Why HIMSS 2023 Matters
Discover insights from the annual conference that can impact your organization. HIMSS 23 is right around the corner, running April 17-21 in Chicago, drawing attendees under the banner of healthcare information and technology. Although it is seen primarily as an event for hospitals and health systems, consultants, and healthcare IT providers, there are reasons to pay attention even if you don’t...
Improve Your Lab Efficiency by Integrating Your EHR and LIS
Advances in patient care continue to accelerate at record levels. Concurrent with this trend, digitized laboratory information systems (LIS) and electronic health records (EHR) are becoming even more essential for managing patient information—and improving the quality of care. Integrating these two systems can help streamline laboratory operations and improve overall efficiency.But not everyone...
How Radiologists Can Maximize Their MIPS Scores by Documenting Performance
Under the traditional Merit-Based Incentive Payment System (MIPS), there are four weighted performance categories that contribute to your total MIPS score. For this blog, we’ll be taking a closer look at the Quality Performance category, which has an impact of between 30 – 85% on your total MIPS score, depending on your practice size and patient population. Meeting the requirements of the Quality...
Avoiding LIS Disruptions: Applying Lessons Learned from Southwest Airlines
This blog expands on the impact related to a recent blog, "What Can Medical Providers Learn from the Southwest Airlines Fiasco." If you missed that blog, we encourage you to read it. In healthcare, especially laboratory testing, a significant percentage of medical decisions are based on test results. Laboratory test results influence approximately 70% of medical decisions that are made by...
Measuring Real Client Profitability for Diagnostic Providers with Large National Sales Teams
Finance and sales executives for diagnostics companies with large national sales teams are becoming sophisticated in measuring sales productivity in terms of number of calls, revenue per client, revenue per rep, and even revenue per call. To better serve clients and patients, providers can leverage analytics covering the full transaction cycle—order-to-cash—to determine actual client...
Optimizing Billing and Cash Collection—Valuable Lessons Specialty Providers Can Learn from Clinical Laboratories
In our work at XiFin, we support a wide variety of medical providers, many of whom share similar challenges. While our founders and initial clients come from the laboratory space, we see an expanding need for flexible revenue cycle technology and services in other specialty and ancillary spaces. Specialty providers like radiologists, pathologists, anesthesiologists, remote patient monitoring...
Outsourcing Your Billing Processes: When does it make sense for outpatient diagnostic services?
From IT and EHR support to back-office functions, hospitals are increasingly turning to business process outsourcing (BPO) to relieve staffing and financial pressures. Within the hospital ecosystem – where technology and processes are typically optimized for high-acuity clinical encounters – outpatient and ancillary services departments can find it difficult to overcome their unique business...
Automation Strategies for Molecular Diagnostic Market-Share Expansion
This blog post is the third in our series covering the keys to success for market-share expansion in molecular diagnostics based on our recently published whitepaper, “The Executive’s Guide to Molecular Diagnostic Market-Share Expansion”. If you missed either of the first two posts in this series, you can find the first post, “Molecular Diagnostic Market-Share Expansion: Keys to Success” here and...
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