• Home
  • Degrees
  • Schools
  • Ranking News
  • Financial Aid
  • About
    • Terms & Conditions
  • Contact Us

Outstanding Colleges

Find the Best College for you!

  • Home
  • Degrees
  • Schools
  • Ranking News
  • Financial Aid
  • About
    • Terms & Conditions
  • Contact Us

February 20, 2015

How much can I make doing medical billing from home?

Working out of home is tough at best, and without any proper guidance it can be a downright disaster. Many have complained about the inadequacy of compensation, while others find it challenging to be paid by their employers. To find a field where you can get good payments, without the hassle of juicing them out is not that difficult, if you know reliable sources, online or otherwise.

Medical billing is one of the most worthwhile jobs that one can do right from the comfort of home. Medical billers are categorically accountable of making sure that everyone is being made payable on the agreed upon terms. Medical Billing process involves effectively communicating with the patients or the health insurance companies, to ensure that all charges are paid timely and without any blunders.

But before you invest your money in some lucrative looking ad that promises unbelievable amounts of money for medical billing software, jobs or courses and diplomas, check out their authenticity, because many of these are indeed scams. Medical billing is not a field you can just jump into without any previous training or some prior employment experience. On the other hand if you have professional training for medical billing, it can be one of the most rewarding stay-at-home jobs.

A biller holds his responsibility to the patient as well as the physician tending to him or her, and the insurance company who is employed by the patient. Therefore it is a medical biller’s obligation to understand the coding language and the correct manner to interpret medical invoices.

Medical Billing and its associated professions are considered to be one of the most rapidly growing prospects in the health care industry. Insurance companies as well as the local governments are outlaying more time and expanses to research and control the claims' frauds, unjustifiable practices, and medical needs disputes. To warrant this need, insurance companies along with physicians, hospitals, dispensing chemists, and other healthcare suppliers are hiring more medical billers to settle the claims.

Medical billing is the perfect job for anyone who wants to have a balance of interacting with people via phone, while overseeing invoices and statistics, from their home office or living room.

Medical Billing as full time Job

According to Bureau of Labor Statistics, U.S. Department of Labor;

“As of May 2014 the median annual wage for medical records and health information technicians was $32,350. The lowest 10 percent earned less than $21,240, and the highest 10 percent earned more than $53,430.”

Medical billing as a full time job is a demanding but also a well-compensated job. If you are the owner of a medical billing business or service, the only way to get clients, is to go out and attract them yourself by demonstrating your skills and your reliability. You handle their medical claims for them and offer additional customer services to your clients. It is a time-consuming job that needs dedication, but it pays handsomely if done right. And it shouldn’t take too long before you are questioning yourself about why you didn’t enter this field sooner..

Many owners of billing services claim earnings ranging from as low as $20,000 to as high as $100,000, including the expanses. It also greatly depends upon how long their list of clients are.

Medical Billing as Part time Job

Medical Billing can also be taken on as a part time job. To start working from home, you need to be employed by a local billing practice or a clinic or hospital. After a predetermined amount of time you are then allowed to work from home to do medical billing and coding. The employers in these cases have a reliable network or telecommuter program already in place to steadily collect and distribute the finished allotted work. Most stay at home billers are trusted employees of their respective employers, be it a hospital, GP, chiropractic, massage and physical therapist, naturopathic doctor or acupuncturist.

As for how much one gets paid obviously depends on your employer as well as the amount of work being done. However, on average, the wage usually hovers around the $17 per hour mark. Again, these wages vary depending upon your experience level, the scale of your employer’s clients list, and the practice type. The most promising aspect of medical billing is as your work expertise and experience grows, so should your level of compensation. It is also important to note, that if you are unable to settle a claim, there is a chance you may not be compensated for your time and efforts.

In a nutshell, the medical billing from home business can pay handsomely well, but it requires you to either take the time to find your own clients and grow your own medical billing business, or once experienced, prove your reliability to your employer. And then you will have the opportunity to work part-time from home. In either case, you can expect to earn $20,000 to $45,000 annually doing this part-time.

Article by Kristy Feldman / Medical Billing & Coding / full time salary, medical billing from home, medical billing salary, part time salary Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Meet The Team

Kristy Feldman (Senior Editor)

Kristy studied economics at McGill University and then got her masters in Journalism from UC Berkley.Currently she is a freelance writer focusing on the college ranking and student loan industries.
Joe Kazan (Web Design & Marketing):

Joe is the man that makes the website run. He is also the face of the website with his natural interest in college rankings and student loans. He is the one who answers questions, comments and engages the community around OutstandingColleges.com
Prof. Mike King (Adviser / Contributor)

Mike is a retired college professor and administrator. He knows the admission and college ranking industry inside and out after 30 years in the industry.

Pages

  • Home
  • Degrees
  • Schools
  • Ranking News
  • Financial Aid
  • About
    • Terms & Conditions
  • Contact Us

RSS College Ranking News

  • How Many Universities Are in the US and Why That Number Is Changing | Best Colleges - U.S. News & World Report
  • So You Want to Offer an Income-Share Agreement? Here’s How 5 Colleges Are Doing It. - EdSurge
  • Economic Development Council chief says education drives strong Western Massachusetts economy (Outlook 2019 Viewpoint) - MassLive.com
  • CSUCI earns high marks for helping incoming community college students - Moorpark Acorn
  • How Many Universities Are in the US and Why That Number Is Changing - WTOP

Recent Posts

  • Rhodes College Overall Rankings – Profile and Data
  • University of North Carolina at Charlotte Tuition & Fees
  • The Difference Between PA and MD
  • The 5 Best Industries To Work In in 2018
  • Mercy College of Ohio: Tuition, Costs, and Financial Aid

Archive

  • July 2018
  • June 2018
  • May 2018
  • February 2018
  • January 2018
  • December 2017
  • October 2017
  • September 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • November 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014

Pages

  • About
  • Contact Us
  • Privacy Policy
  • School Listings
  • Sitemap
  • Terms & Conditions

Categories

  • Accounting
  • Best XRay Tech Schools
  • Business and MBA
  • Degrees
  • Financial Aid
  • Health & Medicine
  • Medical Billing & Coding
  • News
  • Nursing
  • Ophthalmology
  • Ranking News
  • Schools
  • Science & Engineering
  • Trades & Careers
  • Travel Agent

Copyright © 2019 · Education Pro Theme on Genesis Framework · WordPress · Log in