About Us
Who We Are
LBS goes beyond medical billing
Our Mission
To be your full-time lab revenue partner
Based on the challenges labs face in today’s healthcare landscape, we’ve made a team of coding and billing experts who understand the unique intricacies of lab coding, reimbursement, and compliance. Our mission is to empower labs to focus on delivering exceptional diagnostic services while we take care of growing your revenue and complying with the ever-changing healthcare regulations.
The Area of Our Expertise
Lab-specific billing & revenue cycle management
Unmatched Lab Billing Expertise
Our team consists of certified lab billing specialists and coders. They understand the intricacies of lab-specific coding, reimbursement, and compliance, ensuring accurate claims and maximized collections.
Industry-Leading Claim Rates
LBS surpasses the industry's average standards for calculating your lab billing and revenue cycle success. We consistently achieve a 99% clean claim rate and a 97% first-pass success rate, minimizing denials and delays.
Reduce Coding Errors by Up to 100%
Improper coding and documentation means slashed revenue for your lab. Our coding specialists super-accurately append ICD-10-CM, ICD-10-PCS, and HCPCS codes to each laboratory procedure for increased cash flow.
Boost Lab's Revenue by Up to 31%
Our data-driven approach and streamlined workflows ensure you capture every dollar you deserve for your laboratory services. We helped many labs boost their revenue to 31% after outsourcing their billing solutions to us.
Dedicated Lab Billing Support
Our team is available 24/7 to answer questions and provide personalized guidance to our lab clients in the US. Rest assured, our core values are clear communication and transparency in everything we do at LBS.
Comply With the Latest Lab Regulations
The average cost of a healthcare infraction is a whopping $9.4 million per incident! LBS ensures your laboratory adheres to HIPAA and other medical laws to avoid fines, penalties, and other sanctions, running your lab smoothly.
Speciality-Based Billing
We Cover Every Lab Specialty
- Clinical Lab Billing
- Diagnostic Labs Billing
- Physician Lab Billing
- Toxicology Billing
- Pathology Lab Billing
Starting From Just 2.99%
Risk-Free Evaluation
Unlock the full potential of your lab's revenue cycle with LBS
Reduce Errors and Denials
Minimize costly mistakes and ensure your claims get paid the first time.
Improve Your Lab's Cash Flow
Get reimbursed faster with efficient claim processing and A/R management.
Gain Valuable Insights
Track your billing performance with detailed billing and revenue reports.
Connect with Us Now
