What is a Home Based Medical Billing Business.
Thinking about starting your own home based medical billing business?
This year Sunrise Service is celebrating its 17th year of providing expert assistance with Practice Management Software for all of your medical billing needs. Over these last 17 years we have helped hundreds of Medical Billing Services get started because of our expertise and knowledge in this field. As well as selling software, we also own a successful billing service. We have paid the price, made all of the mistakes, and are ready to help your business avoid the ‘new business pitfalls’. At Sunrise Services we want you to be our customer for life. We do not sell business opportunities but have the tools, knowledge and expertise to help you make a good decision.
There are so many scams on the market today for folks starting a new business.
Remember, if an offer sounds too good to be true, then it probably is. Do your homework and know who you are dealing with before you spend your hard earned money. Remember, giving birth to a new business is painful, but the rewards are great!
Give us a call today and let the professionals at Sunrise Services help you make the transition into owning your new business. We have experts ready to assist you in every step of the process of becoming a successful billing entrepreneur. Remember, there two main tools you will need to be successful – knowledge and money. Most people have one or the other but very few people have both.
A medical billing service helps physicians obtain payment from insurance carriers and patients by handling insurance claims, and provides information to help physicians to more effectively manage their practice.
The trends in health care payments over the past few years have forced physicians to be more concerned with billing and accounts receivable than ever before. While insurance carriers pressure physicians to accept lower fees for their services, government has redefined rules for public health plans and patients have fewer financial resources with which to pay for their health care.
Billing services can help physicians manage these challenges by providing services that speed payments, reduce claim rejections, and collect more of the money owed by patients.
Types of Services Offered
Billing services typically fall into two categories: those that provide claims-only services, and those that combine claims service with practice management services.
Insurance claims may be printed on the standard HCFA-1500 form, or claims may be submitted electronically with a common modem and telephone line or over a secure internet connection. Both paper and electronic claims offer an opportunity to billing services. Paper claims are satisfactory for many practices, and the trend continues toward electronic claims. Electronic claims are popular because payment time and costs are reduced and in some cases mandated by HIPPA for health care providers and insurance carriers.
Fees for Service
Physicians have traditionally compensated billing services on a per-claim or percentage basis. Fees vary based upon the depth of service provided. Simple claim filing services charge around 4% of the claim, while services that handle claims, provide practice management reports, and work with insurance carriers and patients to recover more of the physician's fees are compensated at a higher rate.
Profile of a Billing Service Owner
Entrepreneurs with backgrounds in many different professions are finding success in billing service businesses. Since a billing service can be home-based and started gradually, it's ideal for people changing professions, whether voluntarily or forced by a change in their company's work force. Owners state their reason for starting their business as a desire for independence, increased earning ability, or freedom from the whims of Corporate America.
Why Choose Sunrise Products to Start your Business?
The developers of Medisoft and AltaPoint software and associated billing service products are experts in healthcare billing. Medisoft and AltaPoint systems have been purchased by thousands of health care practices and billing services, assuring that you'll get software that works and continues to work. Sunrise billing service products save you time, money and frustration. You deal with one vendor for all of your software, training, support and electronic billing needs.