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BUSINESS
The coding expertsA federal audit inspires an Illinois physician to launch a coding business.By Tyler Chin, AMNews staff. April 11, 2005. 
Making sidelines pay
Doctors who branched out beyond running their practice tell why they did it, how they did it, and what you should know before you do it. Contribute Name: David E. Stern, MD. Specialty: Urgent care medicine. Location: Rockford, Ill. Business: Practice Velocity. The firm sells charting and coding services. Annual revenue: He and two partners are breaking even after two years. Why he started the business: In 1999, the government was about to audit his urgent care practice. Realizing that "I had no idea whether we were coding accurately or not," he became a certified professional coder. (The audit found some inaccuracies, which the clinic changed to get back into compliance, but it received no penalties.) [...]Business Pitch profiles are quick glimpses into the lives of physicians who are turning their interests outside of medicine into profitable enterprises.
Full text of AMNews content, including more about how this physician got into this business and what it's like balancing it with a medical practice, is available to AMA members and paid subscribers.
Copyright 2005 American Medical Association. All rights reserved.
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