Blog Posts by Tag: Laboratory
Laboratories on the Front Lines: Battling COVID-19
With the US now the new epicenter of COVID-19 incidents, laboratories find themselves on the front lines. XIFIN stands firm in our support of these dedicated entities whose work is crucial not only in these unprecedented times but as key service providers in healthcare overall. Laboratory COVID-19 Resource Center Amidst the current outbreak of respiratory...
A Message from Lâle White: Supplies Needed for COVID-19 Testing
As the situation surrounding COVID-19 continues to evolve, we want to assure you that we are here to support you. While testing volumes are increasing rapidly across US laboratories, suppliers are having difficulty keeping up with the demand. To that point, we have inquiries to locate excess Roche equipment and supplies that labs may be in a position to sell. Specifically, if you have a Roche...
Solution or Problem? Has the PDF Outlived Its Usefulness in Health Information Management?
The time has come to make the EHR smarter by allowing access to fully integrated and curated patient data that is readily accessible and searchable. It is only when we have completely interoperable systems with data analytics capabilities and no data locked away in PDFs that we will realize the full potential of electronic health information systems.How PDFs Became a Standard for Sharing Health...
Choosing to Outsource Your Revenue Cycle Management (RCM) or Do it Yourself? Key Considerations
Achieving operational efficiency throughout a hospital, health system, independent laboratory, or independent diagnostic testing facility (IDTF) is an important criterion to ensure success. Diagnostic leaders know that by gaining efficiency and effectiveness in their revenue cycle management (RCM) processes and improving cash collections, they can significantly improve the profitability of the...
XIFIN Makes Progress on Misuse of CO-45 Remediations
Last August, XIFIN reported that it had collected evidence of widespread and longstanding misuse of the CO-45 Remittance Advice Reason Code (RARC). The CO-45 is a charge that exceeds the fee schedule/maximum allowable or contracted/legislated fee arrangement. It represents the facility's contractual payment obligation, and the patient cannot be billed for that amount, which, instead, should be...
Why Your Lab Needs a Strategy to Launch Next Generation Sequencing
The Next Generation Sequencing market is growing at a rapid rate. Fortune Business Insights said the market was at $6.3 billion in 2018 and will surpass $31 billion by 2026, with a third of this market from NGS services. Contributing factors to this growth include drug discovery applications, diagnostic tests based on sequencing, and a rapid pace of new test kits and testing services.Challenges...
Outreach Labs Brace for Forthcoming Transparency Regulations
The Centers for Medicare and Medicaid Services’ (CMS) new hospital price transparency regulations will go into effect on January 1, 2021. Outreach labs are anticipating new challenges as a result of the rules.According to Adam Bonislawski’s article in 360DX, “Labs Brace for Potential Plusses, Minuses of Price Transparency Regulations,” the new regulations could: Interfere with a lab’s...
The Importance of Lab-Specific Revenue Cycle Management for Hospital Labs
As a laboratory leader, you understand the value and impact of the patient care data you generate for hospital and community patients. On the business side of things, however, you aren’t always provided with the appropriate tools and visibility to position the lab to also be a profitable business entity. The time is now to challenge your current revenue cycle situation, including system...
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