What is Medical Billing?
For those of you that may be unaware, medical billing is the process by which a doctor, physician, or hospital sends out all of the insurance information, payments and bills to a third party (medical billing service) to be analyzed and processed. In laymen terms this profession involves taking all of the billing statements from a doctor, sending them to the patient for collection, and if need be working with the insurance company to make sure that you receive the payment. Once the payment has been received from the insurance company or from the patient, it is the medical billing services company business to take a percentage and forward the rest of the money onward to the doctor. This is a volume-based business meaning that the more clients you have to do billing work for, the more money you will ultimately make.
Medical Billing and Coding Online Schools
In this modern era of technology, that we live in you can learn just about anything from an accredited online institution and the same rings true for the medical billing field. By simply searching the web, it is likely that you will find a plethora of information about online schools that will give you all of the tools necessary to make the plunge into the world of medical billing. If you are not fond of learning this type of information over the Internet you are still in luck, however it may be tough to track down any sort of academy that offers true learning in a classroom type setting. Odds are that you will be forced to go to some sort of evening community college courses and learn about medical billing coding and different things of that nature.
If you do manage to find an actual school, the odds are that you will be paying a lot more to attend the setting rather than if you sat in your pajamas and did the course work online so it may be something for you to think about (money spent vs. money earned in the short term.) In reality, you will learn the same information online as you would in a class setting, for a lower price, and in a faster period of time, but it is entirely up to you on how you think you will learn best.
Once you have acquired the knowledge necessary to start this type of business the hardest part comes in signing up clients. You may have some sleepless nights setting up presentations and then long days trying to sell yourself to a hospital or private physician but eventually you will be able to become the middle man and have the work done by employees while you sit on the beach and relax. No matter the route, it is important to at least get some form of education online or in person so that you are not messing up the work, which could be worth hundreds of thousands of dollars from the doctor's pocket.