Laboratory Billing Company
Streamline Your Lab Billing & Get Paid Faster Now
Our laboratory billing experts optimize complex lab billing workflows and maximize laboratory reimbursements. We offer the most practical laboratory billing management to change the way you manage revenue.
Up to 31% Lab Revenue Boost
Certified Lab-Specific Coders
99% Clean Claim Rate for Labs
Expert Laboratory Medical Billing Consultants
Simplify billing process, slash overheads, and nullify write-offs for your laboratory, consistently skyrocketing revenue. And this gives your lab staff more time to serve your patients with their core tasks like preparing samples, validating them, and recording results. With us as your outsourced lab billing company, you’re where precision meets passion to help your lab grow fast.
Over 131+ laboratories across the US are using our innovative lab RCM solutions. Our certified lab billing experts help boost your lab’s efficiency, optimize its finances, and adapt swiftly to the ever-changing healthcare landscape. You’ll work with the full-service lab billing and revenue cycle management agency that offers cost-effective solutions backed by deep industry expertise.
Over 131+ laboratories across the US are using our innovative lab RCM solutions. Our certified lab billing experts help boost your lab’s efficiency, optimize its finances, and adapt swiftly to the ever-changing healthcare landscape. You’ll work with the full-service lab billing and revenue cycle management agency that offers cost-effective solutions backed by deep industry expertise.
All-Inclusive Lab Billing Services
We offer end-to-end revenue cycle management, coding & compliance, electronic claims submission, proactive follow-ups, denial management, and transparent reporting for a variety of laboratories.
Laboratory Billing Services
Ensure a streamlined lab billing process with error-free processing and over 91% acceptance rate. Our laboratory billing experts are always at your disposal so you focus on growing your lab service portfolio.
Laboratory Coding Solutions
Empower your laboratory with accurate and efficient coding solutions. Our team of certified coders possesses in-depth knowledge of laboratory-specific codes (CPT, HCPCS) and stays current with the latest updates.
Laboratory Revenue Cycle Management
Maximize your lab collections and get paid faster with all-inclusive lab RCM solutions. Our lab billing agency helps minimize accounts receivables, prevent denials, and optimize the entire revenue cycle for your laboratory.
Lab Credentialing & Enrollment
As the best laboratory billing company in the US, we help you quickly become an accredited laboratory by doing the network research, appealing for closed panels, and seamlessly managing the lab enrollment process.
Seamless Laboratory Billing Process
Your laboratory grows faster and maximizes its revenue only if its billing process is effective and efficient. That is why we have taken years of experience and decades of lab billing expertise to optimize it to its fullest and yet simplify it for speed.
Patient Registration
The first step is to collect all the patient data from the demographics to the health insurance information and more.
Confirmation of Coverage
After the patient registration, the lab confirms the medical insurance coverage and verifies the services covered under it.
Coding of Services
Your partner laboratory medical billing company assigns the exactly correct Laboratory Procedures CPT® Code to ensure no claim is denied.
Claim Submission
And then we submit coded lab claims to the relevant payers after doing the thorough due diligence for maximum laboratory reimbursement.
Follow-Up
Following-up for claims submitted is a continuous process we do at LBS to resolve any claim denials and decrease laboratory accounts receivables.
Laboratory Billing Best Practices in Action
Our team of lab billers and coders follow the best practices in lab billing to help you reap all the benefits of a streamlined and efficient laboratory billing management. This makes us rank high among the top laboratory billing companies in the US.
- 90%+ Claim Acceptance
- Improved Lab Cash Flow
- Reduce Billing Errors
- Slash Lab A/R Delays
- Fewest Claim Denials
- 100% Patient Satisfaction
- Most Efficient Lab Workflows
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Proudly Leading the Top Lab Billing Companies in the US
You’ll work with the lab billing company, delivering the results that matter the most to your laboratory. Here’s what we’re talkin’ about:
Clean Claims Rate
0
%
1st Submission Pass
0
%
Up to
Lab Revenue Boost
0
%
Denied Claims Processed
0
%
Automate All Your Laboratory Workflows
Free yourself from time-consuming tasks and optimize your lab’s revenue cycle. Our team of lab billing experts automate workflows, tackle claim denials, expedite payments, and offer insightful billing reports for better financials. We also provide efficient account management, convenient e-invoicing, and dedicated lab billing support to maximize your lab’s efficiency and profitability.
- Claim Denial Management
- Account Receivable Optimization
- Complete Insurance Processing
- Detailed Analytics & Reports
- Quick Clearinghouse Solutions
- Efficient Accounts Managements
- Electronic Statements & Invoicing
- Lab Billing 1:1 Technical Support
Denial Recovery Rate
0
%
Our proactive approach for managing your lab claim denials ensures record results.
Lab Billing Experts
0
k+
RHIA, CMRS, CPB certified medical billers and coders specifically for laboratories.
Don’t Let Denied Claims Drain Your Lab Profits.
Our Laboratory Billing Company Helps You Turn Claim Denials Into Dollars!
Cutting-Edge Lab Billing Solutions
Problem
Unpaid claims are the biggest problem for laboratories and diagnostic services. And different payers have different requirements, so it becomes an on-going hassle to keep track of each billable charge.
Solution
Unpaid claims are the biggest problem for laboratories and diagnostic services. And different payers have different requirements, so it becomes an on-going hassle to keep track of each billable charge.
