XIFIN processes more than 60 million claims per year across a wide variety of healthcare segments including clinical, hospital outreach, anatomic pathology, molecular diagnostics, toxicology and more.
The Laboratory industry has had a rocky ride in recent years, and there is no evidence it will let up soon; reimbursement faces ongoing compression from multiple fronts, changing healthcare models threaten to undermine Laboratory’s role in the delivery of optimized healthcare in an increasingly patient-centric world; and information sharing needs are fueling an explosion of healthcare IT demands. Healthcare is predicted to change more in this decade than it has in the whole preceding 50 years. By some estimates, 35% of current healthcare organizations will cease to exist within the next five years and another 40% will find themselves in a precarious position. Only 25% are projected to thrive over the next five years.
So how does a laboratory ensure it’s part of the successful minority rather than becoming a healthcare casualty? The key is understanding the critical role Laboratory has to play in healthcare delivery, and leveraging its unique information assets to earn a "seat at the table" as healthcare continues to be transformed.
From the beginning, XIFIN saw that laboratories need a platform to enable health economics optimization — not just a smarter billing system, but a technological and financial solution that lets laboratories gain the visibility and the tools they need to take control of their businesses
XIFIN is a proven partner in enabling laboratories to gain a competitive edge with an advanced technological foundation that not only better manages accounts receivable, but also enables an expanded Laboratory role in the emerging healthcare paradigm.