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Medical Billing Home-Based Business Opportunities : In some
cases, opportunities for a home-based business in the medical
billing field can be a scam. There are many ads appearing
on the internet, in addition to ads in the classified sections
of newspapers that lure people into the idea they will make
good money working at home, filing claims for doctors.
Beware of these ads until you have thoroughly checked them
out. The Federal Trade Commission (FTC) has warned against
these advertised business opportunities and has also brought
charges against these scammers for misrepresenting not only
the possible earnings, but also, not informing the person
of the investment required to start this home business. Claims
of $20,000 to $45,000 a year earnings potential is normally
what is promised in these ads. In many cases, people assume
they are applying for a job,
as their ads will be listed in the 'help wanted' classified
section. Some ads will claim you need no previous experience
- just simply purchase their software and this will set you
up in business! The cost of this software varies from $300
to $500 and it's claimed there are instructions in the software
on how to process claims; plus, this software will contain
a list of clients (doctors) who are looking for someone to
do this type of work for them. Usually, this list of clients
is bogus and completely useless. The general rule in paying
up-front money to anyone is to be sure you know who you are
paying it to and this rule would apply in this case. They
will tell anyone who calls their toll-free number, in answer
to their ad, that processing medical claims is a very thriving
business allowing for them to earn good money.
They also inform people that there are many doctors who are
in search of medical billing processors. Be aware, most doctors
either contract their medical billing services out to established
firms or they have an in-house staff who does this work for
them. Thus, it takes time and a lot of work to acquire doctors
as clients who will put their trust in someone working from
home. To verify a medical billing business opportunity, ask
for references of other people who have bought and used their
system. Several names are required to allow : (
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