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davidtrump

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  1. Every day, thousands of intelligent Americans respond to work at home medical billing jobs or medical billing jobs from home ads because: Let's face it, the present economy is making the average person look for ways to supplement or create new revenue streams to help them get through this crisis. The work-at-home industry over the last few years has opened up several avenues for people to make a few extra dollars (for some thousands) per month and who can turn down work at home medical billing jobs when they say you can earn $40K within your first year? Now let's put logic to work here for a minute. A medical billing job is when you are hired by an employer to do the many functions of medical billing for a set amount of time, for a set amount of money and the work is done within the confines of the employer's office. If that employer has a telecommuter program in place, then once you prove yourself trustworthy enough in the office (usually within 6 months to a year), they may allow you to work at home doing medical billing work instead of going to the office. That is the only, I repeat ONLY way you are going to get a work at home medical billing job. Those ads for work at home medical billing jobs that you see in the papers and on the Internet are called “opportunities” and almost all of them are misleading because they make it sound like you will be working for them doing medical billing from home as a job. The truth is that these vendors are in the business of selling you the home-based medical billing business model, a few of the things you will need to run the business, a useless list of physicians that they claim are in dire need of your services, and, if you are lucky, they may provide you with some medical billing education so you feel you understand what you are doing. Now once again, let's put logic to work. Has anyone you have ever worked for asked you to purchase their business model before you are considered an employee? The only reason you would need to implement a business model is if you are starting your own business, so why would anyone think that what they are getting into is a work at home medical billing job if, in fact, they end up being the owner of the business? One thing that needs to be made clear is that there are several medical billing opportunity vendors out there that have and continue to support those that want to start their own home-based medical billing businesses, but they don't make it sound like they are offering you a work at home medical billing job. If you take heed to the above then you will not fall victim to misleading ads for work at home medical billing jobs, nor to the companies that spend millions to make sure that they keep their sales funnels full of unsuspecting, unknowledgeable and desperate-for-a-change individuals. Unfortunately, these very people are the most susceptible to falling for work at home scams. The medical billing from home industry is made up of those people that took the time to start, open, find their own clients and operate their own business without utilizing the traditional brick and mortar facade. Or, they are experienced medical billers and coders who have proven themselves to their employers and have been allowed to work from home. That's it, in a nutshell.
  2. Medical Billing as a Work at Home Job Medical billing professionals are usually able to work independently from home since medical billing software can easily facilitate electronic billing of patients, health insurers and government health agencies like Medicaid and Medicare from through their home computers. However, most of these opportunities are for experienced medical billing professionals only. Medical Billing as a Home Business A medical billing or medical coding home business could have good potential for success and have been growing in popularity. One of the reasons for this growth is the wide availability of online training in medical billing and medical billing software, as well as the increased need to transfer medical records into digital form. Like any home business, starting a medical billing and coding home business is much easier if you already have some medical billing experience to your credit and you've received full training before you decide to go it alone. Additionally, you'll have gained some contacts during your medical billing employment that will help in establishing your customer base. Other things you need for a medical billing or home business include: A business license. Check with your local Chamber of Commerce and with your state officials about licensing requirements. A computer, printer, and fax, as well as accounting and billing software and fast Internet connection Medical billing and coding software, which ranges between $500 and several thousand dollars. Much of it should be geared toward processing HCFA 1500s, the standard claim form used by health plans. Medical billing and coding reference books. The recommended ones are the ICD-10, CPT and HCPCS Expert 2000, plus the CDT-3 for dentists. Marketing Your Medical Billing Home Business Like any service-based home business, getting your first clients may be your biggest challenge. If you're coming from a medical billing background, you can ask your former employer to be a client or network with the people you know in the industry to find work. Visiting or calling local doctor's offices, clinics, and hospitals can be another way to find work. Don't forget that many mental health professionals also need billing and coding services. Medical Billing Clearinghouses An electronic medical billing clearinghouse acts as a middleman that takes electronic medical claims information and then submits it electronically to insurance companies the medical billing clearinghouse contracts with. Many who run medical billing businesses, however, fail to take advantage of this time saver in their medical billing and coding practices.
