By employing sophisticated rules-based workflows and proven billing best practices, XIFIN reliably monitors and identifies non-compliant activity, enabling clients to reduce risk and ensure that critical compliance related decisions are executed consistently and correctly.
Even with billions of dollars in fines assessed to diagnostic service providers, establishing and maintaining reliable policies and procedures to ensure compliance is a often a challenge for most providers.
Architected from the start with compliance in mind, XIFIN’s medical billing platform enables providers to more effectively manage their compliance requirements through the use of sophisticated rules-based workflows and automatic system updates, which help to ensure that your billing process is operating according to the most current industry regulations.
Because it is provided as a hosted – SaaS (Software as a Service) – solution, the XIFIN system offers significant advantages over traditional billing software. From automatic system updates designed to ensure your that laboratory stays in compliance with ever-changing regulations, to a fully configurable billing process, which has been designed using proven best practices learned from our experience in processing more than 150 million claims. It's no wonder why many of the nations largest and most successful laboratories trust XIFIN to ensure accuracy, in this mission-critical aspect of their operations.
- Automatic Compliance Updates - With the dynamic nature of reimbursement and compliance, it is often difficult for providers that manage their own in-house billing system to keep up with the deluge of change. However, since it is delivered as a web-based service, XIFIN is able to eliminate this issue by providing its clients with near-instant access to system updates which help to ensure you stay in compliance with current industry guidelines and practices.
- Reduced Risk Of Fraud - In addition to the high costs associated with maintaining the IT infrastructure required to manage an in-house billing system, the OIG recently stated that proprietary billing software applications are highly susceptible to fraud. XIFIN on the other hand, has proven its stability and reliability, time and time again, by accurately processing over 150 million claims for many of the nations largest, and most admired laboratory institutions.
One of the keys strength of the XIFIN billing system is that it enables providers to retain complete control over their billing processes and priorities, yet through a sophisticated system of automated checks and balances ensures you are in compliance. In fact, The Council of Ethical Organizations (a non-profit compliance "watchdog" group) has recommended XIFIN as “The only laboratory billing solution that provides a practical means for managing compliance requirements.”