Challenges In Laboratory Billing
Laboratories are a crucial component of the healthcare system. Healthcare providers rely on test results to make important decisions. Therefore, the biggest challenge for labs is to maintain accuracy. However, the pressure of managing a heavy workload and the complex reimbursement process make it difficult for these facilities to sustain their operations. The lab billing process varies across testing facilities and is affected by changing coding guidelines and payers’ policies. Due to these complexities, most labs make common billing errors and have high denial rates.
FAQ's
We have customer-centric approach,. we offer customizable solutions to meet the specific demands of different laboratories and payers.
It is quite affordable to outsource laboratory billing services to us. Our fee is only 2 to 5 percent of the reimbursement you receive from the payer.
It is quite expensive to establish an in-house lab billing team. The best alternative is to outsource laboratory medical billing services to us. Outsourcing is a cost-effective solution, especially for smaller medical labs.
It complies with all the payer and federal regulations. Since these rules and policies are always changing, both small and large-scale laboratories find it difficult to keep up with them.
Usually, labs are responsible for filing claims for their services. However, a physician can charge for a laboratory service if his practice or location has a certified lab.
