We Specialize in Providing a Full Suite Of
RCM & LABORATORY BILLING SERVICES
How Our Laboratory Billing Services Optimize Your RCM
Every lab is different so our services are customized to each client’s needs. With over a decade of laboratory medical billing experience, we have developed a highly efficient system for claim scrubbing, submission, reimbursement & management.
What Does Laboratory Billings Offer?
As one of the leading medical billing companies for labs, we can streamline your RCM and give your business an edge with maximum reimbursements. Here are some of the factors that help us assure your success.
- 90% claims first pass rate
- 7-14 days turnaround time
- 8% decrease in AR within one month (on average)
- Flexible (electronic health record) EHR solution
- Dedicated account managers
- Real-time analytics and reporting
- Custom interface with our proprietary practice management software
- 97% client retention rate
- 50k+ medical claims processed every day
Streamline Your Laboratory Medical Billing Process with Our Expert Company
Streamlined Lab RCM
Our laboratory medical billing company support all aspects of rcm, including streamlining laboratory operations to optimize workflows. Our clinical laboratory coding solutions reduce inefficiency, speed up payments, and improve cash flow. The benefits you’ll see are faster growth, increased revenue and reduced accounts receivable. Our laboratory medical billing experts provide unparalleled expertise, innovative technology solutions, & insightful guidance on optimizing your entire revenue cycle management process. Sounds Exciting? Then let LBS be your partner.
Benefits for Clinical and Reference Labs
Our revenue cycle experts understand the complexities of coding changes, clinical and reference labs. In addition to improving overall collections, we offer customized lab billing solutions to match your specific needs. Our accurate lab coding, pre-submission claims review, and efficient payment posting improve your revenue cycle performance. This partnership leads to more success and less stress because you can focus on your core business operations while we manage your lab billing and coding.
Schedule a Call or Let’s Connect
If you need a reliable lab billing provider, let’s have a conversation to see how we might work together. Let us know when is a good time for you and we’ll give you a call, or you can call us now at 800-640-6409.
Successful Revenue Management
Our combination of industry experts, advanced analytics, and the latest technology set us apart. These provide us with the actionable insights that allow us to help our clients simplify complicated administrative workflows. From filing clean medical claims to patient collections, our teams efficiently manage the workload while keeping our clients fully informed on all aspects of their revenue.
We use data analytics to generate financial reports that make you aware of RCM patterns in your business.
Good management depends on having correct information, and we make sure our clients get the full picture with good data and transparent reporting.
We track KPIs to monitor the efficiency of your lab billing system and benchmark performance against industry standards
What’s the secret to successful business administration? These days, high-achieving organizations worldwide are leveraging the power of “big data.”
LBS strives to be one of the most innovative laboratory billing companies and is constantly updating our technology. Our advanced LIMS (Laboratory information management system) is designed to organize your data throughout the lab revenue cycle system, including denial & AR recovery services. Our clients find our interoperability connectors and API services invaluable as they are able to seamlessly connect Laboratory Billings to lab information management systems (LIMS), giving you a single source for data entry.
Laboratory Billing Services
Laboratory Billings provides HIPAA compliant billing services. Our certified laboratory medical
Coding specialists are well-versed in HIPAA protocols and guidelines.
We safeguard protected health information (PHI) with a state-of-the-art network. All data management is in compliance with the guidelines of the Department of Health and Human Services (HHS), Centers for Medicare & Medicaid Services (CMS), and Affordable Care Act (ACA). Admire our dedication? Then choose LBS as your trusted laboratory billing company & forget about potential compliance issues.
You Serve, We Collect
Due to the rising demand for services, there is tremendous potential for healthcare businesses to boost their income. Is your medical lab generating enough revenue to achieve your business goals? If not, better medical billing solutions will help.
We offer laboratory medical billing to help you overcome the challenges in all aspects of your rcm. We can even perform as an extension of your office to provide insurance verification and credentialing. Want to take a step forward towards your financial success?
Look no further than our expert laboratory billing services.
LBS has an experienced team dedicated to our account. They are attentive and quick to follow up when we have questions or concerns. After working with other billing companies, we feel fortunate to have a partnership with Laboratory Billings.
We are glad to have partnered with Laboratory Billings as they consistently exceed our expectations and have transformed our business operations to enhance customer experience, revenue streams, and overall business growth.