FEBRUARY 13, 2006          Return to Newsletter Archive        NEXT ISSUE      PREVIOUS ISSUE

 

 

We are happy to bring various articles of interest and resources with regard to the medical billing industry to our readers. Enjoy!

Remember, you can access our Newsletter Archive to read our past editions. Simply click here.

in this issue
  • Success Corner - Coretta Johnson
  • Newest Quicken Medical Expense Manager Ends Health Care Cost Confusion -- Creates Smart Shoppers
  • Siblings Arrested in Multi-Million Dollar Insurance Fraud Scam: Facing Prison
  • Role of Third-Party Billing Firms Expanding In Healthcare Arena
  • Medical Billing Course.com: Price Increase Delayed

  • Newest Quicken Medical Expense Manager Ends Health Care Cost Confusion -- Creates Smart Shoppers

    Quicken Medical Expense Manager software organizes your medical history and insurance information in one place. It helps you make sense of confusing and sometimes overwhelming paperwork. It helps you track medical expenses, find tax deductions and manage disputes. It allows you to keep detailed records of past medical expenditures so that you can make informed decisions in the future. And it's especially useful if you have a chronic medical condition or manage medical costs for other family members.

    The Medical Billing Advocates of America estimates that up to 90 percent of medical bills from hospitals and providers contain errors amounting to more than $10 billion annually in overpayments. Quicken Medical Expense Manager makes it easy to identify overpayments and billing errors, and helps manage the dispute process more effectively.


    Siblings Arrested in Multi-Million Dollar Insurance Fraud Scam: Facing Prison

    A Vietnamese woman and brother in Houston, the US, were arrested for allegedly recruiting healthy people to have surgeries at a clinic as part of a multi- million dollar insurance fraud scheme, officials said.

    Investigators from both states arrested Thuy Huynh, 47, and Ngoc "Johnny" Trang Huynh, 46, in west Harris County in Texas Thursday morning in connection with a medical insurance scam, according to the Insurance Journal website.


    Role of Third-Party Billing Firms Expanding In Healthcare Arena

    Medical billing professionals typically provide services to specialty physician groups and primary care practices and process Medicare, Medicaid and private health insurance claims.

    In addition to seeing that health care providers get paid for their services, the billing professionals frequently offer a full range of physician's administrative functions.

    The third-party billing industry dates back to the 1950s; however, large billing companies did not emerge until the 1980s when it was required that hospital-based physicians' services be billed separately.

    Today, health care billing companies come in all sizes, ranging from one person to publicly traded companies with revenues of $300 million to $400 million annually.

    Third-party medical billing companies employ nearly 20,000 people nationwide and process more than 17 million claims per month, representing more than $18 billion per year, according to statistics provided by the Healthcare Billing & Management Association (HBMA), a trade association representing third-party medical billers.

    Physicians who contract out or outsource their billing departments can expect their billing agents to perform initial data entry of patient demographic and charge data, prepare insurance claims, follow up unpaid claims, post payments and adjustments, detect and challenge inadequate or incorrect payments and bill patients for deductibles and co- insurance.


    Medical Billing Course.com: Price Increase Delayed

    The Medical Billing Course.com price increase that was supposed to take affect on February 11, 2006 has been delayed until the end of the month.

    Medical Billing Course.com is in the process of making updates and performing routine maintenance on its website. This process is taking a little longer than expected. You can take advantage of the delay and SAVE NOW by ordering your course prior to March 1, 2006.


    Success Corner - Coretta Johnson
    Coretta Johnson
    J&J Medical Billing Associates
    Seattle, Washington


    Hi! I'm Coretta Johnson from Seattle, Washington. When I was asked by Medical Billing Course.com to put together a brief biography of myself, I was happy to do it. Medical Billing Course.com has been very instrumental in my confidence and future success!

    My business, J&J Medical Billing Associates consists of myself and my mother-in-law, Jenetta Johnson. Jenetta resides in my home-town of East St. Louis, MO, but we see this as much more of an advantage than a "distance problem." We have already begun marketing our services to providers in both areas (Seattle and East St. Louis) and we expect to have a contract (or two) in hand within the next 30 days!

    Jenetta has somewhat of a medical background, having worked as a medical secretary for 15 years for a local doctor. I'm a pre-school teacher getting ready to have children myself, and decided that I want to stay at home to be with my children.

    Jenetta and I both recommend Medical Billing Course.com to anyone who is pursuing a career or has plans to start their own business in medical billing. The course is well thought out, flows easily, is humorous at times, and gives you confidence in "learning by doing."

    Check back with us. We would like your readers to be the first to know of our success!
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