How a Laboratory billing Company can be a Perfect lab Billing assistants

Laboratory testing is an important part of the field of healthcare. It involves testing of blood, urine or body tissue samples to determine present health condition. The tests so carried out are billed for reimbursement which is done by laboratory billing experts.

Laboratory tests are a part of routine checkup to look for changes in health. They also assist doctors in diagnosis, planning, and evaluation of health conditions and suggesting treatments accordingly.

Medical practitioners depend on accurate and timely testing results for their patients. Physicians order various types of Laboratory billing experts procedures or tests to diagnose patient conditions and continue appropriate treatment for existing conditions.

laboratory billing expert

The different types of laboratory testing procedures are:

  • Molecular/Genetic Laboratory Testing
  • Clinical Laboratory Testing
  • Diagnostic/ Pathology Laboratory Testing
  • Toxicology Laboratory Testing

The results of these laboratory tests provide the doctors with requires strict necessary information to carry out effective treatment of a patient.

Laboratory billing requires strict ongoing adherence to state and federal law reforms and regulations. Making sure that all lab tests are billed with the latest diagnosis codes and each one follows NCD (National Coverage Determination) and LCD (Local Coverage Determination) Laboratory billing guidelines is essential. Moreover, billing policies may differ from one insurance provider to another, therefore, it becomes important to correctly identify and understand each policy’s requirements.

Laboratory billing requires the use of sound and compliant billing practices to resolve claim rejections. Successful execution of these procedures requires the employment of laboratory billing experts who are knowledgeable and experienced in the laboratory billing process so that every claim gets paid in a timely manner.

Laboratory billing also includesproviding documentation to physicians, developing billing practices in working multiple customized reports reflecting the financial health of the laboratory.

For maximum claim reimbursements,the laboratory billing company must have experience in working with different kinds of laboratories and should be well versed with laboratory billing guidelines.

laboratory billing expert

All this becomes difficult to manage with the in-house staff taking care of numerous tests, preparation of reports, handling patient queries and more. To save time, make the entire laboratory service streamlined; reduce problems like staff turnover, outdated or inflexible systems, and tackle the limited reporting capabilities, a majority of laboratories outsource their billing services to 3rd party laboratory billing company.

Bikham Healthcare has been an industry leader in medical billing and accounts receivables services for laboratory services for over 13 years. Visit Bikham.com to know more about their services.

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