XIFIN's financial management and service helps diagnostic service providers automate their billing systems, manage medical claims filing, and reduce the costs associated with regulatory compliance.
Designed around proven industry best practices harvested from more than 25 years experience in managing and optimizing the billing operations for some of the nation's largest laboratories, the XIFIN solution is a hybrid of traditional billing approaches that fills the critical gaps between traditional, on-premises software, and fully outsourced billing.
By using XIFIN to optimize process management while specifically targeting the root causes of costly billing errors that lead to bad debt, labor intensive rework, and compliance liabilities, our clients are able to realize gains of 8-20% in their net results within the first 12 months.
Improved Cash CollectionsXIFIN clients have achieved up to a 20% improvement in their cash collections and have significantly reduced unpaid and underpaid claims. |
Reduced ExpensesBy streamlining and automating their billing process, our clients are able to eliminate billing IT infrastructure costs and maximize staff productivity. |
Ensured ComplianceXIFIN proactively tracks, interprets, and implements payor and standards changes within the billing system and provides the ability to monitor and identify non-compliant activities. |
Increased Financial AccuracyXIFIN provides a suite of detailed operational performance metrics and financial reports that are in accordance with GAAP and Sarbanes-Oxley guidelines. |
As a leader within the diagnostic service provider billing industry, XIFIN has delivered unprecedented, sustainable results for clients through its comprehensive industry understanding and active participation with third party payors, trade associations, and standards committees.