Avoid Medical Billing Business Scams

A medical billing business scam targets people looking for

  • $20,000 to $45,000 a year income potential

  • work-at-home opportunity using your computer

The Federal Trade Commission (FTC) has brought charges against promoters of medical billing opportunities for

 

  • misrepresenting the earnings potential of their businesses and

  • failing to provide key pre-investment information required by law.

Advertisement - substantial income working from home full- or part-time

 

  • Internet

  • Classified sections of local newspapers and "giveaway" shopper's guides

  • "no experience required"

 

The hook

 

  • medical claims processing is a lucrative business

  • doctors are eager for help with electronic claims processing,

  • no experience is needed

  • you can do this work from the comfort of your home

  • promise to provide everything you supposedly need to launch your medical billing business: the software program to process the claims and a list of potential clients.

  • the fees - hundreds, or even thousands, of dollars upfront.

The reality

 

  • few consumers find clients make any money, earn the promised substantial income.

  • the client lists provided are based on out-of-date databases of doctors who haven't asked for medical billing services

  • the software provided may not work or may not have been properly authorized and so is useless

  • fierce competition from established firms and doctors processing their claims in-house

How to Protect Yourself

 

  • Ask for home business owner references

  • Ask names of client references

  • Ask for references about medical billing software

  • Contact the company and ask for your money back.

  • Send correspondence by certified mail - and request a return receipt - to document what the company received.

Where to Complain

 

File a complaint with:

  • the Federal Trade Commission. Call 1-877-FTC-HELP (1-877-382-4357) or log on to www.ftc.gov.

  • the Attorney General's office in your state or in the state where the company is located

  • your local consumer protection offices.

  • your local Better Business Bureau.

  • your local postmaster. The U.S. Postal Service investigates fraudulent mail practices.

  • the advertising manager of the publication that ran the ad. The manager may be interested to learn about the problems you've had.

Source: http://business.ftc.gov/documents/inv09-medical-billing-opportunities-worth-second-opinion