OUR BILLING SERVICES INCLUDE EVERYTHING REQUIRED TO OPTIMIZE YOUR REVENUE
A skilled billing staff with practical understanding of claims recovery is essential for the streamlined pathology billing process. The experts at KDL Medical Billing offer fully functional, straightforward, and understandable billing services that maximize your financial performance and development direction.
Challenges arise from specific billing rules for pathology clinics, organizations, and labs. Billers and coders must have thorough understanding of the sub-specialties of pathology as well as up-to-date working knowledge of billing standards and changes to CPT codes for pathology services in order to file and collect claims successfully. Clinical pathology laboratories must establish strong compliance procedures in line with shifting rules and regulations due to increased scrutiny and tighter constraints on laboratory billing practice management.
The Merit-Based Incentive Payment System (MIPS), which sets Medicare payments based on ratings in four performance categories: Quality, Cost, Improvement Activities (IA), and Promoting Interoperability, poses maybe an even bigger challenge than government and commercial rules. (PI). Pathology laboratories must report on six Quality measures and up to two IA measures in order to avoid payment reductions in 2020 and to get the maximum incentive.
If submitting successful medical claims and raising reimbursement rates weren’t difficult enough, timely sample processing and reporting are essential. The restrictions and reporting requirements taken together are complex and time-consuming, which causes payments to be lost or delayed. These difficulties may make or break your business for many pathology labs, but with help from a committed team of laboratory billing professionals and analysts, you can regain control.
To keep your lab profitable and with lower operational expenses, KDL Medical Billing offers thorough pathology billing services that detect and handle possible compliance, regulatory, and reporting concerns before they arise. In order to recoup lost money, we aggressively pursue unpaid claims, successfully collect on past-due accounts, and submit correct, timely claims for reliable revenue streams and cash flow. A shorter reimbursement cycle and increased profitability are the outcomes of the pathology medical billing services provided by our qualified medical billing specialists.
We welcome any inquiries or questions you may have about our medical billing services. Please feel free to contact us through our website or by phone, and one of our knowledgeable representatives will be happy to assist you.