Medical Billing Service Owners
Overview
Introduction
Medical billing service owners, or medical billers, help doctors and other health care professionals obtain payment for services. They send bills to patients, private insurance companies, Medicare, and other insurers. Using special software, they file insurance claims electronically via the Internet. They keep files on patients and insurers, and use medical codes when filing claims. Most billers work from their home offices, though some work in the offices of doctors and clinics. Medical billers are sometimes known as e...
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
Some medical billers charge their clients for each claim processed; others charge a percentage of the insurance payment. Some billers have contracts with doctors and charge flat weekly or monthly fees. No salary surveys have yet been conducted on independent billing service owners, but a service processing 300 claims per month can make $10,000 per year for each client. Though most owners of med...
Work Environment
Most medical billers work in the comfort of their own home offices. Although they dont have any direct supervision, clients regularly contact them to check on the status of an insurance payment. They spend much of their time on the phone and on the computer. In some cases, billers may visit a clients office to collect forms; some billers, however, simply exchange information electronically. Bil...
Outlook
The Centers for Medicare & Medicaid Services (CMS) administers Medicare, Medicaid, and the Childrens Health Insurance Program, provides health insurance for more than 100 million Americans. In June 2024, CMS reported that national health expenditures increased 7.5 percent in 2023, outpacing GDP growth by 1.3 percent. This reflected an uptick in utilization by the insured portion of the popu...