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!!
I was going to consider this franchise
I was looking for a medical billing franchise and came across this. I am thankful i read the reviews. OMG, i just freaking dodged a bullet!
TOOK A LOSS AND LEARNED AN EXPENSE LESSON
Yes we got bamboozled by them as well. They got me for $25K – they are selling you something that belongs to another company. They take your money and then they use another companies software, we had to continue to pay for different services. I brought my back in 2013 and try to work it til 20214, they also pay people to come to the class and act like they are customers. I guess if you get $25K per person you pay some actors. What people do in the dark will always come to the light, what doesn’t come out in the wash will always come out in the rinse. I pray that they ask for forgiveness before they try to swindle the wrong person.
Grain of Salt...
Hi Everyone – I just wanted to chime in here and clarify some things. It seems the original post from “Alex” is real, the rest seem like hired workers who post negative reviews for a fee and then sites like this one can extort fees from companies to update or remove them… grain of salt as they say…
Completing our Training & Support Program is like getting a college education in medical billing and revenue cycle management. We do all we can to help folks market their business and most people can get a doctor signed up in a matter of months after training. We are seeing about a 10-12% drop out rate for people who never get clients. You can’t sell your business if you don’t have any clients. It’s like trying to sell a diploma. Someone selling their business would only have to tack on the cost of our license fee if the buyers wanted to go thru the ABS training program… not a requirement.
The 2nd post about the software and fees is simply not true at all… We have a white-labeled product that is powered by one of the top rated systems in the country! The doctors pay a small monthly fee for unlimited claims, clearinghouse, users, everything. You charge the doctors a percentage of their total revenue.
I’d hate for someone to lose out on this opportunity based on a few fake reviews… we have many verified reviews on verified websites like Google and Facebook, not to mention hundreds of interviews on our YouTube page.
www.facebook.com/pg/ABSystemsLLC/reviews/
www.google.com/search?q=american+business+systems
www.youtube.com/user/WhyABS
Anyone seriously looking into this should call many of our business owners and ask them about the business. I am happy to chat with anyone about the opportunity as well.
Adam Phillips
President
American Business Systems
wwws.absystems.com
I invested $ 19, 900.00 last year to purchase a license to use ABS medical billing software and for their support in helping build the business. I worked for about 8 months trying to build a medical billing business. I did not have luck selling any services. ABS promised to set me 5 appointments so I could get face to face with some doctors but the appointments turned out to be not face to face but just to drop off some information. So I decided to sell my license. I contacted ABS to see if they knew of anyone that wanted to buy and to see how to make it happen. That is when they told me that I could sell the license but whoever purchased it would have to pay another license fee of $ 24, 900.00 to use the software. They made my investment worthless.
I purchase a license a few years ago around $25, 000 to use ABS medical billing software and for their support in starting our medical billing company. We worked for over a year trying to build our medical billing business. We did not have luck selling ANY services. ABS Help Desk was useless – after a few calls ABS started acting annoyed that we had questions. ABS recommended methods i.e. SendOutCards – Dr. Vicki Rackner – Foam Squeeze Stress Balls – 40lbs of Junk fake Marketing material all are products they recommend to new licensees – but i’m sure they recommend these items because they are getting a kick back from these worthless services – i believe YOU are the person being worked over by ABS. They made my investment worthless. Doctors are almost impossible to convince that what your selling isn’t going to harm their practice – and i came to realize that not all Medical Markets respond the same to this type of service – in our state there are a lot less small independent doctor clinics that are open to change their Billing Serviced over to an unknown company. IMO – Look elsewhere – money NOT well spent – Hard Lesson Learned…
Wasted Money
Hi Adam, My wife and I purchased the business back in 2016 and have also experienced great difficulty in selling this product to doctors in the DC area. We, too, feel that we have wasted over 20K. I can assure you that we are not actors. Adam, what are your recommendations for my wife and I? If you truly believe that this business is reputable and worth the investment of future clients, I know that you will take the necessary steps to support my wife and I. I look forward to hearing from you Adam.