Maximize lab revenue with streamlined
Laboratory Billing Services
Medod provides specialized laboratory medical billing services that cover every stage of Revenue Cycle Management (RCM). Our expert team manages the entire billing process—from payer credentialing and insurance verification to claims submission and old Accounts Receivable (AR) collections—ensuring laboratories receive accurate and timely reimbursements.
Our Laboratory Billing Services
Order & Demographic
Toxicology
Molecular
Clinical
Pathology
2019 Case Study Results
1st April
Started On
1 Year
Review Period
$86,000 to $144,000
Collection Increased
67 %
Revenue Increased By
Lab Medical Billing Services For Maximum Reimbursement
MedCod expert laboratory billing services include scrubbing and submitting claims within a few days, then tracking all claims until they are paid, resulting in greatly increased revenue
Comprehensive Laboratory Billing Solutions
Utilizing a professional laboratory billing service can significantly improve the efficiency of laboratory operations by streamlining revenue cycle management (RCM) and addressing common challenges such as frequently changing insurance policies, claim denials, and missed revenue opportunities. With the right billing partner, laboratories can optimize their financial performance while reducing administrative workload.
Medods MSO takes a modern and innovative approach to laboratory medical billing services, designed specifically for labs that process a
Our laboratory billing services guarantee accurate claims and a 98.5% First Pass Clean Claims Rate, maximizing reimbursements and reducing denials.
EHR/EMR Integration
In order to avoid claim denials due to coding errors, effective billing and RCM practices must be in place—however, the cost of maintaining this kind of an information system can be prohibitive for labs. One of the greatest benefits of working with an independent laboratory billing services is that you no longer have to worry about keeping up with coding changes and payer requirements. Our medical practice software can be integrated with your existing practice management, EHR and EMR programs, or it can be used alone to encompass all aspects of patient data and revenue management.
Always Up to Date
The coding and billing teams at MedCod are highly trained and experienced, but ongoing training is part of our business model, to keep everyone up to date on code changes and new payer requirements. Staying informed about coding and payor updates is crucial to maximizing revenue potential. A final step in our claims management process that helps us really stand out is tracking down the source of the error that caused the rejection or denial, and re-training the responsible party to make sure errors are not repeated. So, our laboratory billing solutions can optimize your billing process substantially.
The Lab Business Isn’t Getting Any Easier
Leverage Medcods MSO’s lab expertise to improve efficiency and increase revenue. Business development is crucial for driving growth and client relations in the laboratory services sector.
Ready To Maximize Your Reimbursements?
A member of our team will get back to you within 15 minutes.
For immediate service, give us a call at (800)-640-6409
Detailed and Transparent Reporting
With Medcod providing your laboratory medical billing solutions, you are relieved of the time-consuming and often tedious work, but will still know exactly what’s going on with your revenue. Our reports are presented regularly, and are designed to keep you abreast of several key performance indicators (KPIs). You will see how long it is taking to get paid and how the accounts-receivable balance is doing relative to the value of services provided, for example. You will see that you are getting paid faster and the proportion of unpaid bills gets smaller after working with us.
Our Services
- Medical Billing Collections
- Physician Billing
- Staff Administration
- EMR/EHR-Integrated Accounting
- PPO Contracting
- Financial Analysis & Reporting
- Physician Credentialing with Coding Evaluation
- EMR/EHR Custom Template Design
