In August of 1998 I puchased a software package for an Electronic Medical billing business that included training and technical support that was supposed to be able to easily gross $60,000 per year. I was told by their sales representive, Mr. C that I would have no trouble getting clients who would pay for my services in numerous ways including a percentage of the amount billed.
Upon completion of my minimal training I requested to purchase my first client as promised in my contract for $1,000 so I could learn more about the business. I was told they had none at that time, but for $4,000 they would arrange a marketing/training trip in my area.
After haggling we set up a trip for $3,000 in Nov. 1998. There marketing/trainer signed three clients, one dropped out because of delays in getting a testing date with the clearinghouse to qualify me to submit claims to them and then delays in signing him up for Medicare and BC. Another hung in but since Jan. 1999 I have only received approx. 25 claims to submit. Of the twenty five claims the client was charged $22.50 for my services, which I am still waiting for payment. The third decided to start sending me claims the end of Feb. 1999. He has sent me 26 claims to submit and I have received $45.00 from him for my services.
I have been in contact with the marketing office in N.Y., they refer clients to me that also drop out or change there minds about using the services. As you can see from what I have received in payment I am not earning anything like was told to me by Mr. C. Even though I am getting paid something it doesn't even cover my expenses.
Now their phones are disconnected and I am in a hole for the software and marketing trip to the tune of $11,000 plus expenses that continue to mount monthly. I purchased this business to make money, not to lose more and more each month. In my opinion they have not lived up to their part and have left me and many others holding the bag.
I am on the verge of closing my "business" and am on the verge on going bankrupt. This has put extreme stress on me and my husband.
