XiFin and Cordant Health Solutions to Present at G2 Lab Leadership Summit

With an estimated 5% of laboratory revenue lost due to inaccurate data, it is clear to most labs that a fix is needed. On August 3^rd Cordant will join me at the G2 Lab Leadership Summit in Denver, Colorado, to review market trends and impacts as well as showcase the financial benefits for labs using an automated insurance discovery solution. Cordant will speak to their business challenges and how they addressed those challenges.

Here is what you can expect from this presentation: 

• Discuss recent industry trends that are driving reductions in revenue, and adding more steps to the billing process
• Explain how insurance discovery enhances RCM workflow by creating a more efficient front-end process, reducing denials, and improving revenue recovery
• ROI Success: How Cordant recognized an opportunity to improve its cash collections and reduce staffing by integrating more effective insurance discovery

In an effort to combat rising bad debt, inaccurate data and PAMA cuts, XiFin RPM 9 ’s insurance discovery capabilities facilitate a more efficient front-end process for confirming patient demographics while providing a substantial return on investment. When eligibility fails, and system mining doesn’t produce usable patient information, XiFin clients have the ability to submit requests through an insurance discovery workflow that integrates partners like FrontRunnerHC. As a result, clients are able to automate their processes related to identifying and correcting data errors.

The shift in healthcare trends has had a critical impact on billing timelines. As a result, it’s important to acquire and confirm accurate patient demographics before the claim is submitted to the payor. Now is the time for clinical laboratories and pathology practices alike to reassess the efficiency of their front-end RCM processes to ensure they are collecting every dollar possible.

Want to learn more about Cordant’s experience with XiFin? Don’t miss our presentation on Friday, August 3^rd at 2 pm; visit our event page for more information and to request a meet and greet.