Starting A Medical Billing Business
Key #1 - Invest In Yourself
● What's your business's most valuable asset? YOU!
● The d...
Key #1 - Invest In Yourself (Continued)
● Good training programs in Medical Billing and/or
Medical Coding are plentiful.
●...
Starting A Medical Billing Business
Key #2 - Have a Plan
● Write down your goals and how you plan to achieve.
● Keep goals...
Starting A Medical Billing Business
Key #3 - Network
● The most effective way to get started is to Network
with other peop...
Key #3 Continued - Network
● Seminars given by health insurance companies.
Great way to meet office managers and other bil...
Starting A Medical Billing Business
Key # 4 - Get Some Experience
● Recommend getting some experience in a
physician's off...
Key # 5 - Find A Niche
● Think of a way to stand out from the competition.
● Develop an expertise in an area of billing or...
Key # 5 Continued - Find A Niche
● Something in billing and coding you enjoy and have an
aptitude for.
● The current chang...
Starting A Medical Billing Business
Key # 6 - Promote Yourself
● Complement your networking efforts.
● May not come natura...
Key # 6 Continued - Promote Yourself
● Most people search for local services now online.
● Consider a website. It makes yo...
For more information and resources
about Starting a Medical Billing
Business visit:
www.all-things-medical-billing.com
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How to Start a Medical BIlling Business from Home

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Starting a medical billing business - Here are 6 important keys in getting started. Based on real world experience starting and operating a home based medical billing service.

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How to Start a Medical BIlling Business from Home

  1. 1. Starting A Medical Billing Business Key #1 - Invest In Yourself ● What's your business's most valuable asset? YOU! ● The difference between you and the competition is not what you have but what you know. ● “Education is the most powerful weapon which you can use to change the world” - Nelson Mandela What Training & Skills do you need? ● Billing & Coding ● Software Skills ● Communication Skills ● Ability to Organize & Manage www.all-things-medical-billing.com
  2. 2. Key #1 - Invest In Yourself (Continued) ● Good training programs in Medical Billing and/or Medical Coding are plentiful. ● Your local community or vocational college is a good place to start and offers some of the most affordable options. Also consider reputable online courses. ● Starting a business without a good educational foundation in billing and/or coding is tough. ● Consider Certification in Billing or Coding  AAPC  AHIMA www.all-things-medical-billing.com
  3. 3. Starting A Medical Billing Business Key #2 - Have a Plan ● Write down your goals and how you plan to achieve. ● Keep goals realistic. ● Who, What, When, & Where - Examples: o Get Associates Degree by December next year. o Get CBP in 6 months. o Raise $4000 for business startup in 3 months. o Attend 2 networking events each month. ● Can be small attainable goals. ● Your ultimate goal is to sign a client and get a reliable income. www.all-things-medical-billing.com
  4. 4. Starting A Medical Billing Business Key #3 - Network ● The most effective way to get started is to Network with other people. ● Networking can be with:  Friends & Family  Neighbors  Kids friends Parents  Former Co-Workers or Employers  Really Anybody! ● Best places to Network - go where the clients are:  Healthcare Industry Meetings/Seminars.  Professional Association Meetings. www.all-things-medical-billing.com
  5. 5. Key #3 Continued - Network ● Seminars given by health insurance companies. Great way to meet office managers and other billers & coders. ● Local chapters of AAPC or AHIMA. ● Social media - Facebook, Twitter, Pinterest, Instagram. ● Use every opportunity to share your story with anybody. It doesn't have to be an overbearing sales job - just a polite informal conversation and a mention about your business. You can really be surprised where it could lead. ● Visited medical offices handing, fliers, business cards, and favors. www.all-things-medical-billing.com
  6. 6. Starting A Medical Billing Business Key # 4 - Get Some Experience ● Recommend getting some experience in a physician's office or billing service. ● Potential clients want to know you are experienced and can get their claims paid. ● No course or classroom can prepare you like the real thing. ● Work through the everyday issues a billing specialist encounters - denials, appeals, insurance plans, Medicare, etc. www.all-things-medical-billing.com
  7. 7. Key # 5 - Find A Niche ● Think of a way to stand out from the competition. ● Develop an expertise in an area of billing or coding. ● Many office staff don't have the expertise in many areas and are willing to outsource. ● Can be an excellent opportunity for consulting in your niche. ● Example of possible niche:  Medical Specialty  HIPAA Compliance  Credentialing  ICD-10 Starting A Medical Billing Business www.all-things-medical-billing.com
  8. 8. Key # 5 Continued - Find A Niche ● Something in billing and coding you enjoy and have an aptitude for. ● The current changes in healthcare that affect billing are good areas to establish a niche or expertise. ● And I’ve found there’s a lot of confusion in many specialties of how to correctly code resulting in missed revenue for the provider. ● Make sure a niche or specialty has good demand. Don’t waste time on a specialty if there is no one around to use your services. www.all-things-medical-billing.com
  9. 9. Starting A Medical Billing Business Key # 6 - Promote Yourself ● Complement your networking efforts. ● May not come naturally but is easier with practice. ● Be prepared to sell your qualifications and experience and how you are a solution to the clients billing problem. ● Great opportunity because many clients are frustrated with current billing. ● Create a professional image. ● Website with nice bio of yourself, your expertise, and articles or info that demonstrate your expertise. ● Use services like Google Places or Bing Places to promote your business. www.all-things-medical-billing.com
  10. 10. Key # 6 Continued - Promote Yourself ● Most people search for local services now online. ● Consider a website. It makes you look professional and is a big first step to getting a phone call or email from them. ● Look for innovative ways to promote your business like free training seminars at the doctors office on issues such as HIPAA privacy, ICD-10 changes, or good office billing practices. ● Frequently leads to clients or consultant work and gets you known as an expert. ● Offer something free or a promotion. www.all-things-medical-billing.com
  11. 11. For more information and resources about Starting a Medical Billing Business visit: www.all-things-medical-billing.com

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