Say Yes to Seamless Clinical Lab Billing and No to Revenue Loss
Clinical Laboratory is where the diagnosis of different diseases is done through a series of examinations from the patient’s fluid. A clinical laboratory is a vital part of the hospital’s diagnostic department, serving as the main component for precise patient treatment and health decision-making. There are further types of the clinical lab serving 24/7 services to the hospitals. For every laboratory, handling clinical lab billing requires detailed information from certification information of the lab to the finances related to the hospital. Clinical lab medical processes are billed under the contractual agreement between the healthcare center and the physician. Let’s have a look at different challenges by highlighting the role of the leading medical billing company in this process.
Modifiers and Coding in Clinical Lab Billing
ICD-10-CM coding is used for the detailed clinical lab examinations. Non- specific codes which are not the part of the ICD-10-CM cannot be implemented for the clinical lab procedures. For instance, CPT-4 modifiers and codes would be different for HIV testing, hepatitis, and other important diagnosis. At A Medi Solution, we have expert team who knows everything about modifiers. Clinical Lab Procedures often include unbundling and bundling of the services as which requires detail understanding about the compliance and policies. Our team has an extensive experience and specialization which allows them to deal with potential issues and address them on time!
Management of the High-Volume Claim Processes
Likewise continuous procedures come with the laboratory test, billing never comes alone. The sheer volume of the steps in billing process from delays, errors, audits, regular follow ups to revenue leakage; how A Medi Solution provides the detailed solution?? Each claim managed by our team contains precise entry of the data and timely submission of the claim. We know that even a small error can snowball the risk of delayed claims. Want a disruption in your cash flow?? Who wants it?? Once claims submitted by our team to the insurance companies, we make sure to track and monitor the progress on daily basis following effective communication strategies. A question clicks suddenly…. Any healthcare center has enough facilities to manage it?? Why A Medi Solution??? We have expertise to deal with medical billing, enough resources (highly trained personnel with certifications and technology). With your unique challenges, we have unique solutions!! No matter how large the volume of work is… We manage everything!!
Handling Denials and Swift Prevention by “A Medi Solution”
Insufficient documentation???? No Follow-Ups??? Denials from insurance companies based on the insufficient information provided by the healthcare center or clinical lab. Our experts follow the proactive approach in this regard. If any denial occurs, our team acts instantly to deal with the issue. What is the exact difference that we made? We reduce delays in the claims so that you receive maximum reimbursements at the faster rate and more consistently. This ultimately improves your revenue management cycle. We never believe in implementing short term strategies so that you can get quick money and later on it can hurt your reputation. Our approach is long- term, away from shortcuts and leads your brand towards good reputation, financial stability and effective patient care. Are you ready to say goodbye to denials?? Secure your brand’s reputation with Expert Clinical Billing Solutions!
Expertise in Dealing with Multiple Payers: Variability in Payment Methods; One Solution
Is Billing Process draining your mental health and finances? Want to experience top-tier clinical lab billing services?? Here we go!! Our billing team can completely understand the nuances while dealing with the payment variability conditions across different insurance companies. Different documentation, changed reimbursements rates and difference in coding can cause delay in billing processes. We customize our billing services as per the requirements of different payers ensuring that claims are handled precisely and effectively without any complexity. Our experts thoroughly conduct research on different types of payers and how to deal with them. We provide personalized trainings to our personnel. Dealing with the mindset of the insurance companies, understanding their calculated conversations and strict regulations is not an easy task!! A Medi Solution knows how to handle it. We believe in adaptation; we know how to handle multiple payers! Optimize your revenue and watch it grow!
Why Choose A Medi Solution???
What sets apart is our extensive research on every aspect of clinical lab billing from understanding multiple payers regulations to ever- evolving coding requirements. With a slight change in billing trends to the introduction of new technology, we always take swift actions to keep you informed from industry trends. We know that your lab deserves the best; partner with us for the seamless billing experience. By collaborating with us, you can take the charge of your success because we know that no one can understand your brand better than you! Let’s Talk!