  3. The need for medical records and health technicians, such as medical billing and coding jobs, is expected to grow 15% from 2014 to 2024, according to the Bureau of Labor Statistics, making it a viable home business option. Medical records specialist earn a median pay of $35,900 per year, which isn't bad for a profession that requires little education or training. Medical billing and coding lends itself well to working at home, and many in the medical billing profession have been able to do just that, either by setting up a home business and working for themselves with independent physicians as their clients, or by working from home in medical billing jobs with larger healthcare firms that make and track medical billing work assignments electronically. Medical billing and coding professionals may also be hired by insurance companies, pharmacies, and related companies and even the government for their expertise. Pros of Medical Billing and Coding Can be done from home as a business or a telecommuting job. Healthcare is a trillion-dollar industry that is always in need. Help with billing and coding continues to grow as health facilities and workers move toward electronic billing and filing. Doctors are happy to outsource medical billing to free them up to do what they do best, provide services. Cons of Medical Billing and Coding It can be difficult to break into the industry as most medical and health facilities have a source for their medical billing and record keeping. Most sources of work will want you to be certified as a medical biller and/or coder. There is medical billing job and certification scams you need to watch out for. Required Skills for Medical Billing and Coding Currently, there are no set educational standards for the medical billing profession. Many employers who offer work at home medical billing jobs look for some level of formal medical billing and coding training through an accredited vocational or career training school, along with actual experience in a medical billing office. Formal accredited programs may take from as little as nine months to as long as two years or more and may also offer assistance with career placement. Educational Requirements for Medical Billing and Coding Professionals Medical billing requires a fairly strong knowledge of medical terminology, anatomy, knowledge of how to properly complete various forms, and industry coding for medical procedures. If you don't have that type of experience, you can take a course and get certified as a medical biller and coder. You just need to be sure you choose a reputable program. Medical billing expert, Paul G. Hackett says that "Almost 80% of people end up choosing the wrong types of online medical billing courses." He also advises that there are only seven medical billing training subjects you should look for before enrolling in any medical billing training program. He calls these his medical billing "essentials" that every medical billing training program should have. In addition to knowing what to look for when you're researching medical billing and coding training programs, you also need to know what to avoid. Medical billing training expert, Paul G. Hackett believes that by learning what you need to avoid before signing up for a medical billing program is easier to remember that knowing what to look for when you are shopping for an online medical billing study program. Unfortunately, because of the growing popularity of medical billing home businesses and because it logically makes sense that a medical billing career might be one with strong opportunities to work from home, the industry is loaded with scams like "You Can Earn $50,000+ Processing Medical Claims From Home. No experience necessary!" Scams also abound to try to get you to purchase training, software, marketing materials, and lists of doctors. Additionally, some medical billing software scams try to sweeten their offers with discounted clearinghouse services if you buy medical billing software from them. Any of these scams can cause you to part with your hard earned money and waste your time getting established in the medical billing and coding profession. Other needed skills include a strong level of computer skills and a typing speed of at least 35 words-per-minute, as well as good customer service skills to deal with patients who may be under stress, physician and hospital billing staff, and other medical personnel.
  4. Medical billing services In many cases, particularly as a practice grows, providers outsource their medical billing to a third party known as medical billing companies who provide medical billing services. One goal of these entities is to reduce the amount of paperwork for a medical staff and to increase efficiency, providing the practice with the ability to grow. The billing services that can be outsourced include: regular invoicing, insurance verification, collections assistance, referral coordination and reimbursement tracking. Healthcare billing outsourcing has gained popularity because it has shown a potential to reduce costs and to allow physicians to address all of the challenges they face daily without having to deal with the daily administrative tasks that consume time. Medical billing regulations are complex and often change. Keeping your staff up to date with the latest billing rules can be difficult and time-consuming, which often leads to errors. Another main objective for a medical billing service is to use its expertise and coding knowledge to maximize insurance payments. It is the responsibility of the medical billing service you choose to ensure that the billing process is completed in a way that will maximize payments and reduce denials Payment posting important part of the medical billing. Practices have achieved significant cost savings through Group purchasing organizations (GPO), improving their bottom line by 5% to 10%.
