Medical Billing at home

What the masses didn't know was that during those two years several so called home based medical billing support companies were in full swing selling their wares and services to the undereducated looking to get into this lucrative field. The majority of the companies were well thought out scams and because most people had no idea of what was needed to successfully run and operate a business in this industry the companies quickly became rich while giving nothing to the clients in return (except for empty wallets, dashed dreams and a lot of headaches). In 1999 several entrepreneurial and financial magazines stated that medical billing was one of the top ten home based businesses for the new millennium.

While the reports were correct it took almost 2 years before the information sunk into the heads of those that were desperately looking for ways to leave the nine-to-five rat race and work from home. Friends, let me tell you right now that there are no companies out there that can afford to supply all of that for $400 and stay in business! Common sense would alert most people that this is a scam, but because most people are so blinded by the money making potential they don't listen to that little person inside that usually yells "It's Too Good To Be True".Today, while the industry is still a growing field there are several companies (usually the same ones from 2000 on but with the same product and different names), that spend a lot of money advertising in different venues to take further advantage of the unsuspecting public.

These companies know that the majority of folks will not do any research before getting involved, they make it easy for you to contact them, they have very convincing sales reps waiting to con you out of your money and for a mere $400 they tell you that they will supply you with everything you'll need to make $40-$60K per year from the comfort of your home. How does the work get delivered to the doctor? I think most medical transcriptionists deliver the work to the office still, but there are many that send the work via modem back to the doctor's office .

How much does it cost to get the equipment to do this type of work? This varies of course, but generally, start up costs including the cost of a computer and transcription machine and necessary books, can actually be as low as $200.00. An older second hand computer can be purchased nowadays for as little as $100.00, and a transcriber can bepurchased on an internet auction for pennies on the dollar. These are your two main purchases. You can of course spend several thousand dollars if you want to. You can find some accounts which will only take an hour or two a day, and some that will take 4-5 hours. It varies.