Industry Insights
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Blogs
Navigating the No Surprises Act in the Clinical Laboratory Space
It has been a year since the federal No Surprises Act was passed on January 1, 2022 in an effort to prevent patients across the country from receiving unexpected medical bills in their mailbox....
Clinical Laboratory Legislation on the Horizon for 2023
The Centers for Medicare & Medicaid Services (CMS) released the Calendar Year (CY) 2023 Medicare Physician Fee Schedule (PFS) Final Rule on Nov. 1, 2022, which impacts Medicare Part B payments...
5 Decisions to Make When Starting A Clinical Laboratory
The clinical laboratory space has expanded greatly in the wake of COVID-19, and the interest in starting and owning laboratories continues to grow as an influential investment in the healthcare...
The Patient Experience in Recovering Laboratory Reimbursements
The patients’ role in the laboratory billing cycle is the final but most crucial step in recovering reimbursement. Regardless of how advanced workflows are or how large testing volume is monthly, a...
The PCR Pivot: Transitioning and Billing After COVID
The coronavirus pandemic led to an unprecedented demand for diagnostic laboratory testing to determine, through PCR testing, whether an individual has the virus. Startup labs formed all over the...
Why Labs Need More Than A Traditional Medical Billing Company
Laboratory medical billing falls under the umbrella of healthcare specialties that traditional medical billing companies advertise to serve. However, the laboratory billing cycle is unique and can...
5 Laboratory Billing Metrics Your Lab Should Track
A clinical laboratory’s success is dependent upon the transparency of its financial performance in common, but critical, laboratory billing metrics. Without an idea of the facility’s performance in...
Laboratory Billing 101: Letting RCM Do the Work
As a laboratory owner or decision-maker, you understand the intricate balance required to maintain the financial health and operational efficiency of your facility. Among the myriad of...
Filing A Clean Claim the First Time with Phytest
Even the most operationally efficient independent laboratory can fail if it’s unable to ensure it’s being paid appropriately for every test performed. For a laboratory competing in a complex...