Unite Your LIS & RCM and Truly Revolutionize Your Business
July 19, 2022
Laboratory RCM has traditionally been looked at as a “back-end” process, but this outdated view is changing as more and more laboratories are realizing that there is a better way to capture the important patient data needed for clean claims.
With LigoLab, it’s possible to access the accurate information needed for a smooth and productive billing workflow at order inception. That’s where verification and scrubbing components are shared by both the LIS and RCM modules, and real-time patient and payer data verification tools are seamlessly integrated into a live queue-facilitated workflow to prevent rejections and denials.
To learn more, we invite you to watch this LigoLab RCM Presentation.
Overcome an Industry Challenge, Reduce Data Quality-Related Claim Denials, and Increase Revenue
Nationwide, an estimated 35 percent of claim denials are caused by inaccurate or missing data which is primarily due to the human error component and time-consuming nature of manual claim processing. Standalone RCM systems substantially contribute to high denial rates and revenue loss. When LIS & RCM modules operate as separate silos, even if interfaced, the full capabilities of each cannot be achieved due to lack of consistency, transparency, and integrity of data.
Read More: The Connected Laboratory (Leveraging LIS & RCM to Grow Your Business)
LigoLab’s comprehensive and fully customizable platform includes powerful modules for Anatomic Pathology (AP), Clinical Pathology (CP), Molecular Diagnostics (MDx), Revenue Cycle Management (RCM), and Direct-to-Consumer (D2C). The platform is internet-enabled, can be hosted on a local server or in the cloud, and runs on any operating system.
Labs using this fully integrated platform can easily capture and verify valuable patient demographic and billing information on the front end of the billing cycle, a major advantage that leads to clean claims, faster payments, and optimized cash collection, all without the need for expensive and time-intensive manual processing of claims and resubmissions.
To learn more about LigoLab's fully integrated RCM, visit our Revenue Cycle Management Solutions page at LigoLab.com.