Billing & Accounts Receivable

July/August 2021 - Vol.10 No. 7 - Page #18
Category: Billing

A substantial portion of the laboratory director’s role is striking a proper balance between clinical operations and business operations in a progressive manner. Many laboratories are employing advanced billing and accounts receivable systems to not only help gain and track outreach business, but to demonstrate cost savings and profits when seeking approval for new and advanced instrumentation and broader methodologies, in house. Transparent revenue cycle management (RCM) in laboratory outreach can enable expansion in the scope and quality of laboratory services overall, and advanced billing and AR systems help enable this process.


While 90% of facilities are satisfied with their systems, improved consumer engagement may bring more awareness and improved satisfaction to these systems.


Epic, Cerner, and McKesson lead this marketplace. The breadth of options available provide laboratory leaders with an array of excellent choices.

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In seeking to take advantage of the potentially considerable benefits of outreach laboratory business, 88% of those facilities planning to implement a billing system for outreach will do so within the next 2 years.


Epic has a commanding lead in vendors under consideration, but is also joined by several other systems that enable custom combinations of billing and accounts receivable solutions.

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WHERE TO FIND
Billing
For a full list of vendors offering Billing, go to: www.medlabmag.com/findit
Key Billing Suppliers
Change Healthcare
ELLKAY
LigoLab Information Systems
NovoPath
SCC Soft Computer
Telcor Inc

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