• If this is your first visit, be sure to check out the FAQ & read the forum rules. To view all forums, post or create a new thread, you must be an AAPC Member. If you are a member and have already registered for member area and forum access, you can log in by clicking here. If you've forgotten the password it can be reset on our sign in section by entering your registered Email Address or Username here. To start viewing messages, select the forum that you want to visit from the selection below..

Wiki What does "contract" mean?

Create Wiki
L

LoveAndLight

Guest
Messages
41
Best answers
0
I just took a remote entry-level position with Verisk and I'm on a 4 month contract. Can you explain how "contracting" works?
Thank you so much!!
Jenny:)
 
Last edited:
They should have provided an in writing "contract " which outlines the details of your working relationship. evnt the small stuff as to how you will be paid and how often , is it direct depost etc. How many records to they expect in what time frame, In otherwords .. all the details. If you do not have a written contract how are you going to know what to expect and what to hold them to. That is a contract... and your are more than likely considered self-employed which should also be detailed in the contract, so you will receive a 1099 for filing taxes. Or are you a salaried employee and if so then what are the expectations.
 
mitchellde said:
They should have provided an in writing "contract " which outlines the details of your working relationship. evnt the small stuff as to how you will be paid and how often , is it direct depost etc. How many records to they expect in what time frame, In otherwords .. all the details. If you do not have a written contract how are you going to know what to expect and what to hold them to. That is a contract... and your are more than likely considered self-employed which should also be detailed in the contract, so you will receive a 1099 for filing taxes. Or are you a salaried employee and if so then what are the expectations.
Click to expand...

Thank you! I will be paid hourly. One more question, should I seek a new job while still employed? In other words, will I be out of work in 4 months because my contract will be done?
 
Answer to your Question

You will be out a job in 4 months because that is what contract coding is. During periods of heavy coding need - now- you will be working as much as you need. If you said you would work 40 hours make sure that you do that because contract companies are very picky with that.
If it were me, I would continue searching for a job, but work this one so you are getting paid and gaining experience. This job is doing HCC Coding which is using ICD-9 codes. Make sure to get all the details on how many records you are required to complete per hour, what the error percent will be because that is very important as well.
Some companies provide you a computer to work on the system so make sure you ask that as well. Did you fill out W-2 forms? If so, then you are not working as a 1099 coder, and you will be paid with taxes taken out. If you did not fill out any W-2 forms (State or Federal) then you are a 1099 employee and you will need to claim at the end of the year.

Good luck to you. Hope I helped with some of your questions.
 
Barbara Wilson said:
You will be out a job in 4 months because that is what contract coding is. During periods of heavy coding need - now- you will be working as much as you need. If you said you would work 40 hours make sure that you do that because contract companies are very picky with that.
If it were me, I would continue searching for a job, but work this one so you are getting paid and gaining experience. This job is doing HCC Coding which is using ICD-9 codes. Make sure to get all the details on how many records you are required to complete per hour, what the error percent will be because that is very important as well.
Some companies provide you a computer to work on the system so make sure you ask that as well. Did you fill out W-2 forms? If so, then you are not working as a 1099 coder, and you will be paid with taxes taken out. If you did not fill out any W-2 forms (State or Federal) then you are a 1099 employee and you will need to claim at the end of the year.

Good luck to you. Hope I helped with some of your questions.
Click to expand...

Thank you! I haven't, as of yet, filled out a W-2. I have done the I-9 and the paper work said I will need to fill out a W-2 but I haven't received it yet.
 
You must log in or register to reply here.
Top