Lab RCM

Leverage Expertise and Collective Intelligence to Deliver Automation

XIFIN RPM in the Lab

Labs face a number of issues, including decreasing reimbursement, increased competition for outreach work, and increased client demand for direct EMR interfaces. In response to the issues, laboratories are looking to drive out inefficiencies?especially in manual workflows?and reduce costs, and to improve their service offerings. Legacy software systems are inefficient and fail to support current revenue models.

Growing competition, advancement in technology, and increased regulatory changes are driving significant changes in the diagnostic services segment. Diagnostic services are critical to healthcare, and influence the majority of healthcare decisions.

Labs play an increasingly important role in collecting and reporting data to help reduce costs, measure medical outcomes, and better inform decisions for physicians, payors, and patients. To provide efficient levels of service, XIFIN RPM, ensures effective revenue cycle management (RCM), and offers the time-critical analysis for success.

Using XIFIN as your Lab RCM, you can:

  • Leverage multiple information systems to maximize the effectiveness of your business
  • Distribute and exchange functionality and billing information with other systems to streamline and speed the billing and collections process
  • Provide access to staff to search for patients’ outstanding balances while obtaining eligibility, co-insurance, and deductible information in real time
  • Accept payment from the patient or a client, wherever and whenever needed
  • Offer secure, self-service portals, to patients and clients in real time
  • Provide built-in edits, which automatically minimize the number of errors that enter a system initially to ensure the most clean claim submissions

With a superior total cost of ownership requiring no capital expense, upfront costs, licences, or equipment, IT personnel costs, data centers, or maintenance, SaaS based XIFIN RPM increases efficiency, and patient satisfaction. To know more about XIFIN's Lab RCM solution, contact us today.