Reduction in Unbilled Medicare Expenses Due to Missing or Erroneous Data
NICL Laboratories discusses how XIFIN RPM improved its collection on Medicare and nursing home claims
NICL Laboratories is a leader in providing comprehensive laboratory services. NICL specializes in diagnostic testing for hospitals, physician practices, long-term care facilities, research institutions and leading employer wellness organizations. NICL's mission is to provide outstanding diagnostic services and patient care through its leading clinical staff and customer service professionals. NICL ensures the delivery of the highest degree of precision, accuracy and consistence in every test performed. NICL introduced the LIS concept to its clients many years before most laboratories and hospitals had even considered it.
NICL chose to work with XIFIN because the of the XIFIN team's extensive laboratory billing expertise. NICL also appreciated that while the XIFIN billing solution is a technology solution, it is supported by managed services provided by highly qualified people. XIFIN works closely with NICL to make sure it is getting the most out of the system.
NICL saw a return on its investment right away. The number of unbilled Medicare expenses due to missing or erroneous data was cut in half almost immediately once XIFIN RPM was in place. NICL saw similar benefits from XIFIN's unique approach to census data, which quickly reduced unpaid balances from nursing homes.