PHYSICIAN GROUPS

Family Medicine  Lab Services Revenue

Unlock a new stream of ancillary revenue and maximize your practice’s financial return with fully managed anciallary lab billing services.

Find the best solution for maximizing your family medicine laboratory revenue

Ancillary lab RCM

For family medicine practices, especially smaller ones without an in-house lab, billing and collecting ancillary revenue from lab tests can significantly enhance financial stability. By managing lab test billing directly, practices can capture an additional revenue stream that would otherwise go to third-party labs.

Managed lab services

For family medicine practices that already have their own lab or are considering building one, managing lab testing and billing internally can significantly boost profitability and operational control. Owning a lab enables practices to directly bill for tests, capturing a higher percentage of revenue that would otherwise be lost.

Decision-tree based billing

Only bill for what’s profitable with our technology built exclusively for laboratory claims. Analyze and decide what tests will earn your practice more return and reduce revenue lost in billing for lower-return tests.

Patient pay & services

Patients are billed and receive customized statements that are easy to understand. Our team of U.S. based patient representatives answer questions and help collect payment faster.

Federal and payer compliant

Our team of reimbursement professionals adhere to all federal and payer-specific regulation. For over 25 years, we have provided ancillary lab RCM service to over 700 providers across the country.

Reporting & metrics

Get complete, real-time access to your financial performance with our client portal. View and export reports anytime that help you make data-driven decisions.

Lower your cost of testing and get paid for ancillary lab services

 

Our company was founded on the unique approach to lower the cost of lab testing for physician groups and help manage their ancillary laboratory billing. Family medicine groups utilize our full-suite of technology and services built for laboratory claims and billing to increase efficiency, lower errors, and earn more revenue.

Full-service RCM for billing ancillary laboratory claims

  • Assess your current test menu and pricing with our team to determine where the cost of your tests can be lowered
  • Integrate your EMR systems with our technology to help automate PHI entry, test results, demographics, and more
  • Decision tree-based technology determines which tests should be billed or not billed ensuring profitability
  • We manage your bill from start to finish from insurance billing to patient collections
  • Monthly reconciliations are conducted by a personable account manager who is always available to answer questions

Get transparent, real numbers on the performance of your financials

  • Access your practice’s data anytime, anywhere with our web-based client portal
  • View top KPI metrics at a glance on the dashboard where postings and collections are reported real-time
  • Understand where claims fall into aging analysis reports, denials, buckets by payer, and more
  • Export and request custom reports in file formats that work for you
  • Drill down to patient-level claims to help understand and answer any questions that may arise
  • Determine how your practice wants to handle patient collections, discounts, and more

You and your patients can access resources on the go

  • Patient statements direct patients to pay their bill by call-in or by going online to our payment portal customized to your practice’s brand
  • The payment portal can be accessed easily and allow patients to pay their bill seamlessly
  • Your client portal can also be accessed on you phone or tablet to view your dtata whne you aren’t at a desk

New!

See how your family medicine practice can earn more when you start, manage, and scale your physician-owned lab with us

 

Our team is one of the only laboratory management companies in the country who has a risk-shared approach when helping large physician group practices build and manage an in-house high-complexity laboratory. Support doesn’t stop after buildout and installation; our team fully manages and operates your laboratory at a professional level so you can focus on your quality of care.

Laboratory design & setup

From concept to final laboratory installation, our team brings your new physician-owned lab to life. All of your needs are uniquely met throughout the entire process of design of the space, equipment selection, and installation.

Laboratory management

Our unique model provides ongoing management of your laboratory in a long-term partnership. Once your new lab is  operational you can focus on improving patient care while PhytestDX delivers the clincial and operational results from the lab.

Laboratory staffing

Maintain ongoing, compliant operations with our array of talented laboratory professionals. After hand-picking a team for your lab, we manage their workflows, processes, and performance.

Laboratory billing & RCM

Get full-service laboratory billing and RCM as part of our ongoing operational and management services. When you introduce your new in-house laboratory to your practice, you won’t have to worry about billing and collecting the new lab revenue from complex laboratory claims.

Our model for your new physician-owned laboratory 

  • Meet with our team of clinical and financial experts to assess your practice’s current and potential future performance
  • Collaborate on designing and building a space for your new facility
  • Our team handles all equipment sourcing, validations, credentialing and licensing, and technology immplementation
  • Professionally sourced laboratory staff are hired by our team to run your lab
  • Ongoing management of your laboratory is provided beyond the go-live date of your new lab
  • All billing and RCM is handled by Phytest to ensure you get paid properly, fully, and timely

New!

Optimize efficiency and workflows on the go

  • Your Lab Hub is a web-based application that gives you and your staff the ability to access documents order supplies, get updates about the lab, and more
  • Access your Lab Hub on any desktop, smartphone, or tablet
  • Quickly post your own updates and reminders to the homepage along with important billing, regulatory, or other updates from our team
  • We customize and upload resources specific to your laboratory to your Lab Hub

Patient and provider materials to support the laboratory

  • Educate your practice’s providers on the testing menu and capabilities of the new facility
  • Our team creates custom brochures, business cards, and handouts to inform your patients to the fullest when presenting their testing options
  • We provide all printed materials and educational visits to your offices to make sure every staff member knows their contribution and role in making your new lab successful

Unsure which solutions are best for your practice?

Schedule a consultation with our team of reimbursement experts to discuss your unique needs and goals. We’ll help you determine the best approach to start earning your practice more revenue from laboratory services.

“As one of the largest OBGYN groups in the country, we have high lab volumes in genetic, pathology, molecular and clinical specialties. We needed a partner to guide us on the financial side of our physician office lab and have enjoyed consistently good results throughout our 20-year relationship. The Phytest RCM team is first class, but we also rely on them to review and advise us on the operational aspects of our laboratory services.”

Mat Jimmerson, CIO

We created laboratory revenue solutions that do the work, so you don’t have to

With over 26 years of experience in the laboratory reimbursement space, Phytest has become a leader in outsourced laboratory RCM and laboratory management services.

We’ve helped family medicine practices recover more revenue and grow by blending a unique knlowedge of clinical, operational, and reimbursement expertise that allow us to deliver the best solutions.

Our success is founded on service, and we only succeed when our clients succeed.

Why Phytest?

We have an exclusive laboratory focus

Our unique laboratory reimbursement focus has given us a level of expertise unlike other medical billing and management companies. 

We help you make data-driven decisions

Our tools and experts can transparently show you where to reduce loss, expand performance, and opportunity for new lines of business. Our team of reimbursement experts support your practice’s growth.

We give you and your patients unparalleled support

Partnering with Phytest means we are vested in your success. Our team is 100% on-shore and available to you and your patients to ensure championed client and patient support.

Start earning more laboratory services revenue

 

Meet with our team of laboratory reimbursement experts to explore the best laboratory revenue solution for your family medicine practice.