Streamline your Lab’s Finances with Mehta’s Inclusive Laboratory Billing Solutions
Laboratory billing is a critical component of revenue cycle management. Inefficiencies or errors in the billing process can lead to significant financial losses.
This is where the role of Mehta Lab billing services comes into play. We provide proficiency in laboratory billing and coding, making it a cornerstone for your success.
Unlike other medical billing companies, we provide innovative lab billing solutions for high and low-volume claims. We have an efficient system in place that allows us to quickly scrub, file, and manage hundreds of claims, within 48 hours. Moreover, we assign a manager to each client who tracks all the claims and keeps a strict follow-up to ensure effective reimbursement.
We at Mehta, offer laboratory billing services as a standalone service or in a completely customizable service package that may include patient billing, insurance verification, medical coding, old AR collections, billing software, and more.
Labs We Serve
Hospital / Labs Order and Demographic Management, Clinical Laboratories, Molecular Diagnostics, Anatomic Pathology & Toxicology Laboratories
Our Streamlined Lab Billing process
Laboratory billing is a multifaceted process involving various steps including patient registration, coding of services, claim submission, confirmation of medical coverage, and follow-up.
Patient Registration
The billing process starts with gathering the patient’s insurance and demographic information.
Confirmation of Medical Coverage
Our experts verify the patient’s insurance coverage and the services covered under the insurance policy.
Coding of Services
Our team then assigns appropriate medical codes by converting procedures and patient diagnoses into universal medical alphanumeric codes based on the services rendered. We understand the significance of this step as a little mishandling may lead to claim denials therefore we perform it with utmost diligence.
Claim Submission
The next step is to submit the coded claims to the insurance company for reimbursement.
Follow-up
In case of discrepancies or claim denials, our team keeps up follow-ups to rectify errors, resolve issues, and ensure payment.
Compliance Expertise
We at Mehta ensure to stay compliant with the dynamic healthcare regulations.
Transparent and Detailed Reporting
Mehta offers effective laboratory billing solutions by providing real-time insights into your lab’s financial performance. Our experts present regular reports to keep the process transparent.
Experience Excellence in your Lab Practices with Mehta Laboratory Billing Services
Technology to Reimburse Every Dollar
Our lab billing services integrate superior A/R processes with advanced artificial intelligence to improve cash flow into clients’ pockets.
Seasoned Professionals
With a team of skilled professionals, Mehta can handle your administrative billing and non-core business functions allowing you to shift your focus to core responsibilities.
Data-Driven Decisions to Drive Results
We implement proprietary analytics to identify and fill gaps in the RCM process, thus, boosting the overall revenue.
Client-Centric Approach
We build effective strategies with our clients through easy access and transparent communication, supported by regular reporting. Our team is available to provide 24/7 support to our clients via phone or email.
Financial Analysis
We understand that financial analysis and reporting are essential for lab managers and providers to increase profits by tracking and identifying the areas that need improvements.
Therefore, we help lab managers combat challenges in the billing management process, like claim denials, coding errors, RCM issues and streamline the workflow.
So, if you are searching for ‘medical lab services near me’ your quest ends here, we at Mehta help you improve the financial operations of your laboratory by automating your billing process. Contact us today to take advantage of our exceptional outsourcing billing services, strategic planning, and decision-making and take your lab’s finances to the next level.