Results 1 to 6 of 6

Thread: What does "contract" mean?

  1. #1

    Default What does "contract" mean?

    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 by LoveAndLight; 10-19-2013 at 12:32 PM.

  2. #2
    Join Date
    Apr 2007
    Location
    Columbia, MO
    Posts
    11,897

    Default

    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.

    Debra A. Mitchell, MSPH, CPC-H

  3. #3

    Default

    Quote Originally Posted by mitchellde View Post
    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.
    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?

  4. #4

    Default 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.

  5. #5

    Default

    Quote Originally Posted by Barbara Wilson View Post
    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.
    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.

  6. #6
    Join Date
    Apr 2007
    Location
    Los Alamitos CA
    Posts
    116

    Default

    means the project you were hired for will only last for 4 months, usually these position are called PRN= whenever needed.

Similar Threads

  1. """Looking for on Remote coding Possition""".
    By yeima26@yahoo.com in forum Resume Postings
    Replies: 2
    Last Post: 06-15-2014, 10:13 PM
  2. "Double-Dipping" article in "Cutting Edge"
    By ollielooya in forum Medical Coding General Discussion
    Replies: 9
    Last Post: 08-12-2013, 01:59 PM
  3. "Physician Scarcity" ? " AR " MEDICARE CODE
    By tialaurie in forum Modifiers
    Replies: 0
    Last Post: 10-28-2010, 09:30 PM
  4. Trying to code "interstitial prominence" and "peribronchial thickening" using 2007
    By vazquecj in forum Medical Coding General Discussion
    Replies: 0
    Last Post: 03-10-2010, 07:39 PM
  5. Chief complaints: "URI" / "Flu-like symptoms"
    By phillipmanning in forum Emergency Department
    Replies: 2
    Last Post: 11-23-2009, 10:26 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Enjoying Our Forums?

AAPC forums are a benefit of membership. Joining AAPC grants you unlimited access, allowing you to post questions and participate with our community of over 150,000 professionals.

Join Now Continue Reading Without Full Access

Already a Member?

Login

Close Message

In addition to full participation on AAPC forums, as a member you will be able to:

  • Access to the largest healthcare job database in the world.
  • Join over 150,000 members of the healthcare network in the world.
  • Be a part of an industry leading organization that drives the business side of healthcare.
  • Save anywhere from 10%-50% with exclusive member discounts on courses, books, study materials, and conferences.
  • Access to discounts at hundreds of restaurants, travel destinations, retail stores, and service providers. AAPC members also have opportunities to save on heath, life, and liability insurance.
  • Become a member of a local chapter and attend regular meetings.