The benefits of outsourcing your lab medical billing

Hospitals are operating in an era of intense competition

One of the keys to succeeding in this environment is efficient revenue cycle management (RCM)—which includes ensuring accurate billing and compliance.

This article will help you understand these challenges. Learn how a growing number of hospital laboratories are outsourcing their medical billing to third-party billing vendors. Outsourcing bypasses the technological limitations of legacy hospital platforms and brings lab-specific expertise and an accounts-receivable focus to billing and compliance processes. The combined effect can be a significant increase in collections, reduced billing costs, lower regulatory risk, and improved financial reporting.