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The applications manage and streamline workflows based upon best practices and customer preferences. The system interacts with users and integrated resources throughout these workflows as it receives data, guiding, prompting and warning users, as needed, according to pre-defined rules. Particularly important for managing external activities, but used throughout the process, is the "closed-loop" logic that monitors the progress of all critical steps. Applications automatically take specific action delayed longer than a preset limit. The automation eliminates most clerical errors, speeds the process, and reduces staff as well as significantly improves management of the process.
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Although the applications are designed to enable best-practice workflows, within most workflows labs have some discretion on how various processes should proceed. XIFIN's applications are highly configurable, allowing them to be easily adapted to laboratory specific policies and procedures. The system employs hundreds of settings to tailor the applications and services to the specific needs of each laboratory. Most of these setting can be easily changed long after installation to match the changing needs of individual customers. Examples of Configuration Settings Include:
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Accurate financial data is not only required for compliant billing it is essential to understanding business performance. XIFIN employs many tools and processes to ensure accuracy of the data used and that it is used correctly. Examples of XIFIN's
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Adjustment Logic |
Automated Repricing |
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Automated Retro-Pricing |
Detailed Tracking Of All Errors and Denials |
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Date-driven Consolidation Tables |
Date-driven Diagnosis Code Directories |
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Date-driven Fee Schedules |
Date-driven Procedure Code Directories |
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Line-item Detail Payment Posting |
Net Sales Calculated At Expect Price |
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Test-level Pricing |
Exact Calculation Of Contractual Allowance |
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Payor Expect Price Up-Dating And Discrepancy Reporting Through Payment Posting Process |
Unprecedented Pricing Flexibility:
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In addition to a complete End of Month (EOM) accounting package, XIFIN provides access to over one hundred financial analysis and management reports. Though many reports are specific to billing's activities and operational performance, many are designed to analyze other, non-billing operations. XIFIN continues to add to its library of reports based upon customer requests. Experienced customers have demonstrated that active use of these analysis reports is a critical tool in their pursuit of process improvement: Kinds of Reports Include:
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