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.