Laboratory Billing – Elite Healthcare Solution

Maximize lab revenue with streamlined Laboratory Billing Services

Elite Healthcare Solution lab billing services cover all aspects of medical revenue cycle management (RCM), from payer credentialing to old AR collection. Laboratory medical billing services are available as a standalone offering or in a completely customizable package that may include insurance verification, patient billing and old AR collections, medical coding and billing software, and more.

Our Laboratory Billing Services

Order & Demographic Management

Toxicology

Molecular

Clinical

Pathology

2019 Case Study Results

Lab Medical Billing Services For Maximum Reimbursement

Elite Healthcare Solution 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.

Comprehensive Laboratory Billing Solutions

Utilizing a laboratory billing service can enhance the efficiency of laboratory operations by streamlining revenue cycle management and tackling challenges such as changing insurance policies and maximizing revenue opportunities.

Unlike many medical billing service companies that only service high-ticket providers, Elite Healthcare Solution innovative approach works perfectly for lab billing solutions where a high volume of low-dollar claims need to be processed. The efficiency of our system allows us to quickly scrub and file thousands of claims, typically within 48 hours, and includes a manager assigned to each client who will track all claims, making sure each one gets reimbursed.

EHR/EMR Integration

In order to avoid claim denials due to coding errors, effective billing and RCM practices must be in place—however, the cost of maintaining this kind of an information system can be prohibitive for labs. One of the greatest benefits of working with an independent laboratory billing services is that you no longer have to worry about keeping up with coding changes and payer requirements. Our software can be integrated with your existing practice management, EHR and EMR programs, or it can be used alone to encompass all aspects of patient data and revenue management.

Always Up to Date

The coding and billing teams at Elite Healthcare Solution 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 payor 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.

Detailed and Transparent Reporting

With Elite Healthcare Solution providing your laboratory medical billing solutions, you are relieved of the time-consuming and often tedious work, but will still know exactly what’s going on with your revenue. Our reports are presented regularly, and are designed to keep you abreast of several key performance indicators (KPIs). You will see how long it is taking to get paid and how the accounts-receivable balance is doing relative to the value of services provided, for example. You will see that you are getting paid faster and the proportion of unpaid bills gets smaller after working with us.

Benefits of Outsourced Lab Billing

Lab billing—when done right—can be a huge weight off a lab’s shoulders. By outsourcing that process to a company that specializes in it, labs can focus on what matters most: delivering high-quality patient care. That means you can leave the billing process to the experts and let them handle the time-consuming, detail-oriented work of submitting claims, chasing down denied claims and managing accounts receivable. That’s where a good lab billing company can really shine. They bring the advanced technology and certified coders that ensure claims are clean and revenue is maximized. All of which adds up to one key benefit: more cash flow.

That’s what you gain when you partner with a independent lab billing provider. You get to keep doing what you do best—while they handle the rest. Your core business is patient care. Theirs is billing. By working together, you can ensure that your patients get the care they need, and your business gets the revenue it deserves.