Laboratory Billing & Coding Software
Run the business side of your lab facility with the help of AdvancedMD practice management software.
Comprehensive Solution for Laboratory Revenue Cycle Management
We offer the best solution for small and independent pathology laboratory facilities that want to improve operations, boost pathology lab revenue, and take control of the claims process. Choosing the right software for laboratory billing and coding is one of the most important decisions you can make. With AdvancedMD you get more than just a basic billing application, you get a comprehensive solution to help you manage and improve your revenue cycle from start to finish.
Claims Center Dashboard
Get all the information about the financial health of your laboratory with a claims center dashboard feature. Instantly see claims and productivity data, get real-time visibility into referral patterns, employee productivity, and accounts receivable.
Reporting Tools to Improve Performance
Make smarter decisions about the future of your lab business with the right data. Get the full picture of how you are performing and where there is room for improvement. We can help with accurate reports that improve your lab’s productivity and efficiency.
Scalability for High-Volume Labs
In a high-volume lab environment you cannot afford to make mistakes. Providers and patients count on you to quickly and accurately process samples and conduct lab tests. Keep everything organized and scale up or down instantly as volumes fluctuate throughout the week, month, or year with our centralized lab management solutions.
Paperless Options
Eliminate paper files from your practice with easy digital tools. Our electronic fax solutions automatically transfer information into your billing and EHR system to avoid the need for a team member to manually scan them when they arrive. Paperless referral systems and integrations with external EHRs allow you to remove paper entirely from your lab, saving money and improving operational flow.
Custom Worklist Assignments
Assign worklists to your staff members for various tasks, including pre-visit insurance verifications, denied or rejected claims, and patient or payer collection efforts.
Clean Claims Submission
The ability to submit clean claims is one of the most important parts of finding a new billing software for laboratory and pathology facilities. Rejected or denied claims are costly to rework and resubmit. And claims that you cannot rework are simply lost revenue that must be written off as bad debt.
AdvancedMD makes it easier to submit clean claims with our Claims Center. You get:
Claim Scrubber:
A comprehensive scrubbing service that catches the mistakes in your claims before you submit so when you send them off your claims are complete and error-free.
Claims Review
A fast and easy way to approve and batch process your claims, making edits in a single screen and sending them off. Flag specific claims for editing and review, or bypass the process for staff members who always get it right.
eClaims submission
A web-based clearinghouse with end-to-end management for your pathology and laboratory billing services. Submit online, then track claims through the process to quickly find and resolve errors or denials. The system will automatically match payments with claims so you can approve with a single click. For payers who do not accept electronic submission, the system can also print and mail claims as needed.
eRemittance payment processing
A simpler way to send and receive ERA and EOB files with no messy paperwork. Automatically match your laboratory services with specific charges and post payments from the platform. You can use eRemittance with an existing payer electronic data interchange, and we’ll help you get it all set up.
eEligibility insurance checks
Stop claims denials before they start with the ability to quickly check the status of a patient’s insurance prior to their visit. Review eligibility for procedures and make sure insurance information is always up to date for individual appointments or for all your upcoming pathology appointments in a single batch.
Complete Control Over Billing Codes for Pathology Services
Pathology billing services require a number of specialized billing codes, and AdvancedMD makes it easy to manage it all in your platform. Billing and coding staff can choose from the most common codes, or you can create customized lists to make it easier for employees to find codes that are rare, but essential to your services, including:
- Disease panels
- Drug assays
- Genomic sequencing
- Immunology
- Microbiology
- Molecular pathology
- Multianalyte assays with algorithmic analysis
- Surgical pathology
- Transfusion medicine
- Urinalysis
We continually update our billing and coding software with the latest ICD-10, CPT, and HCPCS codes so your team always has the most current codes to bill to the highest level of specificity and help you get the most from your reimbursements.
Streamlined & Customizable Billing Workflows
Get paid faster with an efficient and automated billing process. We offer convenient invoicing shortcuts that globally apply payments to every line in a single invoice to work through each payment faster, or automatically match payments with charges instead of manually sorting through each one.
You can quickly find and apply charges to patients by specimen and order, then customize the frequency and process for sending billing statements to self-pay patients or for balance billing.
Independent pathology facilities and laboratories that already use existing third-party accounting software (such as QuickBooks) can export all the reports into CSV files to transfer over to your software without any need for manual data transfer.
Powerful Reporting Features for Labs
Maximize your ability to improve operations and make strategic business decisions with more than 650 predesigned reporting templates already built into our system. Or you can customize the reports that you want to show specific information unique to your lab operations. Our AdvancedMD lab and pathology reporting tool makes it easy for you to see an overview of all the most important business information, then drill down into each piece of data for more detail, so you can make data-driven, strategic decisions for growth and improvement.
Get Started with AdvancedMD Laboratory Billing & Coding Software
Don’t waste any more time with inefficient or ineffective laboratory billing and coding software. Find out why so many outpatient labs trust AdvancedMD to help them streamline the entire billing process from start to finish and get paid more for the work you do. Contact us today to schedule your live demo.
