Quadax Blog

Seven Keys to Success to Improve Out-of-Network Collections

According to Richa Singh of Collection Rx, 5-10% of healthcare revenue is lost due to lack of time and technology associated with the work involved to follow up on the cost of collections resulting from unprocessed claims, missing documents, and denials. In many instances, providers overlook claims that are not properly processed and, as such, miss out on revenue. More importantly, almost 40% [...]

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Pursue LDT Revenue Cycle Success with Cross-functional Collaboration

In many traditional lab organizations, the scientific product development group has historically produced new diagnostic tests without meaningful input and consideration of payer policy and revenue cycle demands. But what if the lab were to begin considering the needs of the revenue cycle even earlier?

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A Haunted House has Nothing on the Horrors of Cash Posting

For a cash posting manager, Halloween’s got nothing on the horrors of manual splitting, posting, and reconciling remittances.

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Hanging in the Balance: Balance Billing, Surprise Billing, & Healthcare Today

The topic of balance billing is in the news again, closely associated with the newer term, “surprise billing.”  Patient experiences such as those of Drew Calver, who received an unexpected $109K bill following treatment for his heart attack, have focused new attention on this long-standing issue. 

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Accelerate Receivables: Monitor KPIs for A/R Search and Rescue

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.

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