BUSINESS PEOPLE South Bend Tribune Evans serves on numerous community, academic and health-care-related boards and advisory committees. He serves on the boards of the American Hospital …

View full post on emedia healthcare – Google News

Popularity: 5% [?]

BUSINESS PEOPLE South Bend Tribune Evans serves on numerous community, academic and health-care-related boards and advisory committees. He serves on the boards of the American Hospital …

View full post on emedia healthcare – Google News

Popularity: unranked [?]

Home based medical transcription is one of the most well loved choices for a home business. Medical transcription provides flexibility, ease of training and the ability to be your own boss without the high cost of getting started. Medical transcriptionists quickly and accurately interpret through doctorâ??s dictation, the medical records of patients into medically and grammatically precise reports.

The interactions between the patient and his physician require transcription. Some of these include: Surgical procedures, Medical consultations, Diagnoses, Prognoses, Prescriptions, Radiological or other laboratory results, Dissemination of the patients â??medical historyâ?, Autopsy reports

Medical transcription involves picking up dictation via tape, voice file and digital system using foot pedal for â??start-stopâ? control, ear phones and a â??word processing programâ?. You can either choose to conduct medical transcription as an independent worker or an employee with benefits

Because the dictations involve many medical terminologies, you need to recognize, be familiar with and know medical procedure, terminology and anatomy. Likewise, English grammar and outstanding typing accuracy and speed are required, as well as keen listening ability and the patience to sit for hours through heavy concentration.

Medical Transcription Training
There are plenty of online courses available that provide these things. If you need more structure there are also classes you can take at universities and vocational schools as well as local colleges. The other drawback of a college course is that is typically costs a fantastic deal more than an online course because it is treated like tuition.

A â??certified medical transcriptionâ? title will be beneficial in demonstrating your expertise when looking for clients. â??Medical transcription programsâ? costs vary, averaging 3,000 dollars. You can start only to promote yourself being a â??certified medical transcriptionistâ? if you successfully have completed the examination on certification governed by the AAMT or â??American Association for Medical Transcriptionâ?.

Setting up the home office for Medical Transcription Business
Necessary equipments are a â??Dictaphone with foot pedalâ? or any other equivalent telephone devices to accept dictation, headset, PC with â??word processingâ? capability, medical dictionary and manual resources for pharmacology and anatomy, medical spellchecker as well as extensive abbreviation tool like Smartype or Instant Text.

Whereas majority of medical transcriptionists work at home alone, your healthcare industry provides networking opportunities and continuing education as well that might be worth checking. Many medical transcriptionists are charging per page while others charge per hour. If you can type quick, it will be beneficial to both you and your clients if you charge per hour. Whereas if your typing speed is on the average, you can charge per page.

Popularity: 1% [?]

The Most Truthful 20 Step Guide On Starting A Work From Home Medical Billing Career And Home Based Medical Billing Business. This $35, 108 Page Home Business Bible Has 2 Printable Contracts, Phone Script, Setup Checklist, Marketing Flyer’s And Much More.
Medical Billing Home Business Bible 2010.

Popularity: 1% [?]

Medical Billing as a “JOB-Working from home” Vs. “Business Ownership”

As someone who is very involved in the industry today, and follows all news and forums related to the medical billing industry, one constant question seems to continuously come up… “I have completed a course in medical billing and/or coding and I cannot seem to find a job.” Or I hear/see someone saying they have taken or want to take a course in medical billing and then work from home.  Let’s take a realistic look of the probability and job market of a position as a work at home employee for a medical practice.

In today’s economy the unemployment rate is soaring. Businesses in general are making cut-backs in staff, salaries and benefits. Healthcare providers have been feeling these economic crunches for years with cut-backs in Medicare, Medicaid and other insurance carriers. The healthcare crisis in the U.S has been a long-standing issue among providers for quite some time. What benefits will a physician see by hiring someone (as employee) to oversee their revenue and cash-flow? NONE. In fact it will cost the provider MORE and here is why:

Taxes – As an employer, the physician is still libel to pay both state and federal income tax Software/Business Supplies, Equipment – your employer (physician/provider) will be responsible for all equipment/supplies, such as computer, practice management software, internet connection, claim forms, coding books, postage, envelopes, phone lines and fax line. As your “Employer” he/she must legally own these supplies/equipment Liability & Accountability – When you go to work in an office there is a procedure in place, whether it’s punching a clock or just beginning your day at the place of your employment. Asking an employer to just “trust” that you will be there for the hours you are being paid for is asking for instant trust/faith. Add to that the liability that comes with the duties of a medical biller and patient privacy along with HIPAA rules and regulations and you have an employer who has now doubled his liability with someone NOT working within his office. In turn the employer (provider) needs to have additional insurance to protect themselves from errors & omissions. Continued education – This is an ever-changing industry with constant requirements for keeping up on both state and federal mandates in a highly regulated industry. As an employer, he/she would be responsible for such things as seminar attendance, continued education and certification up-keep, coding books, publications, etc.

Now, let’s take another approach and examine the benefits a provider/physician would see if they were to hire a “Third Party Billing Company”:

Everything above that was noted as being the reasons why a physician would NOT hire an employee to work from home…becomes MOOT.

As a business owner you would be responsible for all of the above items.

We cannot say there are NO work-at-home positions out there, because that wouldn’t be honest. But realistically the provider / physician who has an employee working from home MOST LIKELY:

Has a history and excellent standing with the employee Has extenuating circumstances behind the reasons for allowing the employee to work at home

The fact of the matter is that these circumstances are few and far between.

