Drive your lab revenue with MedStar's Laboratory billing services
Are you a pathologist looking for the finest solutions to enhance the revenue cycle of your laboratory billing? Get Medstar’s laboratory billing services for customised and adaptable revenue cycle management solutions and give your laboratory billing the new heights of success. We can handle everything from billing and collection to reporting and analysis so you get the maximized reimbursements and reduced denials. We proudly provide our dedicated lab billing support to accomplish your revenue goals.
Enhance your laboratory billing process with our customized laboratory billing strategy
Laboratory billing is complicated in this competitive environment. Billing teams have to struggle more not only in their patient claim processing but also in satisfying their patients.
They also face certain difficulties in managing payers and insurance companies. Medstar Billing Services is concerned with resolving all your clinical laboratory billing issues. We understand that there are infinite benefits to laboratory billing services.
Outsource Medstar’s lab billing and RCM services if you want to decrease time to payment and improve cash flow. Our laboratory billing services can cater for all issues or concerns of medical revenue cycle management which includes the credentialing of payers and collection of old AR.
MedStar’s lab billing services can deal with patient billing, insurance verification and collection of old account receivables. So you do not need to take the stress of your revenue cycle management challenges and take your laboratory billing to the next step towards your financial success.
Our RCM experts efficiently analyze and manage your revenue cycle to find errors and then resolve them. You can also decrease your staffing issues with the help of our laboratory billing services. By getting our professional assistance, you can streamline your all laboratory operations never miss any revenue opportunity and propel your laboratory billing to new pathways of success.
RCM audit of Laboratory billing
We want your laboratory to get the amplified value for the services. If you want to make your laboratory billing free from any errors or mistakes then communicate with our diagnostic laboratory billing expert to schedule the RCM audit. Our experts are professional and trained to identify and resolve the following issues:
Why outsource Lab billing to Medstar Billing services?
Our end-to-end RCM services for the laboratory includes
Insurance eligibility
Prior authorization
Medical billing
Charge entry
Patient statements
Denial management
Account receivable management
Payment posting
Clean claims
A/R clean up
Payer contract management
Laboratory Revenue Cycle management
At Medstar, we work on innovative and systematic approaches to providing laboratory billing services. Among all other medical billing services companies, we do not compromise on quality and make efforts for the effective processing of claims to increase revenue.
We review all the medical claims before their submission to insurance to detect any errors. The main goal of claim scrubbing is to resolve all the errors so theWe have a professional team of experts who are aware of all the intricacies of laboratory billing so you drive the growth of your revenue.
claims are not denied or rejected by the insurance companies. Our experts make efforts for the rapid scrubbing and filing of claims.
The information on patient demographics is collected regularly. After that, the collected data is then integrated into our practice management system.
Patient claims are reviewed to check for errors. This step is crucial as it ensures clean claims before submission for payment. The clean claim ratio then results in the reduced A/R and the increased amount collected.
To obtain the reimbursements, claims are then submitted to different payers.
After payment posting, our experts also track the claims so you get the accurate reimbursement of your rendered services.
Our lab billing services also ensure effective denial management. If any outstanding claim is located as past due, our experts make the claim follow-ups accordingly.
We develop a customized patient billing profile which includes statements and perform all the patient billing functions on behalf of the laboratory.
How our Laboratory billing service work
Analysis
Our experts first take a complete analysis of your practice requirements and goals amd then provide the lab billing solutions.
Signing of contract
After the complete analysis, we sign a contract and then assign you a practice manager for your laboratory billing.
Data transfer
We transfer your data to our platform for further processing.
Medical billing
The medical billing process gets initiated. Claims are processed and submitted to insurance companies.
Regular reporting & analysis
We keep an eye on the entire process and report your financial performance accordingly.
Continuous suppprt
Our experts always promptly answer all queries so you get directed on the pathway of billing success.
We maximize your reimbursements via our comprehensive laboratory billing solutions
We ensure results-driven laboratory billing solutions by providing the key performance indicators which include:
- Reduced denial rate
- Clean claim rate
- Reduced account receivables
- Net collection rate
- Eligibility and benefit verification
- Prior authorization
We ensure results-driven laboratory billing solutions by providing the key performance indicators which include:
We have a professional team of experts who are aware of all the intricacies of laboratory billing so you drive the growth of your revenue.
Laboratory medical billing for each specialty
With our full-service laboratory medical billing service, get elevated reimbursements with little effort. With our Personalized Service for Laboratory Billing, you can initiate your earning pathway for your lab and mark your presence in the laboratory industry. So reach out to our billing experts and smartly take control of your lab’s billing efficiency with our laboratory medical billing to ultimately amplify your lab revenue.
Pay attention to your laboratory & generate the revenue
We have a professional team of experts who are aware of all the intricacies of laboratory billing so you drive the growth of your revenue. With our full-service laboratory medical billing service, get elevated reimbursements with little effort. With our Personalized Service for Laboratory Billing, you can initiate your earning pathway for your lab and mark your presence in the laboratory industry. So reach out to our billing experts and smartly take control of your lab’s billing efficiency with our laboratory medical billing to ultimately amplify your lab revenue.
