Billing Assessments & Compliance
Ensuring Accuracy and Transparency in Financial Reporting and Practices.
With Bikham's vast experience in optimizing Laboratory Billing, our staff of professional lab managers and billing experts provide you with a detailed assessment of your laboratory’s billing functions. Our Team comes in and takes access of your LIS / BIS and clearinghouse, reviews all financial data and reports to give you a comprehensive analysis of the current key factors, pain points, bad debts that your Lab is going through, alongside presenting optimization solutions.
We are highly experienced at analysing and identifying revenue cycle problems.
Our assessments are customized to the needs of the client and their particular situation at the time, but can include:
- Review of in-house compliance programs and CPT coding for laboratory procedures.
- Analysis of revenue loss from medical necessity with recommended changes to follow-up procedures to insure greater compliance.
- Detailed analysis of the laboratory’s billing and collection history to pinpoint areas of opportunities for performance improvement.
- Examination of fee schedules, provider arrangements and CPT coding, and recommended changes to address situations where claims are denied or inadequately paid.
- Operational reviews of billing functions to determine appropriateness of systems and resources to perform activities.
- Review of internal processes with recommendations for streamlining patient registration, the pursuit of missing information, and the collection effort.
The cost of our operational assessment is estimated based on the time required by the scope of work agreed to in advance. The assessment fee may be reduced or pro-rated if your lab decides to contract with Bikham Healthcare for additional Lab Billing and Coding Services.
We are confident that our detailed assessment and follow-up recommendations will translate into major cost savings and revenue recovery opportunities for your laboratory.
