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Become a Medical Billing Specialist
Money Magazine featured the Medical Claims Processing
profession in their March 1996 cover story "Get Rich
Working at Home."
Entrepreneur Magazine featured Medical Claims Processing
in their "Prescription for Success" article in the June
1998 issue of "Business Start-Ups" magazine and described
it as "a fast growing industry for entrepreneurs".
Why do these reputable magazines keep talking about Medical Claims Processing. Because an estimated 4 BILLION health care insurance claims are filed every year! Nearly 11 MILLION claims per day! It's estimated that more than 50% of all doctors still file their claims on paper. There is a huge opportunity for you to create a new business filing medical claims electronically for these doctors.
Create a career as a Medical Billing Specialist. Send electronic medical claims directly to the HCFA and other medical insurance payers. Save doctors thousands of dollars and collect a percentage for your services. An easy business for beginners; you can get started right away. Our software walks you through new claims page by page. Five simple steps and your done. Much of the data is completed for you each time you create a new transaction. Simple transactions can be entered in just a few minutes.
Doctors will be interested in using your service because they will be paid more quickly than with traditional paper claims, while reducing their processing costs. They save money and get paid faster. What could be better? What if they also had less claims returned for inaccuracies? They will, with your medical claims service.
The Health Care Financing Administration (HCFA) administrates all Medicare claims. HCFA Program Memorandum 92-5 states that Medicare claims submitted on paper MUST be held until at least the 27th day after receipt before processing and that all claims submitted electronically will be paid in less than 14 days!
Why does the HCFA have such an odd requirement? The HCFA penalizes paper claims because they do not want to receive them. Insurance companies have the same attitude. In The American Chiropractor (March/April 1993) it was reported to cost insurance carriers between $7.50 and $20.00 to process a paper claim. The estimated cost of processing a claim electronically is only $1.10. It's not hard to see why the pressure is on to make doctors switch to electronic claims. Soon some insurers and the HCFA may no longer accept paper claims. Your new business can come to the rescue by helping doctors process claims electronically.
Electronic processing can greatly decrease a doctor's per claim costs and reduce total processing time. Medical offices using your service will save time and money and see an improvement in cash flow.
Purchase our complete software package and get started as a medical billing specialist today. We include everything you need to begin processing claims. Click here to see what's included.
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