

Advertisements for medical billing online business offerings turn up on the web as well as in the classified sections of local classifieds and “giveaway” shopper’s guides. Within the “Help-Wanted” classified sections, the advertisements might turn up near to bonafide ads for hospital healthcare claims processors, leading individuals who answer believe they’re applying for employment, not purchasing a home business.?

The actual advertisements lure consumers with claims of significant income working at home full- or part-time – “absolutely no experience needed.” They will lead individuals to call a toll-free number for more information.?

Should you call, a sales rep will entice you to join by suggesting that the administration of health-related claims can be a profitable business enterprise, that medical doctors are eager for assistance with electronic claims processing, and you – even with no experience – can do this work from the comfort and ease of your home.?

Health-related billing scammers charge a rate of hundreds, or even thousands, of dollars. In trade, they claim to supply everything you supposedly need to kick off your own health-related billing small business: the software package program to process the actual claims and also a list of potential clients.?

However the reality is that few shoppers who purchase healthcare billing programs acquire customers or make any money, not to mention generate the guaranteed substantial income. Competitiveness within the medical billing market is intense, particularly for those who tend to be new to it. Numerous doctors’ practices process their own health-related claims. Medical professionals that contract out their medical billing often use well-known firms, not persons working at home.?

This is not to express that instruction, in a established company, for a job in medical billing or coding is actually bad, the contrary is the fact that it?s an excellent area.? As a home based business, that remains to be seen.? So be careful.?

One of the ways to start is to take a continuing ed class at your own local high school or college to see if it’s appropriate for you as well as to get a sense of what the local marketplace is like. This way you can do some research and training for a small amount of money just before you commit to anything more.

To find the hotest trends in work from home business or to get more home business information, please go to our popular site along with our make real money from home blog.

categories: home based business,work at home moms,wahm,medical billing

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Article Citation
MLA Style Citation:
Francis, Jim . "Medical Billing: A Really Hot Work From Home Business, However Be Careful." Medical Billing: A Really Hot Work From Home Business, However Be Careful. 10 Jul. 2010. uberarticles.com. 5 Aug 2014 <http://uberarticles.com/business/internet-and-online/medical-billing-a-really-hot-home-business-unfortunately-be-cautious/>.

APA Style Citation:
Francis, J (2010, July 10). Medical Billing: A Really Hot Work From Home Business, However Be Careful. Retrieved August 5, 2014, from http://uberarticles.com/business/internet-and-online/medical-billing-a-really-hot-home-business-unfortunately-be-cautious/

Chicago Style Citation:
Francis, Jim . "Medical Billing: A Really Hot Work From Home Business, However Be Careful" uberarticles.com. http://uberarticles.com/business/internet-and-online/medical-billing-a-really-hot-home-business-unfortunately-be-cautious/


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