Unite Your LIS & RCM
Revolutionize Your Business
Improve Your Laboratory’s Revenue Cycle Process and Maximize Profit
LIS and RCM Data are Interdependent
so Why not Integrate them into ONE Powerful Platform?
Robust and Future-Proof RCM Business Solutions
Manage and curtail clerical mistakes on the fly with extensive data validations/error scrubbing
Utilize demographic check, address validation, insurance coverage discovery, and eligibility verification tools in real-time
Leverage full synchronization with third-party services such as:
Employ extensive rule-driven claim scrubbing engines with:
AMA and Medicare policies
Custom commercial payer policies
Individual client billing provisions
Minimize labor cost through automatic coding including TC/PC splitting
Simplify and streamline claim denial appeal management with a robust rule engine
Administer regulatory compliance protocols at every stage
Increase revenue with complete accounts receivable control and accessibility
Apply quality assurance throughout entire RCM operations, supported by comprehensive audit trail for optimal RCM management
Engage powerful data processing tools and gain accounting insight
Ensure high visibility with real time workflow queues and data processing
Create detailed statistical reports and dashboards to monitor trends and KPI’s
LigoLab RCM Business Solutions and Module Driving Forces
Increased operational efficiency through billing-focused automation
Surging productivity through seamless workflow design
Customized & streamlined statement distribution mechanics
Constant counteraction of industry challenges
Unparalleled client support
Expert turnkey developer team
Fully customizable reporting & statistical engine
Experienced medical billing counsel
Sophisticated patient/payer validation tools
LigoLab LIS & RCM
Dramatically Increases Laboratory Billing
Lab Billing Comparison Year-Over-Year: Prior Stand-Alone RCM vs. LigoLab LIS & RCM
All of our client laboratories reported substantial growth in total net collections. A number of our clients enjoyed up to 31% growth in year-over-year total net collections when comparing the LigoLab LIS & RCM with their prior legacy stand-alone platforms. Significant gains were reported across the board, with payer billing up 27%, patient billing up 30%, and client billing up 45%.
LigoLab Integrated Revenue Cycle Management
- Accelerate cash flow and increase margins
- Integrated and transparent platform
- Flexible distribution and automated statements
- Increase efficiency and automation (CPT and ICD coding)
- Clean claim validation and error correction
- Demographic, eligibility, and insurance discovery
Advantages of LigoLab Integrated Revenue Cycle Management
It All Starts in the Lab
so Shouldn't Your Billing Start There Too?
Laboratory Revenue Cycle Management (RCM) has traditionally been viewed as a “back-end” process. This outdated view is changing because accurate information needed for a smooth and productive billing workflow can now be interwoven throughout the LigoLab LIS workflow.
Unlike traditional RCM solutions, LigoLab starts the revenue cycle process at order level - verification and scrubbing components are shared by both the LIS and RCM modules.
Real-time patient/payer data verification tools prevent rejections and denials, and are seamlessly integrated into the LigoLab’s live queue-facilitated workflow.
LigoLab's pricing model was much more amenable for us to get and afford. With this top-notch solution in place, we have grown in a mutually beneficial relationship.
LigoLab enabled our pathology practice to quickly add a clinical lab and successfully automate internal billing operations, giving us a competitive edge in our market.
A big reason for our success has been working together and collaborating with LigoLab. That really helped propel us forward.
Working with LigoLab, top experts will be available. They will make time for you and encourage you to leverage other areas of the rich platform, which is very very special.
Overcoming Industry Challenges
Reduce Data Quality-Related Claim Denials
Significantly Increase Revenue
Nationwide, an estimated 35% 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.
A single platform ensures proper interchange of laboratory data.
User Error - Missing/Inaccurate Data
Manual Claim Processing
Non-transparent Laboratory Financials
Cumbersome/Complex User Interface
LigoLab Integrated Single-Source Platform
Live Data Error Prevention
Automated Billing Workflow
Full Financial Transparency
Cohesive/Unified User Interface
Simplified Statement Distribution Workflow – Faster Reimbursement
The all-in-one LigoLab LIS & RCM platform accelerates the process of reimbursement for payers, clients, and patients. Utilizing a permeating rule-based automation engine ensures accurate, transparent, and customizable statements, which delivers unparalleled business advantage.
LigoLab Powerful Bonus
Join Other World-Class Labs and Learn how LigoLab can Transform Your Business
The benefits of a modern, user-friendly, and reliable LIS & RCM operating platform are many. Contact us to request a demo and find out more.