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Updated RecentlyCybertary vs American Business Systems Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cybertary vs American Business Systems including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $40,000 - $78,000 | $27,990 |
| Franchise Fee | $37,500 - $60,000 | N/A |
| Royalty Fee | 5%/ Min.$400+$100 Technology Fee/month | - |
| Advertising Fee | 1%/ Min.$20/Mo. | - |
| Year Founded | 2005 | - |
| Year Franchised | 2006 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | An extensive 4-binder Training & Operations set of manuals; 4 days of intensive training in the corporate headquarters | * One Seat at Live Training Workshop in Dallas, Texas * Live Training DVD set * Online Internet Training through our Private Licensee Support website * Live Telephone Training * Online Licensee Discussion Forum * As part of your ongoing support, ABS holds weekly webinars and conference calls that inspire, educate and motivate our Licensees. Here are some of the topics we have in development: o Success Stories from Actual ABS Licensees o How To Build Your Business Profitably o How To Make Sure You Get LOTS of Referrals o Preparing Proposals and Pricing To Get The Account o How to Perform a Perfect Practice Analysis o How to Get The Account Once The Proposal Has Been Delivered o How Our Services Apply to General Businesses o How to Hire, Train and Pay Commissioned Sales Reps o How to Keep Track of Your Prospects So They Call YOU When They Want to Outsource o Role-playing Provider Responses o Using the iClaim Online Scheduler o How to Promote and Give a Live Provider Seminar or Webinar o How to Get All the Clients You Want With Trade Shows o Basic Terminology for Medical Billers o Effective Use of the AutoCard o How to Market the ChoicePay system Effectively o How to Follow the Life of a Processed Claim o How ABS Can Help You Succeed in Medical Billing o Role Play on The First Appointment o Role Play on the Second Appointment and the Proposal Presentation o Why Practices Need the AuditGuard service o Marketing the QuickCollect Service o How to Get Past the Office Manager o Touring the Licensee Support Site: How to Find What You Want o Three Keys to Success in Medical Billing Medical Billing Home Study Course The Medical Billing Home Study Course is a 600 Page Course book, designed to teach you everything you need to know to get your billing business up and running, as well as teach you the intricacies of billing and coding. This book is the equivalent of taking a college course on the subject. |
| Support | 90 days of weekly one-on-one coaching sessions to build your business; Unlimited and ongoing continuing education resource for expanding their technical skills and services through a self-paced, web-based training system. | - |
| Marketing | Complete marketing startup package including business cards, brochures, portfolios, note cards, logo shirt, and auto signage. | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Cybertary
Do you want to help small business owners reach their goals? Would you like to work independently but with the support of a skilled collaborative team? Do you enjoy diversity in your day-to-day work? Are you looking for a values-based business model that provides opportunity to achieve work/life balance? If so, Cybertary may be the perfect franchise for you. Cybertary owners consult with businesses to identify administrative challenges and can tap into a team of Cybertary virtual assistants (VAs) to help fulfill the client's needs. It's the perfect, flexible career for those with professional backgrounds in management, business development, financial services or sales and marketing. If you enjoy developing and shaping professional success, join the Cybertary team today. We can provide you the training and support you need to grow your own successful business while helping other businesses reach their full potential. Why Cybertary? * Onsite training, ongoing coaching and unlimited online continuing education * Complete marketing startup package including business cards, brochures, portfolios, note cards, logo shirt, and auto signage * Personalized website and monthly branded newsletter * Exclusive marketing territory * Proprietary Intranet for easy access to secure workload management, messaging, shared calendar, contact management, document storage, discussion forums, and more * Nationwide network of skilled Cybertaries become franchisees extended team * Accounting system, sample business plan, marketing plan, and rate guidance to help set a firm foundation for success * Work From Home at a Professional Wage with a Flexible Schedule
About American Business Systems
THIS IS NOT A FRANCHISE THIS IS A LICENSEE OPPORTUNITY Our complete training and support package includes web-based billing systems, professional marketing materials, live workshops, video training, lifetime technical and marketing support, ongoing live webinars and conference calls. No experience is necessary, and no additional training or certification is needed. In addition to Lifetime Support, Training, and Marketing Materials described here, when you join ABS you will receive the following exclusive products: *Electronic Medical Claim Filing *Electronic Medical Records *Patient Payment Plan *Medicare Audit Protection *Medical Coding Service *Web-Based Document Management System *Be the "One-Stop" Solution for Your Clients.
PhysicianToolbox is a suite of third party services designed to allow you to say "YES!" to the operational needs your clients may have. We want our ABS Licensees to be able to provide solutions for every aspect of practice management. Here is a short list of Services you can say "YES!" to: * Transcription * Credentialing * Patient Appointment Reminders * Automated Lab Results Hotline * Continuing Education