Revenue Cycle Management And Billing Solutions For Labs
As we all know, in this fast-paced healthcare environment, laboratories are under high pressure to deliver quick results, stay compliant, and secure timely payment. At StafGo Health, we promise to provide specialized Revenue Cycle Management (RCM) and billing solutions made specifically for diagnostic, clinical, pathology, genetic labs, etc. Our comprehensive services help you reduce your claim denials numbers, increase cash flow, and optimize your operational efficiency, allowing your team to focus on patient testing and care.
Why Should Labs Outsource Their RCM And Billing Solutions To Stafgo Health
Managing the billing cycle in laboratories is becoming more complex than ever due to ever-changing payer rules, a high number of tests to handle, and enhanced compliance requirements. That's why labs are choosing to outsource their billing and revenue cycle management to StafGo Health. We can act as a financial extension for labs, allowing them to navigate through a very complex billing landscape.
Specialized Lab Coding & Billing Expertise
We have a team of certified coders who make sure the appropriate use of CPT, HCPCS, and ICD-10 codes for a high volume of lab tests. Our coders stay up to date with the latest CMS and private payer rules to reduce the number of denials and ensure maximum reimbursements.
End-to-End Billing Management
Our team manages the full billing cycle, from insurance verification, validation of test orders, and claim submission to denial management and final posting of payments. Our RCM workflows are tailored in a way to minimize revenue leakage and speed up payment cycles.
Reduction in Claim Denials
Many labs face denials due to various reasons, like wrong diagnosis codes, failure in proving medical necessity, or a change in insurance policy. Our experts use denial analytics and a proactive approach to reduce lab claim rejections rate to a great extension.
Faster Payments with Shortened A/R Cycles
We gracefully align the submission process by doing verification of claims in real time and following up on a fast pace, which helps the lab to reduce the number of Days in A/R to a great extent and boost the cash flow.
Seamless Integration with Lab Information Systems (LIS)
Our team is proficient in the use of advanced and industry-leading platforms like LigoLab, Orchard, LabWare, and Comp Pro Med, ensuring safe data transferring, reduced manual entry, and accurate charge capture.
Compliance & Documentation Support
We ensure that your lab meets all the compulsory compliance requirements from CLIA, CMS, and individual insurance companies, whether you are billing for Medicare, Medicaid, or private insurance. This also includes verification of test orders and correctly using ABNs
Optimizing Lab Revenue Through Real-Time KPI Monitoring
Clean Claim Rate
First-Pass Resolution Rate
Days in A/R
Denial Rate
Patient Collection Rate
Improved Revenue per Test: Strategic KPI Analysis for Better Lab Profitability
Get more collections and less stress with our expert RCM professionals