Home Business Medical Billing

If you are looking for a home based business that can help you earn between $ 20,000 and $ 45,000 a year using your computer, a work at home opportunity doing medical bills may seem like the perfect opportunity. But before you part with your money, consider the following: The Federal Trade Commission (FTC) has filed charges against promoters of medical billing opportunities for false statements about the potential profits of their businesses and for failing to provide key business information. -investment as required by law Upcoding Abuse.


Medical billing scams

Advertisements about medical billing business opportunities appear on the network (Internet), are published in the classified section of local newspapers and free brochures for buyers. In the classified section of "jobs offered” (Help-Wanted) , the ads may run next to other legitimate ads from hospital medical claims processors, leading consumers who respond to these ads to believe that they are applying for a job and not they are buying a business opportunity.

These advertisements attract consumers with promises of substantial income by working from home "part or full time - no experience required" and direct consumers to call a toll-free number for more information.

If you call, the sales representative will try to convince you to enroll or take the opportunity by telling you that medical bill claims processing is a lucrative business, that doctors are eager for help with electronic claims processing, and that you, even without having any experience, can do this work comfortably from home.

Scammers of medical billing businesses charge a fee of between $ 300 and $ 500, in exchange for this payment they claim that they provide everything that is supposedly needed for the launch of their medical billing business: the software program for the processing of claims and a list of potential clients.

The reality is that few consumers who purchase medical billing opportunities actually find clients or make money, much less produce the promised substantial income. Competition in the medical billing market is fierce, especially for those just starting out. Many medical offices process their own claims. Physicians who purchase medical billing services outside of their office often do so with established firms or companies, not individuals who work from home.

Promoters of fraudulent medical billing opportunities are also not interested in favoring consumers. They just want your money. Many times, the list of clients they provide comes from an outdated database of physicians who have not requested medical billing services. The software they ship may not work or may not be properly authorized and therefore unusable. Promises of "guarantees" of money back or refund are often not kept. Very few people, even after making repeated calls to the promoter or claiming from their credit card companies, government agencies and consumer groups, do receive a return on their investment.


How to protect yourself

To avoid wasting your money on a bogus medical billing business opportunity, the FTC advises you:

  • Ask the developer for a wide selection of names of previous buyers so that you can choose who to call for references. If the promoter gives you only one or two names, be cautious: these names are likely to be from people hired to give favorable testimony. It is best to interview each reference personally, preferably on the site where the business operates, to get a better idea of ​​how it operates. Ask for the names of their clients and a description of their operations.
  • Check with medical claims processing organizations or medical billing businesses and doctors in the community in which you reside. Ask them about the topic and the medical billing industry. What needs to cover exist or what demand is there in this type of work? How much work does medical billing involve? What type of training is required? Do they know anything about the promotion you are interested in or the promoter of it?
  • Check with your state Attorney General's office, your local consumer protection agency, and the Better Business Bureau in your area and where the company is located to find out about unresolved complaints regarding the business opportunity or the promoter of it. While the existence of complaints may alert you to potential problems, the lack of complaints does not necessarily mean that the company is legitimate or complies with legal standards. Some unscrupulous companies may resolve consumer complaints before they are registered with the BBB, change their name or move to avoid detection.
  • If the medical billing business opportunity is sold to you using another company's software, check with the other company to find out if the firm's representatives are aware of a problem with the medical billing promoter.
  • Consult an attorney, accountant, or other business advisor before signing an agreement or making an advance payment. An attorney can review the developer's contract and advise you on the best way to proceed.