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Medical billing involves working with dentists, surgeons, clinics, physical therapists, doctors etc. to enter patient insurance claim information into a database, preparing paper and electronic claims, mailing patient statements, following-up with patients not paying bills and preparing reports.

Once you have become an experienced medical biller you can start your own medical billing consulting service.

If you don't have a background in the area you'll need to take a course on the subject via home study or your local college. Another idea is to work in a medical office setting as their claims processor to gain the experience needed to work on your own at home.

You'll need a computer, printer, medical billing software and a fax machine. A second phone line is recommended together with an answering machine or answering service.

Your start-up costs if you need to buy everything above, including courses on starting a medical billing business will be $15,000 plus. But if you have experience and equipment, your start-up costs will be in the vicinity of $3,000.

Your anticipated earnings depend on where you live. You can also charge per project. If you have a solid customer base, your earning potential is unlimited.

Useful resources:

WEBSITES:

American Medical Billing Association

Electronic Medical Billing Network

Medical Billing Software

BOOKS:

Setting up Your Medical Billing Business: Step by Step Procedures for Beginning a Computer-Based Home Business
by Merlin B. Coslick

Medical Billing: The Bottom Line
by Claudia A. Yalden

Medical Billing Home-Based Business: Success in Management and Business Strategies
by Merlin B. Coslick