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STEPS YOU CAN TAKE TO PROTECT YOURSELF WHEN LOOKING FOR A MEDICAL BILLING OPPORTUNITY
Medical billing opportunities, medical billing software sales, and other medical billing websites, medical billing books, etc.. should all be evaluated. Take the following advice:
Here is an example of medical billing gone wrong: These medical billing individuals and two corporations, operating in Reno, Nevada, were cited by the Federal Trade Commission as part of "Project Housecall," have agreed to settle FTC charges. According to the terms of the settlement, each of the individual defendants must post a $200,000 performance bond before participating in the sale of any franchise or business venture. In its complaint, the FTC alleged that the defendants misrepresented, among other things, the earnings potential of their medical and dental billing business opportunity, and violated the FTC's Franchise Rule. In addition to the bond requirement, the defendants are prohibited from future violations of the Frachise Rule.
In December 1997, the FTC announced “Project Housecall” -- a federal/state mini-sweep to crack down on the bogus practices of medical billing business opportunity operators. The FTC filed its complaint in federal district court naming Steve Shelton, Lynne Shelton, Gary White, Leslie White, National Electronic Healthcare Corporation, and Electronic Healthcare Products, Inc. According to the FTC, the defendants sold billing center packages, consisting of the defendants’ software, training and other assistance to consumers who were supposed to start a business and earn substantial income by electronically processing insurance claims for doctor and dentist clients. The complaint alleged that the defendants misrepresented the earnings potential of their medical and dental billing center opportunities. They also violated the Franchise Rule by failing to provide prospective purchasers with a complete and accurate disclosure document or an earnings claim document.
- Be skeptical about earnings claims that sound too good to
be true. The "bait" on the "hook" of
a business opportunity scam is that a person with no
experience may be able to work only a few hours a week
and earn $50,000, $100,000 . . . or more . . . a year.
The truth is that making money almost always requires
hard work . . . and lots of it.
- Exercise caution when it comes to newspaper and magazine
ads that contain little more than glowing promises and an
"800" number. This is very likely a
"come-on" pitch to lure you into calling a
high-pressure telemarketing boiler room operation! Keep
in mind that just because an ad appears in a reputable
newspaper or magazine does not mean that the information
it contains is accurate or legitimate.
- Obtain and review the required disclosure document before
money changes hands. Keep in mind that business
opportunity and franchise promoters are required to
present you with a disclosure document before you sign a
contract or pay a fee. If this document is not made
readily available, beware!
- Make sure that the business opportunity has complied with
applicable state registration laws. Even if a business
opportunity promoter complies with the laws in your state
governing such deals, there is no guarantee that you will
make money. However, it is one easy way to screen out
bogus operators who are trying to "fly below
radar" in order to evade detection by regulators.
- Talk to current investors . . and watch out for
"singers." You should always take the time to
speak with several people who are current investors in
the business opportunity that you are considering. The
disclosure document must contain a list of the business
opportunity's current operators. But be on your guard! A
scheming promoter of a bogus business opportunity may
line up "singers" who provide phony
testimonials. You should visit their business sites, as
well.
- Research the business and the market. Make sure that you
have a clear grasp of how the business opportunity will
work and what demand (if any) there is likely to be in
your territory. Don't rely only on glowing promises from
telemarketers who claim that consumers are clamoring to
get your product. In one case where a business
opportunity claimed to have a "worst case" net
return of $1,220 a month, investigators found that the
investor who was doing the best only made about $200-$300
monthly.
Medical Billing Electronic Claims Processing
Find the latest information on medical billing electronic claims processing. ... Medical Billing Solutions, Electronic Claims Processing With over 30 years ofbined experience, Medical ... into the medical billing and electronic claims processing business. How do you ...
Medical Claims Processing Management from GTESS
Medical claims processing management from GTESS can help you reduce healthcare costs, improve service quality and focus on your core competencies. ... of outsourced solutions that streamline electronic claims processing. The company specializes in ... end services, from paper or electronic claims receipt and validation to data ...
The Consult, Inc. - Medical Billing and Consulting
The Consult, Inc. is the one-stop shop for all your medical billing and practice management needs. Our dedication to the health care industry allows us to provide top-notch services to thousands of physicians nationwide.
Quantum Health Automation - Electronic Claims Clearinghouse
QHA is an electronic claims clearinghouse for healthcare providers throughout the United States.
Electronic Claims Processing
Remember!!! The deadline to be Fully HIPAA Compliant is October 2003. . . Order your Terminal Today. Electronic Claims Processing ... What is HIPAA. Electronic Claims. Processing & Security ...
Claims Processing
... Claims Processing. Find Claims Processing Here ... Processing Electronic Claims Submission Can Be Found On This Site. Medisoft Processing Electronic Claims Submission ...
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ETactics Inc. Medical Claims Processing
... a secure electronic clearinghouse for Electronic Data Interchange (EDI ... HEALTHCARE CLAIMS (e-Claim(s) OR PAPER) ELECTRONIC DOCUMENT PRESENTATION. ELECTRONIC BILL PRESENTATION ...
Electronic Claims Processing
Electronic Claims Processing (ECP) Pro-Med Billing Solutions forwards claims electronically to insurance companies providing physicians with a solution to the paperwork disaster.
Electronic Claims Processing
Electronic Medical Claims Processing. HealthInfo Innovations has the knowledge, expertise and resources to process your claims. How Can We Help Your Office? Improve cash flow (by getting your reimbursement faster) ... help you determine what you are currently spending on claims processing. ...
Electronic Claims Processing - Your ultimate electronic claims processing resource.
... Electronic Claims Processing. Your ultimate electronic claims processing resource. ...
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Global Medical Billing Services, LLC
Electronic Claims Processing Facts
Learn about electronic claims processing from the experts with nearly two decades of billing experience and electronic claims filing. ... Electronic Claims Processing Facts. Learn more about Electronic Claims Processing and Medical Billing ...
electronic claims processing
... have come here because the world of electronic claims processing is rather large and confusing and you ... Searching the web for electronic claims processing is a tedious process and ...
NDC Electronic Claims Processing - Prescription Processing
DC Electronic Claims Processing and Perscription Processing is your one solution for all your health insurance claims and electronic prescription writing. ... government or commercial), and NDC Electronic Claims Processing ID. Choose which records ...
Medical Billing Solutions, Electronic Claims Processing
With over 30 years of combined experience, Medical Billing Solutions, Inc. provides nationwide full medical billing services to all physicians and allied health professional specialties.
Medical Billing Claims & DMERC & DME Electronic Medical Claims Processing.
Medical billing claims & DMERC & DME electronic medical claims processing. We serve orthotics & prosthetics or O&P groups & medical equipment suppliers with Medicare billing & Medicaid reimbursement. ... A Nationwide Electronic Medical Billing Service ...
NDC Electronic Claims Processing
NDC Electronic Claims Processing. NDC Electronic Claims Processing is your one solution for all your health insurance claims.
Electronic Medical Claims Processing
... SUB-CATEGORY: Electronic Medical Claims Processing. GENERAL INFORMATION: ... training assistance and all required materials to establish you in an electronic claims processing business. ...
Electronic Claims Processing
Our Electronic Claims Processor Rated "Best Of Breed" HIPAA regulations now require and Insurance Companies prefer electronic claims transmission because it reduces errors and speeds claim processing.
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