LigoLab gives forward-thinking laboratories the tools to successfully navigate these challenging times
November 15, 2023
Thanks to continuing trends like high denial rates for claims, a significant reduction in revenue due to reimbursement cuts, the constant search for qualified lab techs, and an increase in patient responsibility for payment, accuracy and transparency have become priorities for Molecular, Clinical and Anatomic Pathology laboratories nationwide.
The issues confronting the industry are a real threat to laboratories using Laboratory Information Systems and Revenue Cycle Management processes that lack a foundational link to administer laboratory tests. Without a modern and fully integrated solution, these labs are unlikely to survive.
LigoLab gives forward-thinking laboratories the tools to successfully navigate these challenging times with the LigoLab AP/LIS + RCM platform, a platform that supports and streamlines the complete life-cycle of laboratory and financial operations.
Transparency is evident in the “Encounter,” a consolidated data entity that rests within the LigoLab RCM module. The Encounter provides a complete picture in real-time, consolidating everything from patient demographics and specimen info to payer information, the Pathologist’s diagnosis and CPT codes - all via an audit trail. All patient and specimen info is tracked throughout and fed into one comprehensive view on one screen, optimizing the workflow and streamlining the transition from testing and reporting to distribution of statements and payment.
Accurate and secure data consolidation begins at order entry as White Pages demographic look-ups and address validations through the United States Postal Service are both just a click away. Users can also quickly do eligibility checks, insurance discovery and pre-authorizations. 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). All of these functions can be performed in real-time thanks to the LigoLab’s deep third party integration with these vendors that specialize in these areas.
Users of the integrated LigoLab AP/LIS + RCM will experience the ultimate in efficiency. They’ll also enjoy an accelerated cash flow and an increase in margins while gaining the ability to project incoming payments.
Thanks to LigoLab’s solution, labs can stop wasting time and labor on the manual scrubbing and processing of claims, and they can concentrate on what really matters, working on any and all denials to ensure that the laboratory gets everything it’s owed without having to write-off bad debt.
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LigoLab LLC is a thriving business in Los Angeles that specializes in software licensing for pathology and clinical laboratories, no matter the size. LigoLab competes with the giants of the laboratory industry thanks to its unique pricing model and its all-in-one Laboratory Information System (LIS) and Revenue Cycle Management (RCM) platform, the LigoLab AP/LIS + RCM.
For more information visit LigoLab.com. To request a LigoLab AP/LIS + RCM demonstration, contact Suren Avunjian at (818) 395-4659 or email@example.com.