  5. Payment In order to be clear on the payment of a medical billing claim, the health care provider or medical biller must have complete knowledge of different insurance plans that insurance companies are offering, and the laws and regulations that preside over them. Large insurance companies can have up to 15 different plans contracted with one provider. When providers agree to accept an insurance company's plan, the contractual agreement includes many details including fee schedules which dictate what the insurance company will pay the provider for covered procedures and other rules such as timely filing guidelines. Providers typically charge more for services than what has been negotiated by the physician and the insurance company, so the expected payment from the insurance company for services is reduced. The amount that is paid by the insurance is known as an allowable amount. For example, although a psychiatrist may charge $80.00 for a medication management session, the insurance may only allow $50.00, and so a $30.00 reduction (known as a "provider write off" or "contractual adjustment") would be assessed. After payment has been made, a provider will typically receive an Explanation of Benefits (EOB) or Electronic Remittance Advice (ERA) along with the payment from the insurance company that outlines these transactions. The insurance payment is further reduced if the patient has a copay, deductible, or a coinsurance. If the patient in the previous example had a $5.00 copay, the physician would be paid $45.00 by the insurance company. The physician is then responsible for collecting the out-of-pocket expense from the patient. If the patient had a $500.00 deductible, the contracted amount of $50.00 would not be paid by the insurance company. Instead, this amount would be the patient's responsibility to pay, and subsequent charges would also be the patient's responsibility, until his expenses totaled $500.00. At that point, the deductible is met, and the insurance would issue payment for future services. A coinsurance is a percentage of the allowed amount that the patient must pay. It is most often applied to surgical and/or diagnostic procedures. Using the above example, a coinsurance of 20% would have the patient owing $10.00 and the insurance company owing $40.00. Steps have been taken in recent years to make the billing process clearer for patients. The Healthcare Financial Management Association (HFMA) unveiled a "Patient-Friendly Billing" project to help healthcare providers create more informative and simpler bills for patients. Additionally, as the Consumer-Driven Health movement gains momentum, payers and providers are exploring new ways to integrate patients into the billing process in a clearer, more straightforward manner.
  6. Electronic billing A practice that has interactions with the patient must now under HIPAA (Health Insurance Portability and Accountability Act) send most billing claims for services via electronic means. Prior to actually performing service and billing a patient, the care provider may use software to check the eligibility of the patient for the intended services with the patient's insurance company. This process uses the same standards and technologies as an electronic claims transmission with small changes to the transmission format, this format is known specifically as X12-270 Health Care Eligibility & Benefit Inquiry transaction. A response to an eligibility request is returned by the payer through a direct electronic connection or more commonly their website. This is called an X12-271 "Health Care Eligibility & Benefit Response" transaction. Most practice management/EM software will automate this transmission, hiding the process from the user. This first transaction for a claim for services is known technically as X12-837 or ANSI-837. This contains a large amount of data regarding the provider interaction as well as reference information about the practice and the patient. Following that submission, the payer will respond with an X12-997, simply acknowledging that the claim's submission was received and that it was accepted for further processing. When the claim(s) are actually adjudicated by the payer, the payer will ultimately respond with a X12-835 transaction, which shows the line-items of the claim that will be paid or denied; if paid, the amount; and if denied, the reason.
  7. Billing process The medical billing process is a process that involves a health care provider and the insurance company (payer) pertaining to the payment of medical services rendered to the clients. The entire procedure involved in this is known as the billing cycle sometimes referred to as Revenue Cycle Management. Revenue Cycle Management involves managing claims, payment and billing. This can take anywhere from several days to several months to complete, and require several interactions before a resolution is reached. The relationship between a health care provider and insurance company is that of a vendor to a subcontractor. Health care providers are contracted with insurance companies to provide health care services. The interaction begins with the office visit: a physician or their staff will typically create or update the patient's medical record. After the doctor sees the patient, the diagnosis and procedure codes are assigned. These codes assist the insurance company in determining coverage and medical necessity of the services. Once the procedure and diagnosis codes are determined, the medical biller will transmit the claim to the insurance company (payer). This is usually done electronically by formatting the claim as an ANSI (American National Standards Institute) 837 file and using Electronic Data Interchange to submit the claim file to the payer directly or via a clearinghouse. Historically, claims were submitted using a paper form; in the case of professional (non-hospital) services Centers for Medicare and Medicaid Services. At time of writing, about 30% of medical claims get sent to payers using paper forms which are either manually entered or entered using automated recognition or OCR software. The insurance company (payer) processes the claims usually by medical claims examiners or medical claims adjusters. For higher dollar amount claims, the insurance company has medical directors review the claims and evaluate their validity for payment using rubrics (procedure) for patient eligibility, provider credentials, and medical necessity. Approved claims are reimbursed for a certain percentage of the billed services. These rates are pre-negotiated between the health care provider and the insurance company. Failed claims are denied or rejected and notice is sent to provider. Most commonly, denied or rejected claims are returned to providers in the form of Explanation of Benefits (EOB) or Electronic Remittance Advice. In case of the denial of the claim, the provider reconciles the claim with the original one, makes necessary rectifications and resubmits the claim.This exchange of claims and denials may be repeated multiple times until a claim is paid in full, or the provider relents and accepts an incomplete reimbursement. There is a difference between a “denied” and a “rejected” claim, although the terms are commonly interchanged. A denied claim refers to a claim that has been processed and the insurer has found it to be not payable. A denied claim can usually be corrected and/or appealed for reconsideration. Insurers have to tell you why they've denied your claim and they have to let you know how you can dispute their decisions. A rejected claim refers to a claim that has not been processed by the insurer due to a fatal error in the information provided. Common causes for a claim to reject include when personal information is inaccurate (i.e.: name and identification number do not match) or errors in information provided (i.e.: truncated procedure code, invalid diagnosis codes, etc.) A rejected claim has not been processed so it cannot be appealed. Instead, rejected claims need to be researched, corrected and resubmitted.
