Insurance claims may be printed on the standard HCFA1500 form, or claims may be submitted electronically with a common modem and telephone line. Both paper and electronic claims offer an opportunity to billing services. Paper claims are satisfactory for many practices, and the trend continues toward electronic claims. Electronic claims are popular because payment time and costs are reduced for health care providers and insurance carriers. Fees for Service Physicians have traditionally compensated billing services on a per-claim or percentage basis.
Fees vary based upon the depth of service provided.
Profile of a Billing Service Owner Entrepreneurs with backgrounds in many different professions are finding success in billing service businesses. Since a billing service can be home-based and started gradually, it's ideal for people changing professions, whether voluntarily or forced by a change in their company's work force. Owners state their reason for starting their business as a desire for independence, increased earning ability, or freedom from the whims of Corporate America. The developers of MediSoft Patient Accounting software and associated billing service products are experts in health care billing. MediSoft systems have been purchased by thousands of health care practices and billing services, assuring that you'll get software that works and continues to work.