Bank Reconciliation Can Be Automated – Learn How

Diagnostic testing volume is at an all-time high due to the COVID-19 pandemic. As a result, it is more important than ever to automate as much of the revenue cycle management (RCM) process as possible. Adding more people to the process or more work on the existing people working the process is just not feasible and is costly. One part of RCM that often remains a manual process is bank...

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COVID-19's Impact on Lab Industry Testing Volumes and Dynamics — January 2021 Update

During a recent update on COVID-19's impact on lab testing volumes and dynamics, XIFIN Executive Chairman & CEO Lâle White said XIFIN is continuing to see a week over week increase in the overall volume of PCR testing following the winter holidays. Testing volume for December overall saw a slight downshift, mostly due to holiday activity. "The base volume is really back for most...

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Diagnostic Leaders Gain More Insight from Complex RCM Data in an Easy to Navigate Question and Answer Format: XIFIN BI Executive

To have insight into diagnostic business decisions and improve patient outcomes, healthcare executives must have access and visibility to data in order to precisely measure results and compare them to internal goals and industry benchmarks.Revenue cycle management (RCM) leaders, in particular, need better access to operational and financial data to make both strategic and tactical decisions...

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Error Processing Workflow Best Practices

A critical goal of providers is to submit clean claims promptly when billing for laboratory services, diagnostic x-rays, or durable medical equipment. Otherwise, they risk minimizing their organization’s revenue and overall financial success.Crucial to clean claims is understanding the importance of managing “Error Processing” queues. At XIFIN, we support our clients through regular complimentary...

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Top 5 Blog Posts of 2020

Through one of the most challenging years for the healthcare industry, XIFIN contributed thought-provoking articles to help traverse these difficult times. Here are 2020's most popular blog posts.1. How Upcoming Changes to United Health's Laboratory Test Registry May Impact Your LabWhen the COVID-19 pandemic was declared, United Healthcare (UHC) delayed implementing the Laboratory Test Registry...

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The Path to Touchless Insurance and Address Error Resolution

Enjoy the following content from our partner, Waveland Technologies. For the last few years, there has been a lot written and talked about on the topic of touchless claims. At its core, this topic is all about automation ― it starts with data accuracy in an effort to be more efficient, and reduce rework and costs. The net result, of course, is getting claims paid, faster.In the diagnostics...

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Connecting and Automating Diagnostic Revenue Cycle Management: Eligibility Verification Speeds Reimbursement, Drives Revenue, and Reduces Operating Cost

When laboratories and other diagnostic providers use multiple disconnected systems to manage the complexity of diagnostic claim billing and revenue cycle management (RCM), this often leads to errors, rework, and other inefficiencies, ultimately driving higher operating costs. Diagnostic providers sometimes attempt to connect or “bolt-on” supplemental capabilities to augment missing or subpar RCM...

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XIFIN Advanced Analytics Help Lab Leaders Gain More Insight from Complex RCM Data: BI Essentials

To effectively manage complex laboratory business decisions and optimize outcomes, diagnostic leaders must be able to precisely measure results and easily compare them to internal goals and industry benchmarks. Executives, finance leaders, billing, revenue cycle management (RCM) directors, and other departmental managers need operational and financial data access. However, they typically need...

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