AMERICAN BUSINESS SYSTEMS Franchise Startup Cost, Profit Margin, Revenue and Locations
If you are looking for a fast track to kick-start your medical billing business, then it’s just the right time for you to consider American Business Systems. This is a company that promotes business ventures that are associated with medical billings. The company offers medical billing software and also service packages which include Life time business support, live training and a money back guarantee.
IS AMERICAN BUSINESS SYSTEMS A FRANCHISE?
You might want to know if American Business Systems is a franchise. Well it is not a franchise, but a license opportunity. It is the largest company of its kind and it is involved in the provision of training and support to their independent licensees since the year 1994.
WHY YOU SHOULD CONSIDER CHOOSING AMERICAN BUSINESS SYSTEMS
American Business Systems can boast of three features that you won’t get with any other company.
- You tend to get 100% money back guarantee if for any reason you are not satisfied with the training you get with the company.
- You will be subjected to live training courses which are taught by professional and experienced trainers who have active participation in the medical billing business. You will also have access to further trainings through work books, DVD and continual educational webinars.
- You will get a lifetime support from the company. The company’s support team will be available anytime you need any kind of clarification, even after you have started operating your business unit.
- You will also be assisting the doctor’s cash flow issues as an American Business Systems Licensee. Most of the times, doctors don’t get their payment on-time. Sometimes, this is delayed to about 90-120 days. With the American Business Systems, doctors will get their payments in 7-10 days.
- The American Business Systems gives you that opportunity to earn from a multiple stream of incomes. As an American Business Systems Licensee, you will assist doctors in setting electrical medical records, coding review, patient payment plans and a lot more. This will allow you to add more value to your customers and at the same time, earn more monthly income for yourself.
- The American Business Systems models will ensure that you get leads as a franchisee. You will also get the ABS Practice Analysis Tool which will help you convince doctors how much they can save with the company’s model when compared to the current billing system they utilise.
- The company’s electronic filing system is quicker than any software processor you might have installed on your system or any form of manual paper claims. With this system, you have the potential to work efficiently which will eventually boost your profit.
REASON WHY YOU SHOULD CONSIDER MEDICAL BILLING BUSINESS
- FLEXIBILITY: This kind of business gives you the opportunity to work from anywhere you choose at your own set schedule. You can even take it as a part-time business for you to earn extra income.
- THE GROWTH POTENTIAL: Information acquired from the website of the US Bureau of Labour forecast, the number 1 sector for growth is the health services. Visitations to the doctors and other medical personnel are never affected by the economy of a country, so there will always be medical billings to make at every point in time.
- YOU DON’T NEED A SPECIAL EDUCATION: You are not even expected to have a degree or any other professional qualification before you are considered to become a medical billing licensee. You don’t even need to involve yourself in learning complex computer codes.
WHAT IS THE COST OF AN AMERICAN BUSINESS SYSTEMS LICENSE?
In order for you to be granted an American Business Systems License, you will need to make a payment of $24,900. You are not expected to make an initial fee or any form of additional royalty fee.
HOW MUCH CAN YOU EARN WITH THE SYSTEM
According to information on the company’s website, you have the potential to earn up to $10,000 to $20,000 per client using the American Business Systems. Although your eventual success in the business will now depend on the effort you input into the business.
Although the company will give you the required support to achieve success faster, but your eventual revenue cannot be definitely ascertained.
DOES THE COMPANY OFFER TRAINING?
Yes, the American Business Systems will offer you training in the entire areas of the business. You are entitled to live training courses which will be delivered by well experienced tutors. Additional trainings will also be delivered through work books, DVD and continual educational webinars.
The training synopsis will involve the following:
- Success stories from current Licensees with the company
- How to be profitable in business
- Strategies to get more referrals in the business
- Proposal preparation to acquire clients
- The process of conducting Live seminars and Webinars
- Terminologies in Medical Billing
- Effective ways to market the ChoicePay System
- How to operate the Office Manager
- How to use the AutoCard effectively
- Marketing tactics for the QuickCollect Service
I believe you are reading this article because you want to learn more information regarding the American Business Systems, and how to get started.
Efforts have been made in this article to highlight the important aspects of American Business Systems such as the general information about the company; how much it costs to start; the available trainings and supports; how to get started, etc.
About American Business Systems LLC
American Business Systems LLC is a home based business which was established more than two decades ago in 1994, and has since been offering their business license to interested licensees. The company’s head office is located at 5751 Kroger Dr. Ste. 269 Keller, TX 76244, United States.
American Business Systems is a business in the medical billing industry which typically solves cash flow for medical practices and doctors. Since 1994, American Business Systems has grown to become the largest company in the industry in all of the United States.
As an American Business Systems licensee, you have the freedom and flexibility of working from home and operating at your own schedule. You will require anywhere from one (1) employee to several employees (maybe about twenty five) to fully run your business.
To become accepted as one of American Business Systems licensee, you do not necessarily need to have any special education or professional licenses. All that you need to get started is to be determined, committed, and ready to fulfil the financial requirement.
You will be provided with the necessary step by step trainings you will need to get started in the business. With little communication and business networks, you should be able to start off and be on your way to having good returns on your investment
How Much does an American Business Systems LLC Cost?
To open an American Business Systems of your own, you will be required to provide a minimum liquid capital which amounts to $25,990. For veterans who qualify to be accepted however, there is a 10% discount from the license cost.
American Business Systems Franchise Fee
American Business Systems LLC is not your regular franchise; it is a business opportunity. Hence, you are not required to pay any franchise fee as part of the financial requirement. You only have to fulfil the financial requirement to be granted a business license to operate your own independent American Business Systems.
American Business Systems Startup Cost
All that will be required of you to fully open an American Business Systems is only $25,990. This is the total startup cost which you will have to pay to the franchisor.
American Business Systems Membership Training, Requirements and Support
Here are the things you will stand to benefit in terms of training and support once you become accepted as one of American Business Systems licensees:
- First, you will be provided with a five day training programme at startup which will give you the avenue of learning all you can about the business. You will be provided with such things as workbooks, DVD training, professional marketing materials, and continuous educational webinars. If for any reason you do not feel satisfied at the end of the whole training session, you will be given a 100% refund of your money.
- You will continuously benefit from the ongoing support that will be provided to you by the franchisor’s management team throughout the period of agreement so as to enable your business have a strong start.
- You will also benefit from the franchisor’s ongoing marketing system which has been put in place to support your business.
American Business Systems LLC Terms of Agreement /Renewal
Information regarding the initial terms of agreement is currently not available to the public. This information will be gotten by contacting the franchisor.
How Much does an American Business Systems Make?
How much an American Business Systems licensee can make annually depends upon a lot of such intervening factors as location and size, as well as expenses such as utilities, inventory, etc. How much you will be able to make in a year really varies from one location to another.
However, the market demand for American Business Systems services is very huge since all you will be doing is simply to help doctors make more money quicker; hence, you will record high figures in annual revenues.
Also, there is huge growth potential for your business, because, according to the United States Bureau of Labour Forecast, the health services industry is classified in the super sector of the nation’s economy for growth. The industry is such that does not experience economic recession since people always visit doctors irrespective of the economic status of the nation (whether favourable or not).
That aside; on average, you could make anywhere between $20,000 – $30,000 for every medical billing client that you handle in your business.
How to Open an American Business Systems
To open your own American Business Systems business, first you must contact the franchisor by visiting the company’s website at www.absystems.com to get more information about startup. You will be required to fill the relevant information on the online form. Also, you could reach them at 866.565.8413.