With nearly 10 years of success in managing some of the most complex reimbursement processes in health care, XIFIN is well-positioned to take on the increasing challenges radiology centers face.
For Diagnostic Imaging providers, the need to gain control of the reimbursement process has never been greater. Faced with the same reimbursement challenges and margin erosion that forced the clinical laboratory industry to optimize its revenue cycles, leading Diagnostic Imaging providers are demanding similar optimization solutions. As with clinical labs, Diagnostic Imaging providers now require highly automated processes, optimized workflows, and robust safeguards that reduce risk by ensuring that clerical billing personnel do not make decisions that adversely impact compliance.
- Managing Administrative Complexity - XIFIN employs a sophisticated, yet highly configurable, set of workflows that remove much of the billing process complexity by ensuring submitted claims are as accurate as possible, and providing deep visibility to all error processing queues. XIFIN’s process management tools enable further streamlining by providing a means to monitor, measure and troubleshoot workflows.
- Managing Compliance - Given the dynamic nature of reimbursement and compliance, it has been difficult for radiology centers who manage an on-premises software solution to keep up with the deluge of change. Understanding this challenge, XIFIN’s billing system was architected from the start with compliance in mind. Because XIFIN manages your billing system for you, our dedicated staff of IT and industry experts, are able to automatically update your billing system on your behalf, ensuring that your billing process is operating according to the most current industry guidelines.
- GAAP Compliant Financials - Timely and accurate financial data is not only required for compliant billing, it's essential to growing and optimizing your business operations. Going beyond traditional billing systems, XIFIN includes a complete financial accounting package that provides management with a detailed picture of both revenue and expenses, including precise, GAAP compliant, financial data for the general ledger.
- Detailed Analysis of Performance - You cannot manage what you cannot measure, and for this reason XIFIN offers access to a robust suite of detailed financial, performance, and operational reports, which serve to empower management with the information necessary to improve decision-making, enhance contracting and account management, and identify business areas that could most benefit from process optimization.
Designed around industry best practices, and used to process more than 150 million claims for most of the nation’s largest laboratories, XIFIN has proven to be an important partner in enabling laboratories to automate their billing systems, better manage medical claims filing, and reduce liability risks associated with payor and regulatory compliance.