What’s in it for me if I did start my own business?

EXCELLENT Question, let’s now discuss the BENEFITS of being your OWN business, benefits that are not only for YOU as a business owner, but your “CLIENT” the healthcare provider by reducing his overhead costs, increasing his revenue, and at the same time MAKING YOU MONEY!

Make your own hours – This is probably one of the best perks to being in business for yourself. You can take on as many clients as you want in order to maintain the hours you want to work, what’s better is that you can arrange your schedule around another job, a leisure activity, or your family. Be your own Boss – Who wouldn’t want to be their own boss? Enough said on that top topic! Set your own Goals – Whether you want to supplement a spouse’s income or grow your business, you get to choose this. If your goal is to be a single business owner/operation you can plot to take only as many clients as you want. If you want to grow your business to make more free time for yourself you can do that as well. Make your own Salary – Another fantastic perk… you choose how much you want to make. You make your fees according to what you want to make and also keeping in mind your competitive market. Creative Freedom – I like this one. A medical billing clerk that works a 40 hour week usually does the same thing day in and day out. As a business owner you can be creative with your job description and the services your business will offer. To be competitive you can offer other services to healthcare providers that ultimately result in an increase in revenue for both YOURSELF and YOUR CLIENT! There are so many additional services a billing company can offer that will not only profit the healthcare provider but provide additional revenue and job stability to the business owner! Security/Stability – This perk will depend on YOU. If you make a goal and a excellent business plot for success and you maintain a excellent reputation with your clients, you will have security and along with security you will make the sense of accomplishment most successful business owners strive for. There will always be a need for doctors, people will always be sick and need medical care and with that you can build the success of your business around those securities.

To start your own business you need to first be committed, goal oriented, creative and yes there has to be start-up funds. The success of your business will be what you want out of it and what you place into it.

Now let’s be realistic. One thing I pride myself on is my honesty, pride, and integrity for this industry. It’s one of the reasons I wanted to write this MUCH needed article to hopefully shed some light on the truth behind some of those ad’s that advertise you can make money from home in your pj’s just as soon as you buy their package! Does that mean all business opportunity packages are terrible? No, not at all. A business opportunity can be exactly that… an “Opportunity” to be your own business and it can be profitable The key is to choose the right solution for you, and then going after your goal. Research is vital. Being realistic, and understanding how this business works FIRST is very vital and hopefully we have dispelled one of the largest misconceptions.

This is a fantastic time to start a medical billing company!

I don’t consider myself an expert on economic or political issues; but I have taken an extreme interest in today’s politics given the economic situation we are in.

In the past several months I have spoken with many providers who are feeling the crunch of the economy, many of them cannot afford to add staff and some are now considering outsourced solutions, we are seeing an economic trend like we did in the late 80′s and early 90′s when the home based business market was booming. Its different this time, our overall economy is in danger; the healthcare industry is a mess as it’s been for years, but yet… IT REALLY IS A FANTASTIC TIME TO BE A MEDICAL BILLING COMPANY!

By Linda Walker
Copyright 2009 All rights Reserved, article may not be reprinted w/out express written permission
to link to the article directly, use this URL: http://www.billerswebsite.comjobsvsbiz.htm

Popularity: 2% [?]

Medical transcriptionists swiftly and accurately interpret through doctor’s dictation, the medical records of patients into medically and grammatically precise reports.

The interactions between the patient and his physician require transcription. Some of these include:

Surgical procedures

Medical consultations

Diagnoses

Prognoses

Prescriptions

Radiological or other laboratory results

Dissemination of the patients’ medical history

Autopsy reports

Medical transcription involves picking up dictation via tape, voice file and digital system using foot pedal for start-stop control, ear phones and a word processing program.

You can either choose to conduct medical transcription as an independent worker or an employee with benefits

Requirements

Because the dictations involve many medical terminologies, you need to recognize, be familiar with and know medical procedure, terminology and anatomy.

Likewise, English grammar and outstanding typing accuracy and speed are required, as well as keen listening ability and the patience to sit for hours through heavy concentration.

Training

A certified medical transcription’ title will be beneficial in demonstrating your expertise when looking for clients.

You need to invest in your training, except if you had ‘on-the-job’ experience or healthcare background.

Medical transcription programs costs vary, averaging 3,000 dollars.

You can start only to promote yourself being a certified medical transcriptionist if you successfully have completed the examination on certification governed by the AAMT or ‘American Association for Medical Transcription’.

Once you have obtained the certification, fulfilling recertification requirements are necessary periodically to uphold this credential, by way of continuing education programs.

Medical transcription courses can be taken through these formats:

Community college course

Correspondence distance education

Vocational school

Internet learning courses

Setting up the home office

You will also be investing in your home equipment and place up a workspace.

Necessary equipments are a Dictaphone with foot pedal or any other equivalent telephone devices to accept dictation, headset, PC with word processing capability, medical dictionary and manual resources for pharmacology and anatomy, medical spellchecker as well as extensive abbreviation tool like Smartype or Instant Text.

Charging

Many medical transcriptionists are charging per page while others charge per hour. If you can type quick, it will be beneficial to both you and your clients if you charge per hour. Whereas if your typing speed is on the average, you can charge per page.

Medical transcription work

Whereas majority of medical transcriptionists work at home alone, your healthcare industry provides networking opportunities and continuing education as well that might be worth checking.

Thankfully, there is the Internet, where medical transcriptionists are able to offer their services from anywhere, download files, transcribe and submit to clients through it.

Popularity: 1% [?]