Today, pathology practices and clinical laboratories trying to maintain a good financial performance is tough in an environment of increased regulations, reduced reimbursements and changing healthcare reforms. Added to this are the newer payment models, like the value-based payment model, which makes more reason to find ways to strengthen and optimize the Revenue Cycle Management(RCM) process. So how can one control costs, optimize revenues, and mitigate regulatory risks in today’s challenging healthcare environment and still differentiate oneself in the market?
Here are 5 essential ways that can help you enhance and make robust your Pathology practice financial health
For many of the above essential points cited, in-house workflows and personnel may be difficult to train and build upon given the present resources. Out sourcing to a professional vendor with expertise in the nuances of Pathology billingand compliances and keeping updated with the CMS regulations, is one way of increasing your revenues and also focusing on providing enhanced pathology quality care to your patients.Back