Financial and Billing
Lab Billing: Lab Metrics Identifies Challenges
At LabMetrics, we understand the unique billing and financial management challenges faced by laboratories. One of the key issues faced by today’s laboratories is the lack of detailed information and benchmarking.
We bring experience with lab focused data tracking models to give you critical insight into your business performance, enabling you to make informed decisions. With the goal of maximizing billing efficiency and revenue, we work closely with your team to resolve these key questions:
- How can I capture lost revenue by improving procedure and test coding?
- Are there opportunities to reduce operating costs?
- How can I know my volumes and turnarounds in real time?
- Which service lines are the most cost-effective?
- Are any accounts overusing inventory and supply?
- How will reimbursement changes affect our bottom line?