Specialty billing services
Transformative Laboratory Billing Services For Better Reimbursements
Laboratory Billing & Coding Causing False Positives in Your Cashflow?
Without proper auditing, staying abreast of coding and compliance changes, and expert coders and billers, errors can occur which can influence the outcome of reimbursements and ultimately your organization’s cashflow. Â
For instance, laboratory tests and pathology procedures require detailed documentation of the testing process. Common errors include incomplete reporting of test findings, missing information about the methodology used, or inaccuracies in reporting associated services.Â
Billing for laboratory and pathology services often involves specifying the type and complexity of the tests performed. Coding errors, such as misclassifying the type of test or inaccurately documenting its complexity, can lead to claim denials and delayed reimbursements.Â
Moreover, billing discrepancies often arise when laboratory and pathology services are provided across various settings, such as outpatient clinics, hospitals, and specialized testing centers. Inconsistent coding practices across these settings can result in confusion, claim denials, and revenue loss.Â
Boost Financial Growth by Maximizing Reimbursements
Neolytix’s specialized billing teams have garnered extensive experience in laboratory medical billing and pathology billing over 11+ years. Our competitive service maximizes collections, minimizes errors with advanced claim submission review, and ensures faster payments, leading to improved collection rates and a streamlined reimbursement cycle for your laboratory.
Revenue Loss Detection
Thorough inspections, examining the entire billing cycle to detect potential areas of revenue loss and prevent further losses.
Coding Audits
By conducting coding audits, we proactively identify potential issues or areas of improvement. This helps us detect issues before they lead to denials or legal issues.
Expedited Reimbursements
our efficient processes and advanced technologies work seamlessly to minimize denials and expedite reimbursements for your services.
Rejection Prevention
Our proficiency in procedures acts as a defense against rejections, guaranteeing that you obtain the highest available reimbursement.
Single Point Service
One service provider for patient enrollment, insurance verification, and authorization, coding, payment posting, AR management, patient collections, coding audit, credentialing, contract negotiations, etc.
Scalable to Suit Demand
We can add or remove resources to adapt to your operational demand or scaling needs without causing disruptions.
Coding Challenges Testing Your Laboratory Billing's Accuracy
Expertise in coding is crucial for maximizing reimbursements in laboratory billing. The complexities of Current Procedural Terminology (CPT) and International Classification of Diseases (ICD) codes can lead to recurring errors that can significantly affect your financial flows.Â
Common CPT Codes
80053 (Comprehensive metabolic panel)
Precision in coding hinges on correctly identifying and capturing each component of the metabolic panel. Challenges may arise from misinterpretation of test results, leading to potential undercoding or overcoding based on incomplete information.
85025 (Complete blood count, automated)
Coding challenges may emerge from variations in reporting automated complete blood counts. Specific abnormalities, such as leukocytosis or thrombocytopenia, demand accurate coding to avoid underreporting or overreporting conditions.
84443 (Thyroid-stimulating hormone (TSH))
Coding intricacies may stem from the dynamic nature of thyroid conditions. Accurate coding demands attention to nuanced details, including specific TSH levels and their interpretation, to avoid misrepresenting the patient's thyroid status.
Common ICD 10 Codes
E78.0 (Pure hypercholesterolemia)
Specific coding challenges may arise from differentiating between hypercholesterolemia types. Accurate coding requires distinguishing pure hypercholesterolemia from mixed hyperlipidemia to avoid coding errors.
D72.829 (Other specified aplastic anemias)
Challenges in coding may emerge when categorizing aplastic anemias. Specific details on the type and severity of aplastic anemia are crucial to ensure accurate coding and appropriate reimbursement.
E03.9 (Hypothyroidism, unspecified)
Coding challenges may arise from the lack of specificity in coding for unspecified hypothyroidism. Detailed documentation on the nature and impact of the hypothyroidism is essential to prevent coding inaccuracies.
Serving Multiple Laboratory Specialty Providers
Our billing teams possess diverse experience with a wide range and types of laboratory facilities nationwide. Â Â
- Clinical Laboratories
- Microbiology Laboratories
- Pathology Laboratories
- Immunology Laboratories
- Genetics Laboratories
- Anatomic Pathology Laboratories
More Reasons to Choose Neolytix’s Laboratory Billing Services
Our billing team undergoes continuous training, closely supervised and audited by dedicated managers. Ongoing training is seamlessly conducted behind the scenes, incurring no additional costs to your organization and without impacting your medical billing, coding, and collections operations.Â
Round-the-clock support, powered by cutting-edge technology, and accessible through omnichannel customer service, including phone, live chat, text, and email.
Our teams are meticulously monitored by dedicated supervisors, providing quality control, and ensuring precision in the coding & billing processes.Â
Enhance revenue by leveraging our proactive approach in following up and appealing denials, ensuring maximum reimbursement.
Gain transparency in your billing operations with clear on-demand or scheduled reporting, and insights into your billing performance.Â
Neolytix stays vigilant in adhering to evolving healthcare regulations, ensuring that your Enterology billing complies with industry standards.Â
CUSTOMER TESTIMONIALS
Listen to what our clients have to say
Remove the Contaminants From Your Coding & Billing Operations
Take action today to improve your coding and billing operations. See guaranteed improvements within a month.
We’ve earned our confidence over 11+ years of helping laboratories improve efficiencies, revenue, and compliance.Â
100% Probability of Revenue Improvement
99% Claims Acceptance Rate
11+ Years of Experience
HIPAA Compliance
Start Your Organization's Revenue Improvement Journey Today!
Choose Our Specialized Billing Services for Seamless Revenue Management. Take the First Step – Contact Us for a Customized Quote.
