Many organizations find it’s best to outsource billing for their laboratories, so they can focus more of their time and brainpower on providing services to patients and clinicians.
In fact, you might even consider that all of the bureaucracy and administrative efforts, including tasks leading up to successful payment for bills will take more time and energy than the actual laboratory work itself. Or it at least might feel that way.
Laboratory billing systems cover a wide range of functions, from scheduling patients for tests and verifying their eligibility, to keeping track of the patient claims and producing reports for stakeholders to digest and work from.
The data must be error-free and processed in a way that enables easy verification for timely payment from insurance entities. For organizations that have not made a big investment in their IT department, it certainly makes sense to have a third party handle laboratory billing.
Fewer errors are bound to take place when professional medical billing experts step in to take over these chores for you, and this means more timely payments thanks to more reliable data in the pipeline.
As a laboratory billing service provider, we here at ADS understand the laborious process it can be to outsource your laboratory billing and we want to make that process as easy for you as possible no matter what provider you choose to work with.
In this article, we will discuss what you need to do to prepare early on when considering outsourcing your laboratory billing.