Short Course on – Getting to Square 1

September 15, 2019

Miscellaneous

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A Guide to Laboratory Billing Systems

There are a lot of things to take care of at a busy medical lab. There will be more patients coming to your lab, then to a physician’s office or any other places for patients. Many of these patients go to the medical lab in order to have tests done to them as ordered by their doctor.

Medical staff working in a lab is not the same as staff working in a doctor’s office. Taking samples and analyzing them is the main job of staff in a medical lab but the staff in a doctor’s office have a different job. There is more foot traffic inside a medical lab than in a doctor’s office.

In your medical lab, in order for the staff to work quickly and efficiently, there is a need to computerize your operations as much as possible so that everything will be kept organized. And this is the reason why billing software designed for labs can improve your financial operations which can help you collect more payments in a faster way.

Laboratory billing systems are specialized solutions to the financial standing of a lab that provides medical testing for patients; it can also help make the job of staff faster. Laboratory billing systems are not like medical practice billing systems since they are designed uniquely for lab requirements.

If you want to know how a laboratory billing system works, then check it out below.

One of the uses of the software is for scheduling appointments with patients in the office or over the phone. With the use of the software, patient’s can determine whether they are eligible for insurance to avoid surprises in the end.

All your patient’s claims can be viewed in real-time. You can easily edit and resubmit denied claims directly from the software. The quick way that revenue comes in makes your lab remain profitable.

With the help of you lab billing system’s reporting feature, you can easily report your PAMA data. Now with the lab billing software reports that you will be needing for your weekly, monthly, quarterly and annual meetings can easily be generated. The lab billing system can also handle accounting and sales commission data and financial and management KPIs with ease.

In your lab billing system, you can also find Laboratory Information Systems or LIS. A single solution is created for all of your lab data with LIS integration. Now it is also possible to integrate with other systems in your facility and this is because of data conversions from existing systems.

Billing software and billing services are the two varieties of laboratory billing solutions you need to focus on. In order to choose whether you will commit to billing software or billing services, it is important to compare the two varieties.

Laboratory billing software provides numerous efficiencies and improvements over paper-based and generic software solutions. Your billing services are outsourced to an expert third party in laboratory billing services. And since billing service spends all their time on lab billing, they can process your claims faster than people on your own staff could.

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