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In-sourcing your value-based lab billing process

eGuide

In today’s value-based care (VBC) healthcare environment, the decision regarding technology to support the revenue cycle management piece of the puzzle can have a deep and long-lasting effect on the success and financial health of your Lab.

The starting point is to decide whether to outsource the process or keep it inside. This includes evaluating both financial and non-financial impacts, and long-term cost and logistical implications. Once you’ve decided that in-sourcing is your best path forward, the most critical factor for your long-term success will be selecting the core technology system that supports the in-house VBC revenue cycle management process.


Topic: Medical Billing | Content Type: eGuide

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“We have seen approximately a three-fold improvement on a month-to-month basis of increased collections using AdvancedMD technology as compared to our previous technology provider. That has really been a step-change improvement with respect to the economics of the company.”

Michael Paul, CEO
Lineagen, Inc.

“With the new scheduler and EHR, we get a lot of the information up front, so when the patient comes in, unless they have something changed insurance-wise they’re already verified and ready to be taken back right away, it also makes it much easier for billing.”

Nancy Sutter
Office manager

“Everybody still does basically the same thing; they just do it in a different and better way that’s more efficient.”

Steve Wampler, MD
Greenhill Family Clinic

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“If we are waiting for a delivery or in between surgeries, we can log in, check messages or patient information and send electronic prescriptions as needed. Mobility is a good thing, and certainly being able to coordinate care with our patients from multiple locations is definitely a plus.”

Lisbeth Chang, MD
Sunrise Women’s Medical Group

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