I was stupid enough to put in a whopping $19, 900 for buying a license for the usage of the American Business Systems (ABS) medical billing software. This also included their assistance and support for helping in building up the business. I worked hard for 8 months in trying to build my medical billing business. However, I was not so lucky in selling services. ABS promised 5 appointments for me in order to help me sit down face to face with a few doctors. However, these turned out to be only information drop-offs and not face to face meetings. I then thought of selling my license since I was already at a loss.
I then got in touch with ABS and asked them whether they knew any person that would buy the license that I had. I also asked for guidance on how to make this possible. The company flatly told me that the license could be sold but whoever bought it would have to shell out an additional license fee of $24, 900 in order to use the software properly. Who in the world would pay that when they were anyway buying from me? I realized the fruitlessness of it all. My investment was rendered absolutely worthless by ABS and I will never forgive them for it. To the rest of us, I would ask you all to refrain from using or buying their software. In fact, another customer also stated online that after taking the class and buying into all that hype, one will eventually realize that it is a very sophisticated and subtle rip-off. Stay away from ABS since you do not want to end up making investments that are not fruitful and will only be a waste of your time.
I lost over $20,000 due to American Business Systems. They are frauds who are providing low-quality services and asking you to SELL THOSE TO OTHERS FOR THEM. They are offering you a ‘get rich quick’ scheme and it is all a hoax. You will end up losing all your investment. They will chew you up. Those bastards are selling cheap medical billing software and they are asking you to sell it for them. If you have no experience with medical billing then you should go anywhere else. You are the perfect victim for American Business Systems.
Their website is a bait to attract simple people for investing in their business. Your initial investment of $20,000 will go in vain. They have a poor reputation in the medical sector. No doctor wants to use ABS billing system. They know how buggy and faulty their software is. I am writing this review so you can stay alert and wary of this scam. American Business Systems lies all the time. They promise to you give you extensive training for your medical billing business so you can get started. Their TRAINING IS RUBBISH. You will get the training after you have made the investment to them.
The ABS Executive will tell you that you only need to make the initial investment for the business. And that you will only have a to pay a small monthly fee for operating the business. ANOTHER LIE. The sole purpose of American Business Systems is to fill the pockets of its owner by hook or by crook. They charge $200 per month for processing 300 claims in a month. After that, they will charge $1.25 per claim if the quantity stays below 500. Above that, you will have to pay $1 per month per claim.
Can you guess how much it is? Let’s do the math. If you process 400 claims in a month, you will end up paying $200 for the regular monthly fee along with $125 as the additional fee. This means you will have to pay extra for generating extra business. This is BS. Other companies charge less than a $100 per month no matter how many claims you get.
Generating business with American Business Systems is a herculean task. You don’t know the true reputation of this company in the market. Nobody wants to use this company’s software for medical billing. When I tried selling the services of American Business Systems no doctor agreed. They all told me that it is a low-quality software which costs a lot more than it should. They told me that I should have gotten a competitor’s services. I would have been better off. I contacted ABS for help but they said they don’t take responsibility for my business. The executive told me that his job was only to provide me with the software and the training. I was left alone to manage the claims and to suffer all the losses. Even when I wasn’t generating any business, I was supposed to pay them their minimum monthly fee of $200.
DON”T EVER DO BUSINESS WITH AMERICAN BUSINESS SYSTEMS. They are frauds. I lost my $20,000 and I will never recommend them to anyone.
Omg, that’s crazy
I too lost with this investment.
If you don’t have an independent physician in your back pocket ready to go with you then good luck. I hit the road visiting offices, cold calling…….. hired a marketing team to help for a couple months even.
This is not for everyone so do your research!!