Med Billing RES’s 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.
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, Med Billing RES’s 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.
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.
The coding and billing teams at Med Billing RES 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.
With Med Billing RES 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.
Mon – Fri
09 AM – 05 PM
Sat – Sun
Closed
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8655 Bay Parkway, Brooklyn NY 11214
Mon Friday
9:00 am to 5: 00 pm
Contact us : 332-699-4299
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