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 has never been greater for gaining control of their reimbursement process. By selecting a partner like XIFIN, you gain access to the best practices and knowledge from its experience in helping 7 of the 10 leading clinical laboratories successfully manage and optimize their accounts receivable.
- Managing Administrative Complexity - New rules, policies, procedures, and guidelines for reimbursement have caught most diagnostic services providers, as well as billing services that support them, ill-prepared and overwhelmed. These changes are far from over – however, few of these are new to XIFIN. Our sophisticated rules-based workflow automation, and comprehensive systems upgrades that ensure critical resources and procedures are current, accurate, and efficient. And because our full time staff of dedicated, industry experts maintains your system, radiology centers no longer need to worry about their billing process keeping up with the latest changes that affect their reimbursement.
- GAAP Compliant Financials - Timely and accurate financial data is not only required for compliant billing — it is 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.
- 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.
Designed around industry best practices, and used to process more than 150 million claims for most of the nations’ largest laboratories, XIFIN has proven to an important partner in enabling diagnostic service providers to automate their billing systems, better manage medical claims filing, and reduce the costs associated with regulatory compliance.