Problem
63% of all medical billing errors are related to incorrect codes! And sometimes, one wrong modifier can bring in huge abuse fines, unnecessary audits, and financial fallout for laboratories.
Solution
Our medical lab billing experts comprehend the whole range of Laboratory Procedures CPT® Code (80047- 89398). And we meticulously process accurate codes to ensure maximum laboratory reimbursement.
Problem
While you’re busy delivering accurate medical reports and patient care, undeliberate upcoding or unbundling can still get you penalized, inflate your laboratory revenue, and damage your reputation.
Solution
Our lab billing team ensures you never have to worry about unbundling and upcoding allegations because we bundle and code lab claims only when they’re honest and compliant with the documentation.
Problem
Insurance verification takes tons of time and resources and it cannot be automated much. And it’s extremely important in lab billing because it can cause wrong code submission services rendered.
Solution
We will help you improve and expedite insurance verification and get preauthorization when you need it. Send your patient to us, and we’ll do the rest, including consulting you on patient benefits and out-of-pocket costs.
Problem
Medical laboratories face overwhelming healthcare regulations! And the average cost of only one data breach or infraction is a whopping $9.4 million! It’s extremely important to stay compliant while running your laboratory smoothly.
Solution
Avoid wrong modifier usage, bundled service provision, and stay abreast of the recent US healthcare regulations. Our team of lab billers and coders are proficient in preventing compliance violations by your lab.
Starting From Just 2.99%
If you aren’t satisfied with our specialized laboratory billing services within the first 30 days, we’ll refund your full payment with no questions asked.
What are the biggest challenges
you’re facing as a laboratory director?
Lab Specialties We Cover
We’re a laboratory billing consultant well versed in offering error-free medical billing solutions to a range of small to large laboratories. We employ exceptionally experienced lab billing professionals who specialize lab billing codes and compliance requirements.
Clinical Lab Billing
Our clinical lab billing specialists are at your disposal so you can increase the portfolio for laboratory procedures and help hospitals and clinicians diagnose and treat patients effectively without the burden of billing errors when processing claims for clinical labs.
Diagnostic Lab Billing
Dedicated medical billing solutions for diagnostic labs help run any lab test with no coding errors at all. We’ll create and submit claims for your primary and secondary payers and ensure all the information is accurate so you are paid faster, on time.
Physician Lab Billing
Optimize physician laboratory billing with our comprehensive solutions, ensuring accurate code selection for physician-administered tests. We minimize denials and boost reimbursements, helping your associated physicians focus on delivering care.
Toxicology Billing
The cutting-edge toxicology billing services help make the whole RCM process painless, offering timely invoices and detailed reports. The dedicated team of medical billers and coders allow you to focus on the core tasks of toxicology labs.
Pathology Lab Billing
Ensure accurate capture of all your lab services with our anatomic and clinical pathology lab coding (AP & CP). Our team tackles complex billing scenarios, maximizes reimbursements for pathology procedures, and streamlines the entire billing process.
Why Outsource Laboratory Medical Billing
Outsourcing lab billing helps you manage and increase revenue, ensuring long-term control and profitability. In comparison to in-house billing teams, outsourcing from third-party laboratory billing brings in better growth opportunities.
- Faster insurance payments due to redued billing errors
- Increased transparency through regular reporting
- Reduced cost for less overhead expenses
- Guaranteed regulatory compliance
- Improved patient care and satisfaction
- Scalability of lab services and efficient workflows
Easy LIS and EHR Integration
Our lab billing company’s innovative solutions effortlessly integrate with your existing laboratory information management system and EHRs.
We’ve helped many laboratories accomplish growth over and over again.
Dr. Dexter Watts
Nephrologist Specialist
“The LBS team has effectively elevated our lab revenue to 37% by removing our in-house billers and minimizing our claim denials to just 1% within 5 months”
Dr. Amelia Rose
Nephrologist Specialist
“LBS slashed our claim denials to 2%, boosting lab revenue by 31% in just 5 months. Their expertise in lab coding ensured clean claims and maximized collections. We focus on science, they handle billing – a win-win!”
Dr. Maria Hernandez
Nephrologist Specialist
“LBS streamlined our billing, reducing A/R days by 30%. This, combined with their 97% clean claim rate, led to a 35% revenue increase for our lab. Now, we have more time for patients and less for paperwork.”
The Only Laboratory Billing Company You Need to Manage & Grow Your Revenue
And we answer faster than you do stat test
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Frequently Asked Questions About Lab Billing
What is LBS's commitment to security?
At LBS, patient data security is our number one priority and our lab billing solutions comply with HIPAA and other healthcare regulations! That’s why, we use the industry’s most cutting-edge tech and scrutinized measures like encryption, firewalls, and intrusion detection systems to protect healthcare data.
How does LBS handle electronic statements and invoicing?
LBS offers convenient and secure e-statements and e-invoicing solutions for your laboratory. The paperless approach minimizes errors and streamlines the billing process for both you and your clients. You can easily access your financial information electronically for improved clarity and recordkeeping.
What support do you offer for your lab billing issues?
Our dedicated support team is readily available to answer your revenue questions, address billing concerns, and offer ongoing guidance to up your lab’s revenue. We believe in building strong partnerships with our lab clients and giving them the support they need to thrive.
Do you offer transparent pricing for your billing services?
Transparency is a core value at LBS. We provide clear and competitive pricing structures tailored to your specific lab’s needs and volume. You can get free consultations to understand your budget and your lab’s financial goals.
