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Business Intelligence – Why EHR Revenue Cycle Modules Aren’t Enough for Hospital Labs (Part 4)

As the final installment of this 4-part series, we’ll review the remaining two considerations for hospital and health system lab leaders when it comes to selecting the right RCM system for outreach and outpatient laboratory services. As discussed earlier in this series, too often health system leaders expect outreach laboratories to use the hospital’s enterprise revenue cycle management (RCM...

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Improving Operational & Financial Performance – Why EHR Revenue Cycle Modules Aren’t Enough for Hospital Labs (Part 3)

As discussed in Part 1 and Part 2 of this 4-part series, hospital outreach and outpatient laboratories are often asked to use the hospital’s enterprise revenue cycle management (RCM) module that is offered as part of the EMR/EHR software in an attempt to save money or accelerate the return on investment on the enterprise software system. While this may seem like a smart, economical decision, it...

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Meeting Compliance Requirements – Why EHR Revenue Cycle Modules Aren’t Enough for Hospital Labs (Part 2)

As discussed in Part 1 of this 4-part series, too often we see hospital and health system leaders expecting outreach and outpatient laboratories to use the hospital’s enterprise revenue cycle management (RCM) module that is offered as part of the EMR/EHR software. While the health system may believe that the enterprise RCM system is the most cost-effective option, this fails to take into account...

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PAMA Data Collection & Reporting – Why EHR Revenue Cycle Modules Aren’t Enough for Hospital Labs (Part 1)

Hospital and health system laboratories are under many of the same pressures as independent clinical laboratories. Compliance obligations and continued fee compression place a tremendous economic burden on many labs. While in the past, some hospital and health system leaders overlooked the economic value of the outreach lab, these leaders now recognize that outreach labs can add both strategic...

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Maximize Profitability and Define Value for Hospital Outreach Labs

At the recent ASLCLS / CLMA Iowa meeting, I was encouraged by the emphasis being put on the outreach laboratory business.  Although frequently (still) viewed as services as opposed to profit generators, there are tremendous efforts being made to change this focus and demonstrate the value of the laboratory.  Through standardization, strategic concepts, KPI’s and analytics, previously...

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5 Key Performance Indicators for Outreach Labs

At HIMSS 2018, Charles V. Wilson, Vice President of Operations at Robert Wood Johnson University Hospital (RWJUH) presented a session with XIFIN Executive Vice President and General Manager of Diagnostic Services on “Building an Analytics-Driven Laboratory Outreach Business”. In the session, Charles showcased how their laboratory team at Robert Wood Johnson University Hospital pursued an...

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What You Need To Know About TCPC Programs

XIFIN hosted a webinar on how to Boost Your Lab’s Revenue with an Effective TCPC Program. In case you missed it, here is an overview of the big takeaways:What is a TCPC program? TCPC refers to a revenue sharing model in which the referring physician practice sends its specimens to an outside laboratory for the processing of the specimens into slides. After the specimens are processed, the...

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