  8. For several decades, medical billing was done almost entirely on paper. However, with the advent of medical practice management software, also known as health information systems, it has become possible to efficiently manage large amounts of claims. Many software companies have arisen to provide medical billing software to this particularly lucrative segment of the market. Several companies also offer full portal solutions through their own web-interfaces, which negates the cost of individually licensed software packages. Due to the rapidly changing requirements by U.S. health insurance companies, several aspects of medical billing and medical office management have created the necessity for specialized training. Medical office personnel may obtain certification through various institutions who may provide a variety of specialized education and in some cases award a certification credential to reflect professional status.
  9. Medical billing is a payment practice within the United States health system. The process involves a healthcare provider submitting, following up on, and appealing claims with health insurance companies in order to receive payment for services rendered; such as testing, treatments, and procedures. The same process is used for most insurance companies, whether they are private companies or government sponsored programs: Medical coding reports what the diagnosis and treatment were, and prices are applied accordingly. Medical billers are encouraged, but not required by law, to become certified by taking an exam such as the CMRS (Certified Medical Reimbursement Specialist) Exam, RHIA (Registered Health Information Administrator) Exam and others. Certification schools are intended to provide a theoretical grounding for students entering the medical billing field. Some community colleges in the United States offer certificates, or even associate degrees, in the field. Those seeking advancement may be cross-trained in medical coding or transcription or auditing, and may earn a bachelor's or graduate degree in medical information science and technology.
  10. What is Medical Billing? Medical billing is the process of submitting and following up on claims with health insurance companies in order to receive payment for services rendered by a healthcare provider. Medical billing translates a healthcare service into a billing claim. The responsibility of the medical biller in a healthcare facility is to follow the claim to ensure the practice receives reimbursement for the work the providers perform. A knowledgeable biller can optimize revenue performance for the practice. Is Medical Coding the Same as Medical Billing? No. The main responsibility of a medical coder is to review clinical statements and assign standard codes using CPT® (Current Procedural Terminology), ICD-10-CM (10th revision from the International Classification of Diseases), and HCPCS ( Healthcare Common Procedure Coding System) Level II classification systems. Medical billers, on the other hand, process and follow up on claims sent to health insurance companies for reimbursement of services rendered by a healthcare provider. The medical coder and medical biller may be the same person or may work with each other to ensure invoices are paid properly. To better understand what a coding transaction looks like, read the article "What Does a Medical Coder Do?" What Do Medical Billers and Coders Do? Medical billing and coding specialists are largely responsible for making sure medical office revenue cycles run smoothly. When a service is performed, a medical coder assigns codes to the services rendered. The diagnoses and procedure codes are taken from medical record documentation, such as transcription of physician's notes, laboratory and radiologic results, etc. Although a medical biller’s duties vary with the size of the work facility, the biller typically assembles all data concerning the bill. This can include charge entry, claims transmission, payment posting, insurance follow-up, and patient follow-up. Medical billers regularly communicate with physicians and other healthcare professionals to clarify diagnoses or to obtain additional information. The medical biller must understand how to read the medical record and, like the medical coder, be familiar with CPT®, HCPCS Level II and ICD-10-CM codes.
