Blog Posts by Date: Jan 2020


The Evolution of Diagnostics: Climbing the Value Chain

The diagnostics industry has seen miraculous growth in the last two centuries and continues to make great leaps forward. However, there is much still to be accomplished. One hundred fifty years ago, a doctor relied on his or her five senses to diagnose disease. Fast forward 100 years and physicians were starting to use basic tools to...

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Enhancing the Value of Precision Medicine Informatics

Exploring the value of precision medicine informatics (PMI), a recent XIFIN and The Journal of Precision Medicine study reported that approximately 60% of respondents said that their enterprise system, such as their EMR or EHR, did not meet or only partially met their needs as a precision medicine user.Survey-takers said the most challenging...

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Fighting Back Against Increased Claim Rejections Under ICD-10

The Dark Report recently reported that the implementation of ICD-10 diagnosis codes in 2015 has resulted in disrupted laboratory test billing and collections, rejected claims, and increased demands for medical-necessity documentation.Lab billing experts, including Kyle Fetter, Executive Vice President and General Manager of Diagnostic Services for...

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Top 5 Industry News Topics of 2019

2019 saw many policy changes and newsworthy events that affected labs and medical billers. Here is a recap of our most-viewed industry news articles of 2019:1. New Codes Effective July 1, 2019 – Proprietary Laboratory Analysis (PLAs)The following new codes may need to be manually added to the HCPCS file by the MACs with an effective date of July 1...

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Proving Your Lab’s Value and Embracing Lab 2.0

Lab 2.0 is a growing ideology in the laboratory industry that can best be defined as an effort to use diagnostics to help improve quality and outcomes while reducing cost. This means breaking away from laboratory norms and focusing more on innovation.The Lab 2.0 initiative is proving that with the proper use of diagnostics data, labs can not only...

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Hottest Blog Topics of 2019

In 2019 we discussed many thought-provoking topics and trends regarding laboratories, medical billing, revenue cycle management, and much more. Here is a short recap of the top 5 most-influential blog posts:1. Hidden Landmines in Revenue Cycle Management: Industry Challenges, Patient Engagement, and Denial TrendsMany trends in payor behaviors and...

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Critical Elements for an Accurate Total Cost of Billing

A miscalculation of the total cost of billing in a laboratory can lead to a weak bottom line and inferior laboratory accounts receivable performance. Often-missed line items, such as software maintenance, cost of reporting, business intelligence add-ons, and hardware costs, can result in a cost that's closer to four times greater than what was...

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Is Your Lab Ready for an AI Digital Pathology Workflow?

Efficiency remains a vital healthcare goal, and in the field of pathology, the future will be digital.  While cost has been a roadblock for some labs looking to digitize, recent metrics are beginning to reveal the benefits: Error reduction and consistent outcomes, faster turnaround times, slide sharing, and storage benefits are just a few of...

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