Read full article here...
Here is a good summary and should provide some answers to your questions;
What is the Job?: Work in the medical field; surgeons, clinics, physical therapists, doctors and so on, chiropractors and dentists are also an option but require different sets of forms.Responsibilities include entering patient demographics, insurance information and charges into the software; preparing paper or electronic claims; mailing patient statements; following up on unpaid claims, appeals and denials; using "soft" collection methods with patients who are not paying their bills; and preparing reports. Skills: If you don't have a medical billing background, taking classes on how to do the following; how to fill out a claim form, ICD-9, CPT codes, Medicare and Medicaid guidelines. A medical terminology class, either through a good home study course or through your local college, is also a good idea. Another good start is to work in a medical office to gain the experience you need to work on your own at home. Costs: at least $3,000 and up to $10,000 depending on what software you purchase, what equipment you'll need, etc. You need software, computer, printer, fax, and a copier. Also, a postage machine, which is a big when it comes to mailing paper claims and patient statements. You also have to invest in claims forms, statements forms, envelopes, filing system, backup device and media, marketing materials, business cars, business license, and more. You need to open a separate checking account as well. You need to have an accounting program like QuickBooks to manage your business bookkeeping.
Read more about medical billing home business
