Clinical Lab Billing
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Focus on Your Expertise, Not Clinical Lab Billing Rules
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Your Trusted Partner in Clinical Lab Billing and Revenue Cycle Management
Why LBS for Optimized Clinical Lab Billing
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Utilize Clinical Lab-Specific Expertise
Our team of experienced clinical lab billing professionals handle accurate billing to ensure faster reimbursements to keep your cash flow healthy so you can invest in new clinical lab equipment and minimize your downtime.
Stay ICD-10 Coding Compliant
Stay current on all clinical lab regulations, coding updates and industry changes to ensure your clinical lab billing practices are compliant. This not only minimizes the risk of costly audits but also fosters trust with both patients and payers.
Optimize Your Clinical Lab Workflows
Standardized protocols are crucial for clinical lab efficiency. We standardize your testing procedures and workflows and simplify your billing process to reduce the risk of errors, leading to cleaner claims and faster reimbursements for your clinical laboratory.
Get Data-Driven Lab Insights
Identify trends, optimize resource allocation, and make informed decisions that drive your lab's financial success. We offer state-of-the-art clinical lab billing solutions that empower you to capture, analyze, and use valuable data effectively.
In-House / Generic VS LBS Clinical Lab Billing
In-House / Generic Billing
LBS Clinical Lab Billing
Exceptional Financial Results for Your Clinical Lab
- 99% Gross Collection Rate (GCR)
- Swift Claim Submissions (24 Hours)
- 99% Clean Claims Ratio
- 0.49% Lab Claim Denial Rate
- Less Than 15 Days A/R Aging
- Efficient Lab Workflows
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Our Smooth Clinical Lab Billing Process
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Verification
We confirm patient insurance coverage and benefits to ensure upfront clarity on what's covered.
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Transcription
Our team seamlessly transcribes clinical lab tests, eliminating errors and ensuring accurate coding.
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Coding
Our certified clinical lab coders apply the current CPT codes for labs to maximize reimbursement.
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Submission
We submit clean claims electronically for faster processing and quicker clinical lab reimbursements.
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Payment
We do the payment posting and track A/R to ensure you receive the full amount you deserve, on time.
Why Outsource from LBS & Not DIY or Generic Third-Party Medical Billing Company
LBS’s Clinical Lab Billing Solutions
In-House / Generic Medical Billing
Deep industry expertise specific to clinical lab billing.
Seamless integration with your existing Lab Information System (LIS)
Streamlined workflows for accurate billing and coding errors.
Dedicated account management customized to your clinical lab’s needs.
Proactive approach to manage clinical lab claim denials.
Customized reporting for clear insights into your lab's financial performance
Laboratory Revenue Leakage
Manual data entry and coding are prone to errors, increasing denials.
May not offer dedicated account management for your lab's needs.
Denials are only addressed after they occur, leading to lost revenue.
Limited reporting with no insights to help you optimize your revenue cycle.
High staff turnover, disrupting workflow and requiring constant staff training.
Convert Your Clinical Lab Bills Into Dollars Fast
Seamless Integration With Your Existing LIS
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The Most Comprehensive Clinical Lab Billing Services
Insurance Verification & Pre-Authorization
Insurance Verification & Pre-Authorization
Accurate Coding & Charge Capture
Accurate Coding & Charge Capture
Efficient Lab Claim Submission
Efficient Lab Claim Submission
Lab Claim Denial & Appeal Expertise
Lab Claim Denial & Appeal Expertise
Patient Billing & Collections
Patient Billing & Collections
Regular Reporting & Analytics
Regular Reporting & Analytics
Dr. Evelyn Wright
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Dr. Mark Garcia
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Susan Miller
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Increase Your Revenue to Up to 31% With Advanced Clinical Lab Billing Solutions
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