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Physician Lab Billing Services

Let LBS Handle Physician Lab Billing So You Can Focus on Patient Care!

Tirelessly chasing down payments and fighting claim denials? Our certified physician’s lab billing experts analyze your lab’s unique workflow to help you cut down accounts receivables and boost reimbursements for physicians laboratories.
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physician lab billing

Physician Office Lab Billing Made Easy & Efficient

Unlike typical medical billing companies, LBS specializes in offering custom billing and revenue management solutions to physician’s labs. Our certified lab billers seamlessly integrate with your team, streamlining processes to minimize denials and accelerate reimbursements. This frees you to focus on offering exceptional patient care. But that’s not it! We offer strategic guidance to optimize your revenue cycle management and staff training, ensuring your physician office lab thrives. We cover everything from patient registration to collections, while our deep understanding of physician lab regulations and coding guarantees accurate and timely payments. The proof is in the results: we’ve helped physician office labs across the US increase revenue by up to 31%. 

Empowering Your Physician Lab's Financial Success

LBS’s medical billing solutions for physician’s laboratories ensure you get the lab-specific billing and coding expertise for maximum cash flow and expedited claim processing. We don’t just code, but actually help our physician office lab clients to improve their finances.

Medical Specialty Expertise

Whether you run a molecular diagnostics lab or a hospital outreach program, our team of certified physician lab billers and coders understands physician billing guidelines for laboratory services to help you optimize your lab workflows.

Maximized Cash Flow

From streamlining patient intake and expediting claims to maximizing collections for your physician’s lab, we optimize your entire revenue cycle. The result? More cash on hand, lower expenses, and happier patients who receive timely bills.

Fast Claim Processing

Our physician lab billing consultants identify roadblocks that delay payments and implement solutions like electronic claim processing to get you paid faster. We call as soon as possible to get your lab claims processed faster. 

Partner with us for optimized billing for a thriving physician lab.

Physician’s Lab Claims in Dollars

Month

Received

Billed

Found Clean

Submitted by LBS

Frist-Pass Ratio

Pending

May
189,061
184,944
184,944
O
100%
4117
Historical Data
April
100,598
99,345
98,092
1553
99%
O
March
82,273
82,273
82,273
O
100%
O
February
55,689
55,689
55,689
O
100%
O
Month
May
April
March
Received
189,061
100,598
82,273
Billed
184,944
99,345
82,273
Found Clean
184,944
98,092
82,273
First-Pass Ratio
100%
99%
100%

Feeling Overwhelmed by the Financial Side of Your Practice?

We bring peace of mind with reliable and efficient physician lab billing management so you can focus on your patients.
  • 99% Clean Claim Rate
  • 97% 1st Submission Pass
  • 0% Unbilled Claims
  • Charge Lab Below
  • Less Than 15 Days A/R Aging
  • Zero Bad Debt for Labs

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Our Comprehensive Physician Lab Billing Services

We offer the most comprehensive medical billing solutions for physician office labs to streamline their workflow and max out their revenue. 

Insurance Verification

Our physician lab billing specialists remove the guesswork by verifying patient eligibility upfront, preventing claim denials due to coverage issues.

Pre-Authorization

We manage pre-authorization requests for procedures and tests, ensuring you receive prior approval from premium insurance companies. 

Charge Capture

The LBS team captures all billable charges for physician’s lab services, appending the latest coding and compliance standards.

Claim Denial Management

Our physician lab billing experts fight denied claims, identifying errors and advocating for proper reimbursement with supporting documentation.

Collection and Reporting

We ensure timely payments through efficient collection practices and provide clear, detailed reports on your lab’s financial performance.

Physician's Lab Billing

We follow the best physician lab billing practices with deep industry expertise and lab-specific coding and regulations (CPT, HCPCS).
Denied Claims Processed
0 %
Gross Collection Rate
0 %
Lab Revenue Boost
0 %
Slashed Denial Rate
0 %

Smooth Physician Lab Billing Process

Streamline your lab’s billing process and free up valuable time.

Verification

Ensure patient eligibility upfront for smooth claim processing.

Transcription

Accurate data capture from requisitions for error-free coding.

Lab Coding

Append physician lab-specific codes for maximized reimbursements.

Submission

Efficient claim filing with proper attachments to minimize denials.

Collection

Proactive collection strategies to secure timely payments.

Why Choose LBS for Physician Lab Billing?

Focus on your patients, not paperwork for your laboratory. We take the complexities of physician lab billing off your plate, so you can dedicate your time and expertise serving your bigger healthcare vision.

Strong Eligibility Process

Reduced Denial Rates

Accelerated Reimbursement

Fewer Coverage Adjustments

CMRS, RHIA, CPB Certified Coders

Smooth Payment Transferring

Less Lab Accounts Receivables

Advanced Billing Tech

Predictive Revenue Analytics

Dedicated Lab Support

Full Payments With No Unfair Cuts

HIPAA-Compliant Billing

Worried About Hidden Fees?

We believe in upfront, transparent pricing with no surprises. You’ll know exactly what you owe.
physician lab billing services

Quick Integration With Your EHR / LIS

Our physician lab billing experts seamlessly integrate with your existing electronic health record or laboratory information management system.

“63% of physicians find that outsourcing their lab billing solutions helps them focus more on offering quality patient care.”

Dr. Chloe Elizabeth

US-based Physician
“LBS’s expertise in physician lab-specific coding has reduced denials, and their efficient claim processing ensures we get paid faster. The clear and detailed reports we get empower us to make informed financial decisions.”

Dr. David Lee

Family Practice Physician
“LBS’s expertise in physician’s lab billing helped me minimize denials to 1% and increase our practice’s revenue to 23%.Most importantly, my cash flow has improved and the ability to reinvest in my lab’s growth.”

Dr. Susan Chen

US-based Physician
“LBS streamlined medical billing for my office’s in-house laboratory. They process my receivables rapidly, minimizing outstanding balances and improving cash flow. What’s more is that clear, detailed reports keep me informed.”

Unlock Free Physician Lab Billing Consultation

Get the taste of what you’ll get with our specialized physician lab billing services backed by deep lab-specific coding expertise and commendable experience in increasing revenue for physician-administered medical laboratories across the US.
LBS is a full service, lab-specific medical billing company that optimizes the entire revenue cycle and billing process to ensure laboratories get reimbursed faster and on-time so you can focus on providing exceptional lab services.
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