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How Does LBS Optimize your revenue cycle?

Why Our Lab Billing Services For Your Practice?

Laboratory Billings offers efficient laboratory billing services and oversees all aspects of revenue cycle management. Our feasible and cost-effective solutions are tailor-made to meet the individual lab’s needs.

What Does LBS Offer?

We are one of the leading medical billing companies for labs that can help you gain an edge & streamline RCM with:

  • 90% claims first pass rate
  • 50k+ medical claims processed everyday
  • An average of 8% decrease in AR within a month across all specialties
  • EHR flexible solution
  • Dedicated account managers
  • Real-time analytics and reporting
  • 7-14 days turn around time
  • A 97% client retention rate custom interface with our proprietary practice management

Evaluate The Growth Of Your Business

Boost Your Lab RCM Cycle

We help you solve all the revenue cycle management challenges and maximize reimbursements from payers. In addition, our lab billing specialists help streamline laboratory operations to optimize workflows. Reduce inefficient financial cycles, speed up payments, and improve cash flow with our laboratory billing solutions. Similarly, our expertise helps you grow faster, elevate revenues, and reduce accounts receivable. Get paid for every claim with us.

Empowering Clinical and Reference Labs Financially

Our experts understand the complexities of both clinical and reference labs. Similarly, we make sure nothing hinders the revenue growth of clinical and reference labs. The laboratories can improve overall collections with our revenue cycle experts. In addition, we offer customized lab billing solutions according to your needs. Our accurate lab coding, proactive claims review before submissions, and payment posting help you improve revenue cycle performance. So, focus on core business operations and let us manage your billing.

Schedule a Demo

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Towards Financial Resilience

Incredible RCM expertise set us apart. But that’s only half the story. By bringing together industry experts with diverse data sets, advanced analytics, and best-of-breed technology, we assist our clients to simplify the complicated administrative workflows and deliver actionable insights to the health revenue leaders. From filing clean medical claims to patient collections, our teams are at the forefront to propel your business growth. Learn how Laboratory Billings supercharges the entire revenue cycle and keeps its clients in the loop.

Track KPIs

We convert your raw health data into KPIs to gain a complete understanding of how your revenue cycle system doing.

Analytical Reports

Our comprehensive financial reports powered by data analytics, keep you informed about your current RCM patterns.

Data Integrity

Nothing is more important for us than ensuring integrity, security & transparency of your confidential health data.

Benchmark Results

We track KPIs to measure efficiency of your lab billing system & benchmark performance against industry standards.

Proactive approach

We put actionable data at your fingertips, helping turn insight into action & enabling you to plan for the future.

Strategic Partnership

Partnering with LBS delivers better results, supports long term strategies & allows you to remain financially viable.

Streamlined Workflow

Do you know what is the secret of a successful business administration? Every organization around the world that has high goals to achieve always leverages the power of “Big Data”. Since LBS is one of the most innovative laboratory billing companies.

Therefore, it offers the right solutions that can help you organize data in a well-structured way. Our advanced LIMS (Laboratory information management system) is designed to organize your data flow throughout the lab revenue cycle management system like denial management & AR recovery services.

HIPAA Compliant 
Laboratory Billing Services

Laboratory Billings provides HIPAA-compliant billing services. From a business point of view, we conduct a risk assessment within organizations. Our certified laboratory medical billing specialists are well-versed with HIPAA protocols and guidelines.

Just like the most reliable lab billing companies, we safeguard protected health information (PHI) with a well-secured communication network. We prosper the value of your practice digitally as per the guidelines of the Centers for Medicare & Medicaid Services (CMS) and Affordable Care Act (ACA).

with LBS?

Due to the rising demand, there is tremendous potential in healthcare practice to boost its income growth. Is your medical lab generating enough revenue to achieve your business success goals? If not, then you should immediately acquire better medical billing solutions.

Laboratory Billings offers all-in-one laboratory billing solutions to help you overcome all the challenges. We are focused to drive high financial conversions for medical labs with greater insights. Because we perform as an extension of your office to provide you advanced and highly converting laboratory billing solutions.

Recent Blogs

Top Healthcare Trends in 2023

Top Healthcare Trends in 2023

Healthcare organizations had to revisit their revenue cycle after the COVID-19 impact as they have to take care of more patients. In addition, the relaxation in the social distancing leads to greater number of patient visits to medical practices. Similarly, labs and...

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Top 10 Common Medical Billing Issues and Their Solutions

Top 10 Common Medical Billing Issues and Their Solutions

The issue of medical billing is one that impacts each and every one of us who work in the healthcare business. Problems can arise from a variety of sources, including problems with claims and payments, a lack of cooperation from patients, and faults in the software...

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