From the beginning, XIFIN’s founders saw that with the accelerated pace of change in the healthcare industry and increasing demands for connectivity, a new paradigm was needed. In 2001, XIFIN introduced its groundbreaking laboratory billing solution—the first comprehensive accounts receivable and financial management solution designed specifically to address the problems that undermine the effectiveness and efficiency of laboratories’ revenue cycle management.
Taking advantage of its cloud-based platform, XIFIN wrapped its solution in a comprehensive set of managed services that removed not only the IT cost and maintenance burden that typically accompanies software, but also took on the never-ending task of keeping data logic and edits current, and performing all daily processing and management of online submissions. Today, XIFIN’s billing solutions service diagnostic service providers of all types — including clinical, hospital outreach, anatomic pathology, molecular diagnostics, toxicology, and radiology providers ranging from early stage startups to the nation’s largest laboratories and practices. XIFIN processes more than $29 billion in claims per year on behalf of its clients, and has realized over $3 billion in cumulative net cash collection gains for them.
Since 2001, XIFIN has continued to extend its platform and broaden its offerings in support of Health Economics Optimization. Recognizing that the continuing digitization of healthcare represents an opportunity to deliver end-to-end patient connectivity, XIFIN now has a set of portals and applications built on the Health Economics Optimization Platform backbone that employ web service technologies for that purpose.
XIFIN has further leveraged its laboratory billing roots dealing with some of the most complex data and workflows in healthcare today to develop its world class Business Intelligence functionality. XIFIN provides enterprise-grade BI that gives providers access to the information they need, when they need it, to make the best financial and clinical decisions.
The common thread running throughout XIFIN is a vision of Optimized Health Economics—creating an environment in which patients receive the best healthcare at the lowest cost to themselves and the healthcare system as a whole. Our cloud-based solutions plus services delivery model, emphasis on secure standards-based interoperability and connectivity, perspective of leveraging the collective intelligence that derives from such systems, and a dedication to performance measurement, analysis, and optimization all support that vision. Our goal is to unlock a world where healthcare operates with efficiency and makes informed, optimized decisions, where information is leveraged both to build healthy organizations and to deliver the best care and patient outcomes possible.