subject: Medical Claims Billing - Reasons To Make It Your Career Choice [print this page] Medical billing is becoming a popular career option. There are many reasons for this and we will take a look at it in this article. Medical billing is primarily a process of filing and claiming the bills of the health care professionals from insurance companies for the services rendered to the patients. In return, a billing company receives a a percentage of the bills paid by the insurance company or a fixed fees. Some billers may adopt a hybrid payment model where a fixed fee is charged per claim plus a small percentage of the collections.
Medical billing is a flexible job in the sense that it can be operated from home. Hence, there are huge potential savings on the fixed cost in terms of the rentals for an office location. This vocation is especially a major pull for homemakers or stay at home moms given that the initial funding required is nominal. What is needed is appropriate training to get very familiar with medical coding, billing system and healthcare insurance. Additionally, a desktop or laptop PC, a reliable medical coding and billing software and a database of prospective clients is all that you need to get started with your venture.
Knowledge is power. In order to make a name for yourself and garner business from the doctor's offices, you have to be thorough in different elements of medical billing and coding. There are many training organizations that provide classroom training. If you are pressed for time then the next best alternative is to signup for online courses. There are numerous such courses that provide the required certification to equip you well to become 'business ready'. The time spent in such course work is hardly 2-3 months. But there are some training institutes that impart a comprehensive and intensive education that can last for up to 2 years. Longer courses may give you an edge over your competitors.
Earning trust and goodwill of all stakeholders are the conditions for building a successful venture and medical billing is no different. You have to earn the admiration of the medical profession and the patients by providing reliable service. Help the patients in taking care of accounts and educate medical professionals on the complexities of insurance claims. This in return will bring on more clients by way of referrals.
The medical billing profession is not physically demanding and it also provides flexibility of time. It can be a blessing for folks that are physically challenged and can operate from the confines of their homes.
Stay at home moms and homemakers are also well suited to undertake this profession. They can add to the family income by gainful employment during their free time. They can set their own pace of work and time after completing the daily household chores. This field offers a number of of freelancing opportunities. Mothers, at their own convenience, can lower their work hours when their kids are at home due to vacations and they demand more time. Conversely, they can take up more billing work when they need to finance a big family expense like taking an exotic trip abroad or to purchase a next-generation TV set. To conclude, 'you are your own boss' if you are a medical billing professional.
