Hospital Outreach Lab

Maximize Productivity and Improve ROI

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.

Faced with the increasing healthcare costs, economic pressures, and increased governance, outreach laboratories have less control over their systems and are challenged with the inability to accurately measure performance and program success. Good visibility coupled with efficient and effective operations can make all the difference. Get XIFIN’s automated, rules-based system and reliable financial analytical information to improve and standardize workflow, achieve the highest return on investment and maximize productivity.

XIFIN’s cloud-based business intelligence and technology platform, generates measurable bottomline that helps improve operational and financial performance. With XIFIN’s highly automated Revenue Performance Management (RPM) system, you can help improve cash collection, enhance efficiency, and maximize financial accuracy.

Besides driving down total cost of billing, XIFIN RPM enables laboratories to:

  • Improve Cash Collections – Collect cash faster, discover additional cash, and identify paid versus contractual allowed amounts
  • Reduce Operating Costs – By maximizing customer service staff productivity and eliminating billing IT infrastructure costs
  • Maximize Compliance with Guidelines and Standards - Proactively track, interpret and implement payor changes and reduce risk by ensuring compliance with OIG guidelines
  • Capture and Use Accurate and Precise Financials - Report general ledger-ready financials in accordance with GAAP/SARBOX, and gain full visibility over billing operations. Access detailed financial & operational performance metrics in real time

With XIFIN, you can seamlessly operate with efficiency to make well-informed, optimized decisions. For more information on XIFIN’s RPM, read the hospital outreach lab case study today!