Recent White Papers detail solutions for implementing new payment strategies for medical laboratories and pathology groups
Clinical diagnostic laboratories, pathology groups and healthcare institutions are carrying significant and potentially unsustainable levels of unreimbursed services. Although bad debt and uncompensated care in the healthcare industry are not new, they have been increasing at the same time that downward pressure is being applied to reimbursement.
Medical laboratories and pathology groups are also facing enormous levels of change in their clinical, regulatory and financial environments. As the Affordable Care Act is implemented, laboratories see downward pressure on reimbursement at both the federal and payer level, coupled with increased emphasis on efficiency and quality.
Labs and health care providers need to seriously consider moving toward a retail business model. Changes in the health insurance market are now requirng patients to pay more out of pocket, and the perfect storm of bad debt and decreased requirement is pressuring laboratories.
DarkDaily is pleased to offer a recently published White Paper which speaks to the reasons why NOW is the time for laboratories and other healthcare stakeholders to shift to the retail model, and outlines the cultural and infrastructure changes that need to be implemented in order for labs, pathology groups and healthcare institutions to make the change.
Learning how medical diagnostic laboratories that transition away from the traditional accession-based business model to a client based business model can significantly improve their revenue cycle management, increase productivity which decreasing costs, and enhance their service delivery.
Process re-engineering, infrastructure investment and organizational expenses associated with such a shift in the laboratory business model are not insignificant. But, learning the right approach to adopting the patient-centric model will yield a cost reduction and improved revenue collection for medical laboratories.
Another White Paper produced by DarkDaily, in conjunction with Atlas Medical, will help you analyze how continuing the traditional transaction-based business model presents obstacles to operational efficiency and long-term business growth and why a patient-centric approach to records management and retrieval allows clinical laboratories and anatomic pathology groups to think and act differently.
You will be presented with a step-by-step work plan on how to develop a patient-centric medical laboratory, including practical examples of benefits and the use of tools that enable consolidated billing, eligibility checking, and longitudinal reportings.
Collecting More Dollars From Patients: Why It’s Time For Clinical Labs and Pathology Groups to Move To The Retail Model
Next Evolution of the World Class Clinical Laboratory: Using a Patient-Centric Business Model to Increase Efficiency and Revenue