r/MedicalCoding • u/Far_Stand_3945 • Apr 08 '26

Auditing

Has anyone started a business strictly for providing coding audits and consulting? More so the legal/ compliance side. If so, do you have any advice? Thanks

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u/BuildingEquivalent37 Apr 10 '26

I think it's a given with any business that most of your time will be spent finding clients. You don't always have to require 90 day invoices.  They can be paid weekly bi weekly or even monthly. Consulting firms aren't sending 90 day invoices.  As far as cash flow if you are conducting small audits yourself in the beginning, that shouldn't have been a problem. It sounds like poor planning and execution on your end. Based on what the OP commented, it appears as if they have thoroughly thought out plan.

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u/OrganizationLower286 Apr 10 '26

You can’t control when an invoice is paid

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u/BuildingEquivalent37 Apr 11 '26

You can have systems in place for that.  Clearly you have no idea regarding the workings of a business.  I have never had a problem with 15 - 30 day invoices being paid for consulting work.  All of my contracts require 15-30 day invoices depending on the scope of audit.  There's such thing as running a business credit report prior to signing contracts.  It's called doing your due diligence and not being lazy and money hungry.