Unlocking Success: 10 Essential Steps for Laboratory Billing Services

Healthcare labs play a critical role in the medical field by providing the foundation for critical decisions for essential medical procedures. According to a study, healthcare labs contribute to 70% to 80% of critical decisions that are made in a clinical setting or hospital. However, healthcare labs only earn 30% to 40% of revenue comparatively collected by other healthcare settings.

If healthcare labs don’t succeed in maintaining an error-free healthcare revenue cycle management system, then they have to struggle with increasing claim denials and reduced reimbursements.

Therefore, this article features complete information on the 10 essential steps of Laboratory Billing Services that’ll guide how to get paid for your services the right way.