Laboratory Medical Billing Services

Clinical laboratories need an effective business model and a sound financial strategy to thrive.

Constantly changing regulatory demands, software inadequacies and difficulty in accessing the information weigh down the operations of a laboratory and hamper the growth of business. Add improper financial management to the mix and the negative effect suddenly gets compounded.

Laboratory Revenue Cycle Management is the key for any medical practice to grow. For laboratories, it is important that owners implement a streamlined approach, all the way from obtaining orders, quick processing, providing value services to laboratory patients and then getting reimbursed on time.

We at Bikham, have the required understanding of Medical lab billing guidelines and procedures to contribute to the success of clinical laboratories. By combining efficiency, workflow optimization and quality, we enable lab practices to take full control of their Laboratory revenue cycle management to improve financial performance.

We are the preferred choice as a Laboratory billing company, a proven Laboratory billing provider in enabling laboratories gain a competitive edge.

Our work not only helps owners manage accounts receivables effectively, but also enables them to expand their role in healthcare at the same time.

Benefits of our Lab Medical Billing:

  • Monitoring payments to ensure adherence to contracted rates.
  • Patient balance statements.
  • Handling patient inquiries concerning billing queries.
  • Pricing plan and guidance.
  • Ensuring accurate financial reporting, coding, billing and collections.
  • Increase revenue while cost-effectively processing high-volume, low-dollar claims.
  • Reduction of days in A/R.
  • Lower write-offs by actively following-up on denied claims.
  • Control costs by measuring and tracking productivity and profitability.
  • 14+ years of impeccable billing track record.

Schedule a consultation with one of our Laboratory Billing Consultant

MOLECULAR BILLING AND CODING

Molecular billing is subject to constant changes with the field of genetics seeing rapid advancements and becoming a field of major focus for laboratories across the world. CMS consistently evaluates reports of laboratories and re-scripts CPT codes. The coding front of the entire laboratory billing process is complicated because of recurrent coding changes and if that's not enough, some codes may even seem to cover up to 10 genes.

It cannot be stressed enough, billing staff for laboratories needs to stay constantly updated with the changes made by the CMS and insurance carriers. It's a vital practice that insures proper payments for the services rendered.

Constant changes in the CPT codes can often prove rather difficult to keep up with, especially with a huge influx of lab orders.

Bikham Healthcare offers efficient laboratory medical billing services. The Lab billing service are performed by certified and experienced laboratory billing experts that work in tandem with insurance companies. We ensure maximum reimbursement, adherence to old and new laboratory billing guidelines and also take care of the follow-up procedures, so you do not have to.

Bikham Healthcare excels at developing customized cost-effective laboratory billing solutions for all our clients. We help maximize your revenue by exponentially decreasing your work load.

TOXICOLOGY LABORATORY BILLING SERVICES

Billing for Toxicology laboratory services is complex and is subject to unpredictable changes. In the year 2015, Medicare implemented G-codes with the clear intention of simplifying the entire Toxicology laboratory billing process and a majority of insurance companies followed their decree.

Lab testing and over-utilization is the focal point of careful examination and often scrutinized by the CMS, OIG (Office of Inspector General) and the U.S DOJ (United states Department of Justice). To avoid drawing attention of regulators and ensure reception of appropriate reimbursement for their toxicology billing, billers must stay updated.

Outsourcing your toxicology laboratory billing services is one step in the right direction ensuring the maximization of your revenue and ensuring regulatory compliance. Our team of certified professionals are educated in the nuances of toxicology billing, helping you overcome problems like the use of MUEs and modifiers accurately. We ensure that our partner labs receive proper and swift compensation for the services rendered.

PATHOLOGY LABORATORY BILLING

Keeping up consistently with the numerous changes made to CPT codes, CCI edits and federal/commercial Laboratory billing guidelines leaves close to no room for error. Billing for pathology laboratory services can be particularly challenging. It is necessary that the billers have the understanding of pathology's many sub-specialties - cytopathology, toxicology and hematology.

Health insurers are rapidly narrowing their provider networks. As a result, pathology labs are constantly finding themselves declared as out-of-network providers, making the laboratory billing environment, more volatile than ever.

CLINICAL LABORATORY BILLING SERVICES

OIG (Office of the Inspector General) of the U.S department of health and human services has made no secret of its intention to diligently oversee independent clinical pathology laboratories billing practices. With reimbursement decreasing and competition on the rise, there's never been greater need for a proficient clinical lab billing service.

Billers and coders must house extensive knowledge of the variety of services that may be offered by a clinical laboratory, be it biological, hematological, serological, cytological or bio reference laboratories billing.

The room for error is small and no practice can afford to lose money and invest precious time fighting and appealing against denials.

Bikham Healthcare laboratory billing consultant offers respite from the problem with its strategically implemented medical billing solutions to all our partners.

Our team of laboratory billing experts and AAPC-certified coders follow strictly Pathology billing guidelines and work hand-in-hand to make sure your business objectives are met, consistently delivering top-notch laboratory billing Solutions.