Skip to main content

Medical Billing



Medical billing is making a place for itself in the industries. These days, healthcare providers of all types are being overwhelmed by medical billing and claims work as well as inexperience at collecting insurance money. Their need becomes your demand. As an independent medical billing processor or consultant, you'll be relieving doctors, nurses, and other health workers of their biggest headache. You do this by reducing their overhead, eliminating the need for additional medical billing clerks and speeding up their payments on claims.

Need further proof?

Here are the facts:

Fact No. 1: The Agency for Heathcare Research and Quality (AHRQ) states that "the United States spends a larger share of its gross domestic product (GDP) on health care than any other major industrialized country. Expenditures for health care represent nearly one-seventh of the Nation's GDP, and they continue to be one of the fastest growing components of the Federal budget. There are over 35 million hospital stays in the United States every year and during most of these stays, multiple procedures are performed. Three of five patients in U.S. hospitals receive at least one procedure during their hospital stay. One in 5 receives three or more."

The Challenge: Based on this report of AHRQ, there is an obvious need for medical billing work. Doctors, nurses, and other health care providers don't need the additional headache of sorting through tons of paperwork. By offering your independent services, you'll not only be helping these stressed health care providers, but you'll also be helping yourself make some honest money.

Fact No. 2: According to Peter Jennings, ABC Evening News (1/8/2003), "$5,030 spent on each person in the US in 2001."

The Challenge: Medical billing is not only about providing assistance to doctors and other medical workers. Medical billing is also a service geared towards helping the recipient of health care services, assisting them during health insurance claims, a process that can be long and tedious work.

Fact No. 3: The most recent data available from the U.S. Census Bureau states that 28,000 companies providing billing services produce more than $6.2 billion a year in gross sales in 1997.

The Challenge: Why allow these big-time companies keep the whole pie when you can have a slice for yourself? Though it sounds tough, medical billing is actually not that hard. Sometimes even, you only have to work right from the comfort of your home when you engage in such. There are lots of self-help manuals and e-books to help you get started on medical billing. Why wait?

Popular posts from this blog

Medical Billing Careers

Medical billing careers are among the top contenders of the recent job explosion in the healthcare industry. In fact, the Bureau of Labor Statistics states that it is one of the top twenty occupations in healthcare. Medical billing careers are pivotal to the success of the medical practice. It is often referred to as the doctor's key to getting paid for the services he rendered. Medical billing careers encompass a wide scope and a broad range of responsibilities as it includes front office tasks, among others, in its list of things to do. Nature of Work Success in medical billing careers is not as easy as it is often made out to be by those ads you see in the classified section of the local newspaper or the Internet. Not everyone who enters into one end up rich. Competition is fierce and in the end, the competent ones are the only ones who survive. To achieve some measure of success in medical billing careers, you will need to know all the basic concepts related to the jo...
Read more

Medical Billing Jobs

Medical billing jobs are increasingly becoming one of the fastest growing careers in the employment market. It's not that medical billing jobs are easy because it's not. The job calls for complicated tasks that require a truly qualified and skilled professional to handle responsibly. Medical billing jobs are more accurately defined as practice management. It is a service based on trust. Unfortunately, the very nature of medical billing jobs make it susceptible to scams that not only mislead consumers to believe that they are going to make a good profit but also destroy the image that medical billing jobs have in the face of the public. Scams are abounding these days. That is why you, as a prospective employee looking for medical billing jobs, need to be more aware and attuned to the current trends in order to avoid getting fooled. What are the responsibilities? Medical billing jobs embrace a whole range of responsibilities. These include: * Read and review medical documentation...
Read more

Medical Insurance Billing Software

Medical insurance billing software has been helping medical practices manage their offices for decades now. In fact, the earliest medical insurance billing software, though somewhat primitive then, started appearing thirty years ago, give or take a few years. One can even say that medical insurance billing software is about as old as medical billing itself. The medical insurance billing software packages today are called medical practice management systems or MPM systems and they bear only the most basic resemblance to their older counterparts. These packages are often packed with features to make medical billing easier and simpler for the medical biller and coder. The uses of medical insurance billing software may vary depending according to the type of features the package contains. Some solutions may allow staffers to track patient demographics, visits, and diagnoses. Others may collect, transmit, and track billing information and insurance payments. Still others apply mor...
Read more