A Small Introdction To Lab Medical Billing Services

1. Lab medical billing, a field of medicine where patients are tested for their health conditions. • Lab testing helps determine patient conditions and assists in diagnosis and prevention of the same. • Labs are different in sizes which gives rise to them having different requirements. • Several lab specialties like hematology, microbiology, immunology and pathology are present. • This number of specialties make medical laboratory billing services complicated to execute.

2. Success of any medical practice depends upon timely claim filing and profitable reimbursements. • Billing for lab services is complex due to intricate lab testing procedures. • Good knowledge of lab procedures and experience in billing is required to avoid claim denials. • And to obtain payments, understanding of general lab billing procedures is imperative. • This the reason why medical laboratory billing services demand expertise and knowledge.

3. One way to avoid the hassles of lab billing is to outsource them to an offshore billing partner. • Providers of outsourced medical billing services offer initial evaluation of labs and ease the onboarding process. • They work side by side with the in-house lab staff to better understand lab requirements and fulfill them. • They help identify key areas of growth and establish the best lab billing procedures to obtain payments. • With 100% HIPAA compliance and strong technological foundation they help streamline your lab operations.

4. Patient Scheduling and Eligibility Verification • Sales Order preparation and claims submission • Claim AR follow upwith insurance networks • Credentialing, Maintenance and Re-credentialing • 24*7 access to patient and financial lab information

5. Increased Savings and Improved Revenue Collections • Quicker Payments with Reduced Stress and Workload • Improved Business Performance and Productivity • Regular and Consistent Progress Reports • Reduced AR Days with Error Free Claim Submission

6. Outsourcing is an important decision to be carefully made by medical laboratory owners. • It is crucial for lab billing services providers to have the required expertise and knowledge of lab procedures. • Ever-changing billing and coding payer requirements pose a threat for lab billers. • Therefore, it is imperative that lab billing may only be handled by the experts in medical laboratory billing services. • Bikham Healthcare has years of proven expertise in offering profitable medical billing servicesto lab practices of all sizes.

7. Knowledge of complex lab billing procedures and codes • Lab medical billing related modifiers and diagnosis codes • Code variations among different lab specialties • Accurate and error free claim submission process • Expert negotiation skills on claim payments and denials.

8. The latest and most advanced billing software are put into practice. • This makes claim submission, payment posting and charges entry process seamless. • Advanced MD, Kareo, Web PT, Practice HER, Vericle are some of the billing software we use. • Having the best technology incorporated with the best minds in industry, helps us make lab practices grow. • Visit our website www.bikham.com to know more about our profitable medical laboratory billing services.

9. Laboratory Testing is a complicated field of medicine with varied specialties. This distinction in specialties gives rise to increased complexities and hardships in obtaining claim reimbursements. Bikham Healthcare, with its years of laboratory billing expertise and knowledge takes care of complete laboratory billing business from scratch and lets lab owners have the peace of mind and time to focus on their patients. Read on to discover more about our profitable medicallaboratory billing services.

10. General Queries: info@bikham.com Health Care: healthcare@bikham.com US Office 99 Wall Street #158, New York NY 10005 Finance & Accounting :  +1 800-935-0865