4 Approaches For Toxicology Labs To Cut Back on Revenue Leakage
The root cause of unstable profitability in the lab business is revenue leakage. Any bigger or modest holes in the accounting and operational procedures become a hotspot for leakages. It significantly influences the overall practice operations and effectiveness of...
Why Billing Solutions Are Important aspect of value-based care?
The US healthcare authorities have been emphasizing the medical industry to shift their practices towards value-based care models since 2018. Therefore, healthcare providers need sufficient resources to make sure that they deliver quality patient care services. For...
Efficient Lab Billing System_A key to Pursue Your Long-Term Financial Goals
Whether you are running an independent or associated lab, it's not easy to reach the point of financial success. Because it takes a lot of time and effort to achieve and maintain the economic stability of your lab business. Moreover, just because your lab business is...
Common billing mistakes by labs & How to Remove Them?
Ever-changing insurance policies, federal laws, billing and coding guidelines. These factors have made the laboratory billing services extremely complicated than ever before. As a result, mistakes have become a normal phenomenon. But if you don't take the frequent...
Can Doctors Perform A Drug Test & Charge Lab Bill Without Consent Of The Patient?
Although, medical lab professionals usually don’t ask for the consent of the patient before carrying out any test. However, they conduct these tests while considering the technical limitations and medical necessity of the test. But when it comes to substance abuse/...
5 Out-of-the-Box Ideas to Strengthen Your Laboratory Practice
It’s a reality that scaling your business is not an easy thing. It takes considerable efforts. In the beginning, healthcare providers have to wear too many hats. They have to interact with patients and manage non-medical obligations such as coding and billing...
How Can You Optimize Lab Revenue Cycle Management & Never Leave A Single Dollar Uncollected?
Have you ever felt so overwhelmed when it comes to managing the paperwork at the time of a patient’s arrival? The bureaucracy and behind-the-scenes mechanisms involved in the lab revenue cycle management system have become much more complex than the previous...
Make Your Clinical Lab Business In Line To The Throne With Efficient Billing Solutions
It requires great expertise and knowledge to handle the business operations of clinical laboratories. If practitioners would acquire efficient clinical lab billing solutions then they can accomplish their goal of revenue generation. With streamlined billing...
A Complete Roadmap to Improve Your Toxicology Lab’s Efficiency and Productivity
Have you ever wondered that although you have a considerable customer-base still your accounts suffer from bad debt? On the other hand, another toxicology lab near you has comparatively less loyal customers but they are happy with their earnings. When we studied the...
How Pathologists Can Increase Their Source Of Income? An Expert’s Point Of View!
It's always been a challenge for medical laboratories to increase their profit margin. Whether it is an independent or associated lab_ the challenges are always there. However, in this article, I have particularly featured those solutions that can help pathologists to...
