How are some of the payers’ Prior Authorization (PA) programs impacting your laboratory’s bottom line and what can you do about it? Increasingly, retroactive authorization after performing lab tests is becoming a less viable option; as is fighting denials for lack of Prior Authorization during the appeal process. While some payers still allow retroactive authorization, in general, laboratories [...]
Vital and vibrant at 45, we believe that the truest form of success is the ability to sustain the pursuit of continued excellence. What’s our secret? We wisely engineer the agile, cutting-edge solutions that given our experience we know will best benefit our clients. Exercising responsibility and good stewardship in every decision, we partner with our clients to serve their revenue cycle [...]
Is your cash stranded in the vastness of your lab’s accounts receivable (A/R)? Targeted revenue search and rescue efforts can improve your lab’s financial performance. Know where to send the search party—monitor key performance indicators (KPIs) Days in A/R and Aged A/R.
Increasing financial pressure related to changing healthcare economic realities requires the pursuit of continuous improvement and streamlined productivity. To attain continuously advancing revenue cycle goals, every element of your business office system must be a high-performing contributor – especially your claims clearinghouse.
***UPDATE: MBI Lookup Tool Now Available through Your MAC***
All Medicare Beneficiary Identifier (MBI) lookup tools are ready for use on Medicare Administrative Contractor (MAC) secure portals. If you don’t already have access, sign up for your MAC’s portal to use the tool.