Why Is It Important To Have Streamlined Genomic Lab Billing Operations
Billing operations at genomic labs are quite similar to those at other medical specialties. Except, they have a few unique steps and challenges in their billing process.
These challenges can result in billing errors and denials. Apart from the errors and denials, genomic labs may also receive lower reimbursement for their services.
However, with the help of streamlined billing operations, most medical billing challenges at genomic labs can be overcome easily. An optimized genomic lab billing process can increase billing accuracy, improve reimbursement, and lower operational costs.
Apart from the improvements mentioned above, genomic labs can also enjoy a host of other benefits by optimizing their billing workflows.
Benefits of Optimizing Genomic Lab Billing Workflows
Although all revenue cycle processes are crucial, medical billing is slightly more significant in comparison. Lacking accuracy and efficiency in genomic lab billing operations can be damaging to the financial health of the healthcare provider.
Here are some top benefits of streamlining billing operations at your genomic lab:
- Fewer medical billing errors
- Efficient billing workflows
- Minimum billing lag
- Shorter reimbursement cycles
Optimize Your Genomic Lab Billing Operations with Sunknowledge
Sunknowledge Services Inc. has 17 years of experience in handling billing operations for genomic laboratories all over the US. Our tried-and-tested billing workflows and comprehensive case-specific SOPs help sort out billing issues quickly.
Our genomic lab billing services also come with an experienced Account Manager at no additional cost.
Leverage our best practices in genomic lab billing operations and unlock new sources of efficiency for your healthcare facility. If you are considering outsourcing billing operations for your genomic lab, here are some unique features of our genomic lab billing services:
- Flat hourly rate of $7 per hour per medical billing FTE
- 7-day free trial
- Free transition period
- Non-binding contract
- Access to our comprehensive case-specific SOPs and best practices
- Experience working on claims on both the provider’s and the payer’s side
Accurate medical billing is the backbone of efficient revenue cycle management. Ensuring smooth billing operations can help avoid a number of RCM hassles later on in the post-billing and reimbursement stage.
To learn more about our genomic lab billing best practices or for more information about our performance benchmarks, please contact Sunknowledge Services Inc., a HIPAA-compliant healthcare revenue cycle management organization serving healthcare providers all over the US since 2007.
