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Laboratory Billing

Maximize lab revenue with streamlined Laboratory Billing Services

  • From payer credentialing to old AR collection, Medsurebilling's lab billing services address every facet of medical revenue cycle management (RCM). Laboratory medical billing services can be purchased alone or as part of a fully configurable package that may include medical coding and billing software, insurance verification, patient billing, and collections of past due accounts, among other things.
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Our Laboratory Billing Services

  • Order & Demographic Management
  • Toxicology
  • Molecular
  • Clinical
  • Pathology

2019 Case Study Results

  • 1st April
  • Started On
  • 1 Year
  • Review Period
  • $86,000 to $144,000
  • Collection Increased
  • 66.6%
  • Revenue Increased By

Lab Medical Billing Services For Maximum Reimbursement

  • Medsurebilling’s expert billing for medical laboratory services includes scrubbing and submitting claims within a few days, then tracking all claims until they are paid, resulting in greatly increased revenue.
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Comprehensive Laboratory Billing Solutions

  • In order to generate significantly more money, Medsurebilling's professional billing for medical laboratory services involves cleaning and filing claims in a matter of days, then monitoring each claim until it is paid.
  • Full-Service Lab Billing Company & Solutions

Support for every facet of lab revenue management is provided by Medsurebilling. After seeing how well our system manages their claims, clients frequently begin with lab medical billing before moving on to collections and other services, especially those that require interacting with payers, like credentialing, which can be time-consuming. We are adept in collecting payments for bills that are up to a year old, and we will also take care of old AR accounts. Payer credentialing, patient insurance coverage verification, compliance audits, and any other requirements you may have will be handled by our experts.

  • Claims Management & Assessment
Getting paid for the services you offer patients is undoubtedly the primary goal of a lab medical billing business. By proofreading claims to remove errors prior to submission, our skilled billers significantly lower the number of rejections and denials. Our method for locating the problem and promptly fixing it works incredibly well when these problems occur. Regardless of the value, our system tracks each claim to make sure it is paid because abandoned claims can result in a huge loss of revenue.
  • Collections – Old AR and Current Charges
There are frequently amounts owed from patients, cooperating providers, or other payers in addition to the direct reimbursement for claims. All of those will be handled by us. Our laboratory billing organization has an effective system and clear communication, which results in revenues that are significantly more than usual. We have great success with old AR accounts, even when it comes to balances owed that are up to a year old. Enhance the billing cycle in order to decrease the number of rejected claims for all kinds of labs. We assist in streamlining clinical and reference lab billing procedures.
  • EHR/EMR Integration
Effective billing and RCM procedures are necessary to prevent claim denials because of coding errors; yet, the expense of maintaining this type of information system can be too high for labs. The fact that you won’t have to worry about staying up to date with payer regulations and coding changes is one of the biggest advantages of using an independent laboratory billing service. Our software can be used alone to handle all facets of patient data and revenue management, or it can be linked with your current practice management, EHR, and EMR solutions.
  • Always Up to Date
The coding and billing teams at Medsurebilling are highly trained and experienced, but ongoing training is part of our business model, to keep everyone up to date on code changes and new payer requirements. Staying informed about coding and payer updates is crucial to maximizing revenue potential. A final step in our claims management process that helps us really stand out is tracking down the source of the error that caused the rejection or denial, and re-training the responsible party to make sure errors are not repeated. So, our lab billing solutions can optimize your billing process substantially.

The Lab Business Isn’t Getting Any Easier

  • Make use of Medsurebilling's laboratory experience to boost productivity and earnings. In the laboratory services industry, business development is essential for fostering customer relationships and growth.
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  • Detailed and Transparent Reporting
When you work with Medsurebilling for your laboratory medical billing solutions, you will be able to avoid the time-consuming and frequently tedious tasks while still being aware of your revenue. Our reports are regularly presented and are intended to keep you informed about a number of key performance indicators (KPIs), such as how long it takes to get paid and how the accounts-receivable balance is doing in relation to the value of services rendered. For instance, you will notice that you are getting paid more quickly and that the percentage of unpaid bills decreases after working with us.
  • Benefits of Outsourced Lab Billing

When done correctly, lab billing can greatly relieve a lab’s burden. Labs can concentrate on providing patients with high-quality care by outsourcing that procedure to a business that specializes in it. This implies that you can delegate the billing process to the professionals and allow them take care of the laborious, meticulous tasks of filing claims, following up on rejected claims, and monitoring accounts receivable. A quality lab billing business can excel in this situation. They provide certified coders and cutting-edge technology to guarantee clean claims and optimal earnings. More cash flow is the main advantage that results from all of this.
Working with an independent lab billing supplier gives you that advantage. You continue to do what you do best, and they take care of the rest. Your primary focus is on patient care. It’s their billing. You can guarantee that your patients receive the care they require and that your company receives the money it is due by cooperating.

We offer complete and customized billing and AR management services to meet your needs.

  • We will process and collect your accounts receivable and offer full accounting services.
  • We will offer you cutting-edge medical software and physician practice management services at a very reasonable cost.
  • To make sure everything goes as planned, we place a Medsurebilling Regional Manager in your office.
  • The Medsurebilling process can also work with payroll, coordinate benefits, and provide your office with human resource services.

Our Services

  • Medical Billing Collections
  • Physician Billing
  • Staff Administration
  • EMR/EHR-Integrated Accounting
  • PPO Contracting
  • Financial Analysis & Reporting
  • Physician Credentialing with Coding Evaluation
  • EMR/EHR Custom Template Design
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Frequently Asked Questions

In the healthcare sector, lab billing is very important, particularly for reference labs, medical laboratories, and pathology offices. It involves filing claims to payers and insurance organizations in order to get paid for the laboratory services that patients have received. Effective lab billing requires a thorough understanding of revenue cycle management (RCM), coding services, and medical billing. Lab billing firms that specialize in offering lab billing solutions to help labs increase income and streamline their billing process include Medsurebilling.

Patient data collection, service coding, claim submission, and denial handling are the processes in the lab billing process. To expedite the billing process and guarantee that claims are filed promptly and accurately, lab billing companies employ specialized billing software. The billing process also requires knowledge of payer policies, charge schedules, and regulatory requirements. Lab billing firms' knowledgeable employees collaborate closely with customers to guarantee that claims are processed more quickly and that income potential are optimized.

Experience is key when it comes to lab billing. A lab billing company with years of experience can provide valuable insights and expertise to help labs navigate the complex billing process. Experienced staff can help labs avoid common mistakes like denied claims and delayed payments and ensure claims are submitted correctly and paid promptly. By partnering with an experienced billing company, labs can trust their billing is in good hands and focus on patient care and growth. A live demo of a lab billing system can also help labs understand the benefits of outsourced billing and how it can improve their revenue cycle.

For the most part, text messaging should be considered safe and effective. There are many ways that texting can improve communication.

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