PHYSICIAN GROUPS
Internal Medicine Lab Services Revenue
Unlock a new stream of ancillary revenue and maximize your practice’s financial return with managed laboratory revenue services.
Find the best solution for maximizing your internal medicine laboratory revenue
Ancillary lab RCM
For internal medicine practices, especially smaller ones without an in-house lab, capturing ancillary revenue from lab tests can significantly enhance financial stability. With our lab test billing service, practices can capture an additional revenue stream that would otherwise go to third-party labs.
Managed lab services
For internal medicine practices that already have their own lab or are considering building one, our complete lab management service 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 appropriate and profitable with our technology built exclusively for laboratory claims. Analytics ensure your practice a financially sound ancillary revenue stream.
Patient pay & services
Any patient balances are billed in a customized format that is easy to understand and provides flexible payment options. 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 any time to your financial performance with our client portal. View and export reports that help you make data-driven decisions.
Lower your cost of testing and get paid for ancillary lab services
Our company was founded with the unique focus to lower the cost of lab testing for physician groups and help manage their ancillary laboratory billing. Internal 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 revenue cycle management for billing ancillary laboratory claims
- Our team will assess your current test menu and pricing to determine where the cost of your tests can be reduced
- We integrate your EMR systems with our technology to help automate PHI entry, test results, demographics, and more
- Our decision tree-based technology determines which tests are appropriate to bill ensuring profitability
- We perform the complete lab billing cycle from start to finish from insurance billing to patient collections
- We manage your cost of lab testing including payable management
- Monthly reconciliations are conducted by a dedicated account manager who is always available to answer questions
Get transparent, real-time metrics 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 in aging analysis reports, denials, buckets by payer, and more
- Export and request custom reports in file formats that work for you
- See claims at the patient-level to quickly 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
- Our payment portal and patient statements are customized to your practice’s brand
- Patient statements direct patients to pay their bill online or by phone
- The payment portal is mobile enabled allowing patients to pay their bill promptly from anywhere
- Your client portal can also be accessed on your phone or tablet giving you access to your data when you’re mobile
New!
See how your internal 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 which 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 unique needs are met throughout the entire process of, space design, equipment selection, and final 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, operational, and financial 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 establish SOPs and manage their workflows, processes, and performance.
Laboratory billing & collections
Get full-service laboratory revenue cycle management as part of our ongoing 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.
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 implementation
- 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 revenue cycle management (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
- 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
- Our team creates custom brochures, business cards, and handouts to inform your patients to the fullest when presenting their testing options
Unsure which solutions are best for your practice?
Schedule a consultation with our team of 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.”
David Crane, Co-Founder
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 internal medicine practices recover more revenue and grow by blending a unique knowledge 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 genetic laboratory services revenue
Meet with our team of laboratory reimbursement experts to explore the best laboratory revenue solution for your internal medicine practice.