How to Jumpstart a Successful Medical Billing Business

Did anyone see Vanessa Best’s article in the July issue of BC Advantage? In the article, How to Jumpstart a Successful Medical Billing Business (page 31-32), Vanessa lists 10 steps to start a medical billing and consulting business:

  1. Choose a business type.
  2. Choose the name.
  3. Develop a business plan.
  4. Learn about your market.
  5. Keep abreast of the medical field.
  6. Get reasonably priced software from vendors listed with the BBB.
  7. Develop your marketing strategy.
  8. Launch your marketing campaign.
  9. Establish how much your time is worth and set fees for service.
  10. Put it in writing!

Although the medical billing account receivable specialists agree with everything on Vanessa’s list, we thought medical billers and medical billing consultants should add one more thing to the list.

Team up with a medical billing accounts receivable factor. Most medical billing companies and medical billing consultants have to wait weeks to be paid for their billing services. Imagine a world where you sent an invoice to a physician, and you got paid on the same day. PRN Funding’s medical billing account receivable program is designed to do just that!

Check out our medical billing factoring web page for more details.

2010 AAPC Conference Wrap-Up

Even though Jacksonville, FL was not one of the more desirable cities for a medical coding conference, the 2010 AAPC Conference ended up being a good one for PRN Funding.

Phil Cohen (PRN Funding’s owner), Vera Pereskokova (Account Manager) and Nikki Flores (Marketing Manager) had the pleasure of speaking with a number of medical coding business owners and medical coding consultants during the show. All of them showed a great interest in PRN Funding’s medical billing factoring services as well as our medical coding invoice funding program.

Congratulations to Lori H. of Compass Coding Services, who was the lucky winner of our iPod Shuffle and $50 iTunes gift card drawing!

AAPC Adds New VP of Practice Management

Last week, the American Academy of Professional Coders (AAPC) announced that it hired a new Vice President of Practice Management. Daniel Schwebach has more than nine years of experience in the healthcare industry, and his new duties include: developing and and strategically implementing AAPC’s new practice management initiatives.

According to the official press release: “Prior to joining AAPC, Schwebach was a manager with PricewaterhouseCoopers LLP, were he specialized in operational and strategic consulting for ambulatory services.”

Click here to read the entire press release: AAPC Hires VP of Practice Management.

MTSOs Gain New Compliance Program

Review of Systems-expanded (ROSe) recently announced that it has added an advanced-level program to its compliance training offering specifically designed for medical transcription service organizations (MTSOs).

Developed by lead ROSe instructor, Brenda J. Hurley, CMT, ADHI-FL, the Advanced Compliance Course Training consists of four classes surround topics such as security risk assessments, policy development for reducing potential risks, and tips for business associate agreements.

According to For the Record Magazine, the new course “offers MTSOs the ability to provide instruction to their medical transcription staff regarding the new compliance requirements and new security and privacy risks they will encounter in their daily work activities.

There is special pricing available through June 30th. For more info, visit www.rosemtschool.com.

PRN Funding to Exhibit at 2010 AAPC Show

Jacksonville, FL-PRN Funding will be exhibiting in booth #111 at the 2010 AAPC Conference, and the crew is excited to talk to medical coding business owners and medical coding consultants about the benefits of medical coding invoice factoring.

In addition, AAPC Conference attendees are encouraged to stop by booth #111 June 7-9 to enter for a chance to win an iPod Shuffle and $50 iTunes gift card.

Click here to read the official press release: PRN Funding Talks Medical Coding Factoring.

2010 National Medical Transcription Week

It’s hard to believe that 25 years have gone by since President Ronald Reagan signed a proclamation making this week National Medical Transcription Week.

Here are some fun medical transcription facts to keep in mind while celebrating the week:

  • There are 1.2 billion medical records produced in the U.S. every year.
  • 60% of those records are documented via medical transcription/dictation.
  • Dictation/medical transcription is still the preferred method among US physicians for documenting patient encounters.

For more information on the 2010 Medical Transcription Week, please visit AHDI’s web site.

AAPC Moves 2010 Conference to Jacksonville

Due to the recent flooding in Nashville, AAPC’s National Conference has been moved to Jacksonville, Florida. The conference dates, times and educational sessions will remain the same. PRN Funding will still be exhibiting in booth #111 at the upcoming medical coding trade show.

For those who registered prior to the move, here is information to help with the transition:

Help for Nashville AAPC Conference Registrants

2010 National Nurses Week Starts Today

National Nurses Week begins every year on May 6, the birthday of Florence Nightingale, who was the founder of modern nursing.

The American Nursing Association encourages agencies, employers and the general public to show nurses your appreciation this week.

Not sure how to say thanks?

Check out the National Nurses Week Media Kit for great ideas to create positive events that will show nurse appreciation while show-casing your organization!

NY Staffing Association To Hold Health Care Reform Seminar

In this week’s edition of Inside ASA, The American Staffing Association announced that the New York Staffing Association will have a featured luncheon speaker on Super Seminar Day (May 18).

General Counsel, Ed Lenz, intends to speak about how the new health care reform law will affect staffing agencies.

Attendees will also receive a comprehensive written outline of the new health care reform law that will include the following topics:

Major new tax provisions
Requirements for individuals to buy health insurance
Small business tax credits
Employer penalties if employees receive government assistance
Employer notice requirements
Medicare tax withholding obligations
Auto enrollment requirements for certain large employers

For more information, visit the New York Staffing Association web site.

Review of 2010 MTIA Conference

Although we weren’t necessarily thrilled when MTIA decided to raise it’s membership fees, the medical transcription factoring specialists at PRN Funding continued to support the organization.

Part of our allegiance is to exhibit at the 21st Annual MTIA Conference in Daytona Beach. Although it was great for networking, and the show was structured very well, we were disappointed with the attendee turnout. The 2010 numbers were significantly lower than past years.

Q: If you routinely attend the medical transcription trade show, why did you choose to go (or not go) to the 2010 MTIA Conference?

Older Posts
Newer Posts