Sunday, June 28, 2009

Medical Billing: What to look out for

The market is filled with scams. There are advertisements, infomercials, websites, and courses all promising you the ability to not only find work, but make a ton of money in the process. These scams do one thing: they don't provide you with any value. There is no useful information enabling you to build you knowledge of the medical billing industry and how to be successful in it. My driving goal behind this blog is to teach what these scams look like and guide you to reputable medical billing and coding training courses, placement agents, software, and guides to being successful in the industry.

There are certain requirements you need in order to work in this field: special medical billing software, a personal computer, and substantial knowledge of medical billing and coding. The major investment in medical bill review is the billing software. If you decide to work for yourself, you will need this software in order to process medical claims for your clients. This software can be anywhere from $2,000 plus. As you take classes, you will learn what software is great (CompIQ is probably the best right now) to use for your work.

External Resources:
Medical Coding Overview
How to avoid medical billing scammers

Different paths you can take after graduation

The big question many new medical billing professionals want to know is how do they find their first job. So where do you look first? You will want to check out job placement websites focused on health care professionals or even craigslist. There will be a large number of professionals competing for these jobs, so you want be persistent and follow-up on all of your applications.

If you plan on going the independent route, the first place you want to contact are doctors' offices. Ask them how they are currently handling their medical billing work, how they like their current provider, and what improvements they would like to see. Based on their response, you can craft your pitch for their business and have a good chance of getting it.

You definitely want to try to get some commitments first before you buy the billing software. The software is very expensive, so it is in your best interest to get some commitments before spending your hard earned cash.

External Resources:
Quick Guide to Finding a Job
Argh! I have my diploma, help me find a job.