Laboratory Billing Services

Enhance Revenue Collection for Laboratory Billing

In a healthcare laboratory, clinical specimens, such as blood, urine, tissue, or DNA, are tested to gain information about a patient’s or population group’s health. Laboratories in healthcare can aid in disease diagnosis, treatment, prevention, and research. There are various laboratories, such as medical, public health, and molecular diagnostic laboratories, each with specialty and applications.

Laboratory billing services in medical billing assist laboratories in processing and collecting money for the tests they perform on clinical specimens. Laboratory billing includes coding, claim submission, payment posting, denial management, patient balance billing, and reporting. It can assist laboratories in overcoming the obstacles of high-volume, low-dollar claims, complex rules, payer policies, and documentation standards.

At BLS Medical Billing, we understand laboratory billing is an essential tool in any organization and is vital to its success. We know that laboratory billing is distinct from other medical billing specialties as it entails a complex array of CPT codes and requires compliance with the most recent norms and regulations. Our team of experts can handle your laboratory billing and give you the best solution according to your needs.

How We Streamline and Simplify Your Laboratory Billing Process

BLS understands the difficulties and complications of laboratory billing. We have created a streamlined, straightforward method to manage your laboratory billing requirements. We implement the billing software that automates laboratory tasks such as data entry, claim submission, and payment posting. Automation can reduce errors and improve your billing process and revenue cycle. 

Our system can integrate with the laboratory information systems (LIS). It allows a quick and smooth flow between the laboratory and billing process. Also, it makes sure that data is transferred accurately, reducing the chances of errors and improving the overall billing process. Our staff verifies the information on patients’ insurance before we deliver services. It can reduce the chances of denials and ensure precise information is used. 

The BLS team can communicate openly with our clients and give regular updates and feedback to our clients to ensure the services are provided according to their needs. We use the latest software and technology to streamline and simplify the process and provide precise and accurate results to our clients. Our staff stays up-to-date with the latest trends and standards to ensure your billing process follows standards. 

Types of Laboratory Billing Services We Serve

BLS Medical Billing is a versatile and adaptable organization that can serve many healthcare laboratories. We have billing knowledge and expertise for various kinds of laboratory tests, such as:

Clinical chemistry: We can bill and code for tests that assess the chemical components of blood and other body fluids, including glucose, electrolytes, enzymes, hormones, lipids, and medications.

Hematology: We can bill and code for tests that examine blood cells and coagulation factors, such as complete blood count, blood smear, hemoglobin, hematocrit, platelets, and clotting time.

Immunology: BLS can code and bill for immune system testing, such as antibody tests, antigen tests, immunoglobulin tests, and tumor indicators, that assess the immune system’s reaction to infections, allergies, autoimmune illnesses, and malignancies.

Molecular diagnostics: Our team can bill and code for genetic testing, molecular pathology, and cytogenetics, which investigate the genetic material of cells and organisms, such as DNA, RNA, and chromosomes, to find mutations, variations, and abnormalities related to diseases.

Pathology: We can bill and code for tests that evaluate the structure and function of tissues and organs, such as biopsy, histology, cytology, and autopsy.

Toxicology: Our staff is capable of billing and coding for tests that detect the presence and concentration of drugs, alcohol, and other substances in the body, such as a urine drug screen, blood alcohol level, and therapeutic drug monitoring.

Benefits We Offer

BLS offers numerous benefits to a healthcare provider and helps them increase their revenue cycle. Here are some of the benefits we offer: 

• We help you save money by handling the entire billing process for you, from submitting claims to making payments to dealing with denials. You do not need to invest in costly software, hardware, or employee training.
• Our team assists you in increasing your revenue by ensuring that we code and bill your services accurately and optimally, following the most recent rules and regulations.
• We help you comply with the complex and ever-changing requirements of Medicare, private health insurance, and third-party payers. We also use state-of-the-art encryption and backup systems to ensure your data is secure and protected.
• BLS assists you in enjoying the convenience and flexibility of outsourcing your billing to a professional and reliable team. Using our cloud-based platform, you can access your billing data anytime, anywhere. You can also choose the billing model that suits your needs and preferences: bulk, mixed, or private. 

BLS Medical Billing is the finest option for laboratory billing services. We provide the experience, skills, and technology to help you streamline and simplify your laboratory billing process so you can focus on what matters most: your patients. Contact us today to discuss how we could assist you in developing your practice and increase your cash flow.