Medical Coding Business from Home

medical billing

How to Start a Medical Coding Business from Home?

In the health care field, opportunities to work from home tend to be pretty rare. That’s because this is a very hands-on, patient-focused career field that calls for a lot of face-to-face interaction.

However, that doesn’t mean opportunities don’t exist at home. If you’re interested in the administrative side of running a medical office, you may be able to become a medical biller and coder—and start your own business from the comfort of your house.

Get the Training You Need

This is a specialized field that requires either on-the-job training or a diploma, certificate, or Associate degree from an accredited medical coding and billing program. Becoming a certified medical coder through the American Academy of Professional Coders (AAPC) can also boost your chances of success in the field.

Experience can play a key role in your success in working from home. Most clients will want to see your resume or credentials, and possibly get referrals from previous employers. A few years of experience working in a medical office can help you refine your skills, make contacts, and become more confident in your chosen field.

(Note: There are some medical coding companies that will allow you to work from home in exchange for an hourly rate or annual salary. If you want to work from home but don’t want the hassle of running your own business, these might be a good fit.)

Plan Your Medical Coding Business

Running a business isn’t quite the same as working a traditional job. That’s because there are a number of different aspects that would usually be covered by an employer, but are now your responsibility. For example, you will need to:

  • Medical Coding Business from HomeObtain a city and/or county business license
  • Register with the IRS
  • Set up a bookkeeping/accounting/billing process
  • Purchase your own health insurance plan
  • Write a business plan
  • Market and advertise yourself to hospitals/doctors/insurance companies
  • Create a home office space
  • Set up a retirement plan

 

As you can see, this isn’t a short list, and there is quite a bit of set up and regular maintenance required in keeping a medical coding business running. And as anyone operating a home-based company will tell you, there is a lot more time to put in than what you spend doing the actual work you’ve been hired to do.

Although starting a medical billing and coding business isn’t for everyone, it can be a great option for self-starters who want the flexibility and autonomy that come from working from home. With the right training and the right connections, you can build a successful medical coding business and enjoy years of self-directed employment.

 

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