Laboratory Billing Services
Laboratory Billing Services
Order and Demographic Management
Toxicology
Molecular
Clinical
Pathology
2023 Case Study Result
Started On
April 1st 2019
Review Period
1 Year
Collection Increased
$86,227.53 to $143,710.45
Revenue Increased by
66.6%
LAB MEDICAL BILLING SERVICES FOR MAXIMUM REIMBURSEMENT
Comprehensive Laboratory Billing Solutions
Full-Service Lab Billing Company & Solutions
MAdvance Billing Services offers support for all aspects of lab revenue management. Clients often start with lab medical billing, but once they see how well our system handles their claims, they add collections and then other services, particularly those that involve dealing with payers, such as credentialing, which can take a lot of time. We will also handle old AR accounts, and are very successful at getting payment for bills up to a year old. Our staff will handle payer credentialing, verification of patient insurance coverage, compliance audits, and anything else you may need.
Claims Management & Assessment
The main point of a lab medical billing service is clearly to obtain reimbursement for services you provide to patients. Our experienced billers scrub claims to eliminate errors before submitting them, greatly reducing rejections and denials. When these issues arise, our system for identifying the issue and quickly correcting it is very successful. A tremendous amount of revenue can be lost due to claims being abandoned, so regardless of the value, our system includes tracking each claim to ensure it is paid.
Collections – Old AR and Current Charges
In addition to reimbursement received directly for claims, there are often balances due from patients, collaborating providers or additional payers. We will manage all of those. Clear communication and an efficient system of our laboratory billing company combine to get much higher than usual receipts. Our handling of old AR accounts is highly successful even for balances due that are up to a year old. So, improve the billing cycle to reduce denied claims for all types of laboratories. We help improve the billing process for clinical and reference labs.
