LigoLab Gives Forward-Thinking Laboratories the Tools to Navigate Challenging Times

Thanks to continuing trends like high denial rates, a significant reduction in revenue due to reimbursement cuts, the constant search for qualified lab techs, and increasing patient responsibility for payment, accurate and transparent laboratory billing solutions have become priorities for clinical laboratories and pathology groups nationwide.

In particular, these issues threaten laboratories using legacy and standalone laboratory information systems (LIS systems) and lab revenue cycle management (lab RCM) processes, making it clear that unless they deploy modern and fully integrated laboratory billing solutions soon these labs are unlikely to survive the turbulence. 

Learn More: Six Reasons Why You Should Choose an Integrated Laboratory Billing Solution for Your Medical Lab

But all is not lost. LigoLab provides advanced pathology software that gives forward-thinking laboratories the medical LIS and lab RCM tools they need to operate efficiently and effectively no matter the challenges.  

LigoLab is one of the few LIS system vendors to offer an all-in-one LIS lab platform that supports and streamlines the complete life cycle of all laboratory technical and financial operations. 

Transparency is evident in the “Encounter,” a consolidated data entity that rests within LigoLab’s powerful lab RCM module. The Encounter provides a complete picture in real-time, consolidating everything from patient demographics and specimen info to payer information, pathologist diagnosis, and CPT codes - all via an audit trail that tracks and monitors all LIS system and lab RCM activity. All patient and specimen info is tracked throughout and fed into one comprehensive view on one screen, optimizing clinical laboratory workflow and streamlining the transition from testing and reporting to the distribution of lab billing statements and payment. 

Accurate and secure data consolidation begins immediately at order entry with White Pages demographic look-ups and validation of addresses from the United States Postal Service each just a click away. LigoLab users can also quickly do eligibility checks, insurance discovery, and preauthorizations. 

Additionally, new provider information can be added quickly and accurately because the LigoLab platform has a real-time interface with the Centers for Medicare and Medicaid Services (NPI Registry). 

These RCM tools provide timely and accurate info crucial to optimized laboratory revenue cycle management, and all are available in real-time thanks to the LigoLab’s deep third-party integration with lab vendors that specialize in these areas.

LigoLab users leveraging the platform’s LIS software and laboratory billing solutions experience never-before-seen efficiency. They also enjoy an accelerated cash flow, and an increase in margins due to higher productivity, all while gaining the ability to project incoming payments more accurately. 

Thanks to LigoLab’s all-in-one LIS laboratory information system and laboratory billing process solution, medical labs can stop wasting time and labor on the manual scrubbing and processing of claims, and instead can concentrate on what matters, and that’s working on all denials to ensure that the laboratory gets everything it’s owed without having to write-off bad debt.

White Paper: Maximizing Your Lab’s Profitability: The Case for In-House Lab Billing

The Best LIS Software also Supports Laboratory Billing 

LigoLab is a thriving business in Los Angeles that specializes in developing the best LIS software for pathology groups and clinical laboratories.  To learn more about our LIS pathology information system, we invite you to explore the anatomic pathology software section of the website and see what pathologists like most about the platform. 

Learn More: LIS System Benefits that All Pathologists Appreciate 

LigoLab ranks among the best laboratory information system companies thanks to its intuitive and flexible LIS system and unique pricing model. 

Learn More: LigoLab Informatics Platform: Uniquely Designed to Deliver Maximum Value

For more information visit LigoLab.com, and to request a LigoLab LIS system or lab RCM demonstration, contact a product specialist today.

CONTACT A LIGOLAB PRODUCT SPECIALIST