  11. Pharmacy2U is an online mail-order pharmacy located in the UK. The company was founded by pharmacist Daniel Lee in 1999. Pharmacy2U has been involved in piloting the electronic transfer of prescriptions in the UK. History Foundation Founder Daniel Lee worked for his family's pharmacy business until 1999, when he decided to form his own company. His father owned a chain of chemists shops in Leeds. He thought of the idea to found an Internet mail-order pharmacy in 1997 after a report by the NHS about its initiative to deliver prescriptions to patients more efficiently. Although at the time it was not legal to sell prescriptions by mail in the UK, Lee sold his apartment for £100,000 in order to put the money into the creation of Pharmacy2u.co.uk, basing his shipping out of his father's pharmacy business. The site went live in November 1999, and used a courier service. Julian Harrison from Andersen Consulting became a director in January 2000. Pharmacy2U became the UK's first online pharmacy. The British Medical Association expressed concern over the innovation, and the National Pharmaceutical Association resisted the move towards filling prescriptions online in 1999. UK health organizations persistently pushed back against online ordering in 1999 due to concerns over change in the medical industry's infrastructure. A few days after they first opened an inspection team arrived in order to scrutinize their business practices and structure. The result of the inspection was a positive recommendation to stay open, which lead to an amendment of the 1968 Medicines Act as well as the codes of ethics of the Royal Pharmaceutical Society in order to allow for the establishment of Internet-based pharmacies. 2000s In June 2000 the company relaunched its website as the UK government allowed the transfer of prescriptions electronically. In August 2000 Pharmacy2U was one of the founding members of the European Association of Mail Service Pharmacies. In October 2000 the firm OnMedica invested £2 million into Pharmacy2U. By 2001 the website had about half a million pounds in sales. In November 2000 the company launched the first ever advertising campaign for an online pharmacy. In 2001 the company was used as a benchmark for price comparison for pharmaceuticals in the UK by the BBC. In 2001 the company was awarded a pilot program from the NHS for the electronic transfer of prescriptions. In 2001 Pharmacy2U also produced the UK's first mail order pharmacy catalogue. The company also provided non-prescription health and beauty products for sale. In 2001 Pharmacy2U backed an electronic transfer of prescription pilot where patients could request prescriptions electronically and receive a postal delivery instead of having to do an in-person pick-up. It was one of three companies chosen by the NHS to run the pilot program and trial, which covered prescriptions in Stockport and the South of England. It focused on the requesting and electronic prescribing of repeat prescriptions and their home delivery. Seventy general practice surgeries were involved, as well as partners EMIS Health, Hadley Healthcare, and the NorthWest Co-op in UK. In 2003 The Guardian stated that Pharmacy2U had organized the biggest change in the UK market in moving towards electronic prescriptions by "allowing patients' prescriptions to be delivered anywhere in the UK for no extra charge. Delivery required the signature of the patient or their named representative". By that year it had incorporated 142 surgeries into its program. In 2004 an evaluation of the technical models used in the English ETP pilots was undertaken by Bob Sugden and Rob Wilson, in which they stated that the pilots had been technically viable. Studies commissioned by Pharmacy2U revealed that one third of UK patients' prescriptions were not filled. In 2007, the company was presented with the Yorkshire Post's Small Business of the Year Award. In 2008 the company had £12 million in sales. At this point it served 250 general practice surgeries and provided white label pharmacy ecommerce systems for supermarkets. In 2012 Andy Hornby became chairman of the board for the company. That year the company also launched an automated phone prescription service allowing patients to request repeat prescriptions by telephone. 2010s In October 2015 the company was fined £130,000 for selling patients' personal data to international scammers. The Information Commissioner's Office found that the company had sold patients' names and addresses without permission. They were not accused of passing on medical information. The buyers, including a health supplements company, were warned for misleading advertising and unverified health claims. An Australian lottery company was said to have deliberately targeted elderly and vulnerable individuals. In December 2015 the company stopped providing medication for several weeks due to a failure of their automated dispensing system. In January 2016, a study on adherence research, co-funded by the firm, concluded that "telephone intervention, led by a pharmacist and tailored to the individuals’ needs, can significantly improve medication adherence in patients with long-term conditions, using a mail-order pharmacy. Further work is needed to confirm a trend towards improved clinical outcome." According to the statistics for March 2016 from the NHS Business Services Authority, Pharmacy2U was the largest NHS contracted Pharmacy. In July 2016, Pharmacy2U announced a merger with Chemist Direct. in 2018 the company was dispensing 300,000 items a month. The company was in a legal dispute in late 2018 over the rights of the contact details of members of the National Pharmacy Association. The presiding judge expressed concerns over the company's ability to "pick off" individual members
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