Billing & Accounts Receivable

November 2021 - Vol.10 No. 10 - Page #41
Category: Billing

Progressive 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 facilitate this process.

 


One in 5 facilities is taking advantage of a system for outreach billing and AR.


All laboratory sizes are now utilizing a billing system, with a notable increase among those serving 201-400 bed facilities.


Epic and Cerner are the leading vendors in use, yet the breadth of available options provides lab leaders with an array of choices.

Click here to view a larger version of this chart.


 

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