"Be Part of One of America's Fastest Growing Industries! Earn Thousand of Dollars A Month From Your Home...Processing Medical Billing Claims!"You can find ads like
above everywhere--on telephone poles, in your newspaper, on television and on
Internet. While you may find these ads appealing, proceed with caution. Not all work-at-home business opportunities deliver on their promises.
And its been our experience that nearly all of them are scams!
Countless work-at-home schemes require you to spend your own money to place newspaper ads; make photocopies; or buy
envelopes, paper, stamps, and other supplies or equipment you need to do
job. The companies sponsoring
ads may also demand that you pay for instructions or "tutorial" software. Consumers deceived by these ads have lost thousands of dollars, in addition to their time and energy.
Here are examples of several types of classic work-at-home schemes:
1. Medical billing: Ads for pre-packaged businesses--known as billing centers--are in newspapers, on television and on
Internet. If you respond, you'll get a sales pitch that may sound something like this:
"There's a severe crisis in
health care system, due partly to
overwhelming task of processing paper claims. The solution is electronic claim processing. Because only a small percentage of claims are transmitted electronically,
market for billing centers is wide open!"
The promoter may also tell you that many doctors who process claims electronically want to outsource or contract out their billing services to save money. Promoters will promise that you can earn a substantial income working full or part- time, providing services like billing, accounts receivable, electronic insurance claim processing and practice management to doctors and dentists.
They also may assure you that no experience is necessary-- that they will provide clients eager to buy your services or that their qualified salespeople will find clients for you.
The truth: You will have to sell! These scam artists rarely provide experienced sales staff or contacts within
medical community.
The promoter will follow up by sending you materials that typically include a brochure, application, sample diskettes, a contract (licensing agreement), disclosure document, and in some cases, testimonial letters, videocassettes and reference lists. For your investment of $2,000 to $8,000, a promoter will promise software, training and technical support.
And
company will encourage you to call its references. Make sure you get many names from which to chose. If only one or two names are given, they're probably "shills"-- individuals hired to give bogus testimonials.
If at all possible, it's best to interview people in person, preferably where
business operates, to reduce your risk of being mislead by shills and also to get a better sense of how
business works.
Very few consumers who purchase a medical billing business opportunity are able to find clients, start a business and generate revenues--let alone recover their investment and earn a substantial income. Competition in
medical billing market is fierce and revolves around a number of large and well-established firms.
2. Envelope stuffing: Promoters usually advertise that, for a small fee, they will tell you how to earn money stuffing envelopes at home. Later, when it's too late, you find out that
promoter never had any employment to offer.
Instead, for your fee, you're likely to get a letter telling you to place
same "envelope-stuffing" ad in newspapers or magazines, or to send
ad to friends and relatives. The only way you'll earn money is if people respond to your work-at-home ad, and pay
same fee that you did.