Description: 20 years as America's leader in Medical Billing, with unparallelled training and support. $100k potential. Work from anywhere, full-time or part-time. Come join our success! Opportunities: Licenses available throughout the US. Business Type: Business Opportunity. Minimum Cash Required: $19,990. Financing Assistance: Yes, through a third party. Training Provided: Yes. Home-based: Yes.
American Business Systems-A Unique Medical Billing Business Opportunity
Interview with Patrick Phillips: Founder and CEO of American Business Systems
American Business Systems began in 1994, providing an important, but relatively untapped service in the market. Today, medical billing has proven to be a highly profitable industry, complete with an appealing level of accommodation to the individual licensee’s needs. This flexibility to work from anywhere and set your own hours, while providing a valuable service in the healthcare field has made American Business Systems the largest company of its kind nationwide.
In this Success Stories Interview, we hear from American Business Systems founder and CEO Patrick Phillips, who provides the leadership that has kept the company at the front of the competition for more than a few years (22 to be exact). The secret to success? Embracing technology, continued support and a transparent business model. If you’re in Dallas, TX you’re invited to stop on by. For now, read on to learn about what being an ABS licensee looks like with this standout business opportunity.
As the founder and CEO, what inspired you to create American Business Systems?
Well, my wife, Linda, actually started doing medical billing for friend back in 1987. She started making more money than I was making as a computer consultant and it dawned on me that she had developed a business that could be duplicated by other people…if they had the right training and support. So, I got involved and developed the training workshop, created and tested the marketing materials and methods, and we licensed our first licensee in 1994.
What do you attribute ABS’s longevity to?
We decided early on to support the people who completed our training workshop for life. That’s because our model includes rebates from our technology partners on each of the services our licensees market. So, when they make money, we make money. This allows us to offer lifetime support and ongoing training at no charge to our licensees.
Describe a person who would fit in well as an ABS licensee, is medical/financial service experience necessary?
If I had to describe the typical person who could be successful in our business, I would have to say that they should be a person who can follow instructions and is open to following a step-by-step system that we have perfected over the last 22 years. We have licensees that have built very successful businesses from housewives that have not worked outside the home, single moms that have to start this part-time, retired or recently downsized individuals, people from every educational and ethnic background. Very few of our graduates have any background in the medical field, and even fewer have any background or training specifically in medical billing.
How long does the process typically take for an ABS licensee to get their business up and running?
We have people leaving our week-long training workshop here is Dallas and sign up their first client in the first week. More typically, a person will get their first client, following our proven marketing methods, in the first 30 to 90 days. We have had licensees see a return on their investment in the first six months, but generally people see cash-flow within the first 60 days or so; it all depends on whether they have full-time to devote to building their business or if they are building it in their spare time.
Can you elaborate on the kind of support and training an incoming franchisee can expect from ABS?
Our support includes access to our private licensee support portal, support via toll-free phone numbers, email and live chat. Along with our technology partners, we have over 100 dedicated support personnel, including technical support, and marketing and proposal support for all of our ancillary services.
What makes the ABS opportunity a great value?
Anyone could start their own medical billing business on their own, and many people have (my wife and I did). But, the time spent learning all the proprietary marketing ideas that we share with our licensees could cost you more than our modest licensing fee. We are the only company in America that provides a live, instructor led hands-on training workshop (taught by actual licensees who are running their own medical revenue management business). We also do live demos for our licensees and their prospective clients, at no additional cost. We have lifetime support (no additional fees, ever), ongoing training webinars (at no cost), and a full 100% money-back guarantee.
What makes the investment cost worth it? Is there risk?
There is an element of risk in any new business opportunity. Someone would most certainly spend more money developing the marketing materials we have created, finding the right software, getting some level of industry training, etc. Then they would need to have a clear marketing strategy and be comfortable putting that strategy into action all alone. With our support and training people can see a ROI in about a year with just ONE client!
What is your #1 piece of advice for success you would share to a first-time licensee?
Don’t try to reinvent the wheel, so to speak. We have a tested and proven system. Follow it and let us help you every step of the way. We guarantee this is the fastest way to build your own medical billing business. It has worked for many others and it can work for you. The only way you could fail in this business is to go home following our training workshop and put everything on the shelf and not do what you learned. If you use just one of the dozen different ways to market this business and get your first client, you may not have to do any further marketing. By doing a good job, as we will teach you, you will get all the referrals you can handle.
What makes American Business Systems stand out from other medical billing business opportunities?
We are the only company that provides live training, lifetime support at no cost, superior cloud-based technology, and a money back guarantee.
Come to Dallas and see what we are all about, if you don’t agree it’s the best training you’ve ever been to, you can get a refund and go with another company.
Describe the role technology plays at ABS.
Having the best technology is vital in this business. It directly affects not only your bottom line, but more importantly, the revenue of the doctors you’ll be serving. Cloud based is the way to go, don’t let anyone tell you otherwise. Don’t get stuck with software that requires a CD to be installed on a hard drive! When is the last time you’ve done that? Windows 95?
What’s the biggest mistake you see from incoming franchisees? How can it be avoided?
The biggest mistake would probably be to try things outside of our proven steps to market the business. We know what marketing methods work because we test them over and over. Trying something that may have worked in another industry may not work with doctors!
What’s next for American Business Systems in terms of future growth?
ABS makes money from our technology partners when licensees sign up new clients, so we have a vested interest in supporting them on the backend. We measure growth not by the number of new licensees we train, but by the number of medical providers our current licensees sign up. Collectively, our licensees signed up an average of 2 doctors per workday last year! We predict record numbers of new medical practices signed up by our licensees this year and into the foreseeable future.
Is there anything else you would like to share?
If anyone is not 100% sure that this is the business they should start, I would encourage them to come visit us at our corporate offices here in Fort Worth and meet everyone here and ask all the questions they can think of. Don’t take our word for it. Ask for a list of references and speak with individuals who have done their due diligence, checked us out, and then made the decision to come through our training workshop. Let them tell you whether they think they made a good decision and whether or not this business is something they would recommend to others. And, if you come to our workshop and decide this is not the right business for you, for any reason, just ask anyone of my staff and they will arrange for you to receive a 100% refund of your license fee. No other medical billing business opportunities offer something like this.
GREAT! WHAT'S MY NEXT STEP?
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