Level Up Reimbursements and Slash Claim Denials for Your Laboratory
Top Lab Billing Services to Supercharge Your Payment Workflows
Expedited Claims Processing
Outsource lab billing services to LBS to speed up your lab claims processing so you can stay focused on what matters most, the patient care.
Optimized Billing Workflows
We follow the best lab billing practices to ensure a solid revenue cycle, optimized for improved revenue for laboratories.
Increased Data Accuracy
Our expert lab billers and coders handle medical lab data effectively for boosted accuracy with their decades of experience and expertise.
Challenges in Medical Billing for Laboratories
Lab Coding Errors
Studies show that almost 25% of all medical billing errors are due to typos. Upcoding, undercoding, or using wrong Laboratory Procedures CPT® Code causes decreased revenues and creates mistrust among patients, healthcare providers, and insurers.
Data Security Risks
Breaches exposing patient personal and health information (PHI) via offering your lab services cause patient mistrust and invite legal action. We as your lab billing partner implement strict access control and conduct regular assessments to foster protection.
Lab Claim Denials
Our laboratory insurance billing services help with complicated insurance policies, diverse coverage options, changing insurance information, and getting precise and recent patient data to navigate coverage verifications and help you avoid claim denials.
Slow Reimbursement
Delays in claim processing, complex reimbursement techniques, lengthy dispute resolution, and other such issues complicate reimbursement procedures. Getting paid faster with a seamless reimbursement workflow we offer helps grow a lab consistently.
Compliance Violations
Labs must comply with the CLIA, OSHA, and HIPAA regulations that are ever-changing. It’s challenging to stay up-to-date with the guidelines and coding structures to prevent improper modifier usage, bundled service provision, and other legal implications.
Lab A/R Delays
Managing different insurers and operational pressures can cause boosted AR days and thus lab cash flow troubles. Our lab billing specialists do regular follow-ups on outstanding claims, help reduce backlogs and quicken overall turnaround times.
Let us understand your needs.
Patient Registration
Our medical lab billing team captures complete patient demographic and insurance information, ensuring accuracy and removing potential errors that could hinder the billing process. We establish clear communication channels with lab visitors and providers, addressing concerns throughout the registration phase.
Confirmation of Coverage
We collaborate with healthcare providers and lab technicians to confirm patients' insurance coverage eligibility and verify which lab services are covered under their respective policies. Our extensive lab billing experience helps navigate complex insurance guidelines efficiently, minimizing the risk of unexpected claim denials.
Coding of Lab Services
Appropriately assigning lab billing procedure codes, such as CPT and HCPCS Level II codes, is key to successfully boosting revenue for labs. We leverage cutting-edge technology and our deep understanding to ensure error-free coding for every lab service rendered, reducing claim denials and increasing reimbursement.
Lab Claim Submission
Once coding is completed, our lab billing experts submit electronic lab billing claims directly to the relevant insurance companies through secure connections compliant with industry standards. Electronic claim submissions not only expedite processing times but also remove manual intervention, thereby reducing human error.
Follow-Up & Collection
Even after diligent preparation, occasional claim denials or disputes may arise. In such cases, our dedicated team promptly initiates follow-up procedures to address discrepancies and rectify billing errors for swift resolution. We continue persistent follow-ups to maximize your laboratory's revenue without you moving a finger!
Medical Billing Process for Laboratories
Effortless Lab Billing Software Integration
Working With Other Lab Billing Companies
We As Your Lab Billing Service Provider
Laboratory Revenue Leakage
Unclear Lab Billing & Coding Costs
Crazy Bad Debt Rate for Laboratory
Number of Missed Lab Appointments
Long Claim Lag Time & Cost of Claims
Long Claim Lag Time & Cost of Claims
Laboratory Revenue Leakage
29% Increase in Laboratory Revenue
67% Less Accounts Receivable Days
71% Accounting Overheads Cutdown
Up to 99% Clean Lab Claim Ratio
Detailed Analysis & Bill Reporting
Working With Other Lab Billing Companies
Laboratory Revenue Leakage
Unclear Lab Billing & Coding Costs
Crazy Bad Debt Rate for Laboratory
Number of Missed Lab Appointments
Long Claim Lag Time & Cost of Claims
Long Claim Lag Time & Cost of Claims
We As Your Lab Billing Service Provider
Laboratory Revenue Leakage
29% Increase in Laboratory Revenue
67% Less Accounts Receivable Days
71% Accounting Overheads Cutdown
Up to 99% Clean Lab Claim Ratio
Detailed Analysis & Bill Reporting
What are the biggest challenges you’re facing as a laboratory director?
Why Choose Us As Your Lab Billing Consultant
Smart Lab Billing
Our smart lab billing solutions offer clear charge codes for accurate superbills with no up/down coding to get your payments on time.
Lab Bills Collection
You’ll get a quick overview of all your lab bills along with their status (paid, denied, in process, rejected) with just a click of support.
24/7 Billing Support
Get unmatched laboratory medical billing support to offer 1:1 consultation and comprehensive reporting whenever you want.
Offering The Most Specialized Lab Billing Solutions
Clinical Lab Billing
Diagnostic Labs Billing
Toxicology Billing
Physician Lab Billing
Pathology Lab Billing
Best Practice for Lab Billing
Offering Streamlined Lab Billing Solutions All Across the 50 US States!
Maria Hernandez
Dr. Ava Grace
Dr. Gabriel Noah
Grow Your Lab Revenue in Record Time
FAQs for Our Specialized Lab Billing Services
