We offer comprehensive laboratory billing services and RCM solutions to optimize your laboratory practice operations and revenue. Whether you run a toxicology, molecular, clinical, or pathology lab, we handle all your finances and billing procedures.
First Pass Cleam Claims Rate
Reduction in A/R
Collection Ratio
Laboratory billing services can be a complex process, especially when managing multiple payers and insurance companies to keep a record of their reimbursements. So, since a decade, Nexus io has been a trusted laboratory billing services provider for independent clinics, hospitals, and reference laboratories. We have a proven track record of enhancing collection rates, reducing claim denials and gaining valuable insights into the revenue cycle. Our lab billing services can effectively handle high-volume, and low-dollar claims with accurate lab billing procedures, coding, and on-time claim submission.
What we offer:
Nexus io offers laboratory billing solutions that combine human expertise with advanced cloud-based PMS technology to enhance your laboratory revenue cycle. Our comprehensive revenue cycle management services provides:
Our AAPC-certified billers and coders specialize in laboratory billing and expertly manage all aspects of your denial management services. We ensure that every denied claim is thoroughly reviewed, appropriately appealed, and resolved promptly. Our team continuously monitors all denied lab claims and outstanding accounts receivable until full reimbursement is achieved.
Our PMS solution effortlessly integrates with your existing laboratory software and streamlines your workflow, including patient data, lab test reports, and billing procedures, significantly reducing overall administrative burdens. Both providers and patients can easily access any information, test results, and diagnostic reports online at any time, anywhere.
Our smooth integration process with your present EMR and EHR systems ensures seamless data flow between the laboratories and healthcare providers. This integration allows lab results to be automatically uploaded to the patient’s portal, while eliminating the need for manual data entry and reducing the risk of human errors.
Laboratories especially those specializing in molecular, toxicology, therapeutic drug monitoring, and diagnostics face complex billing challenges due to varied testing procedures and payer regulations. Our specialized lab billing services are tailored for these high-complexity labs, helping you accelerate reimbursements and minimize unpaid claims. Here’s how we make that happen:
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Along with billing, Nexus io supports all aspects of laboratory revenue management to ensure you receive payments more quickly and accurately. Our expert knowledge in lab-specific coding and compliance ensures that your lab billing meets all the regulatory requirements and maximizes reimbursement opportunities. Additionally, our advanced automated claim submission identifies all the potential billing errors before submission, significantly lowering denial rates. You will benefit more from improved collection rates by proactively pursuing follow-ups for denied or misadjudicated claims.
In addition to insurance reimbursements, labs often deal with outstanding balances from patients. Our lab billing service is highly successful in managing all aged accounts receivable for recovering payments for balances that are up to 120 days old. Key benefits of hiring our services for molecular, clinical, specialty, and reference labs:
Our cloud-based PMS solution offers comprehensive laboratory reports and analytics, providing everything you need from tracking sales representative performance to detailed financial summaries. You will be free from the time-consuming complexities of billing while having transparent visibility into your revenue cycle, outstanding balances, and all unpaid claims. Trusted by laboratories nationwide, you will also see improvement with faster payments and better cash flow for your laboratory.
Our achievements are a testament to our hard work team to deliver exceptional revenue boost results and gain the client’s trust in us.
Nexus io place the utmost priority on our patient privacy, we ensure that our healthcare revenue cycle management services fully comply with HIPAA regulations; to protect patient’s data with strong security measures:
Nexus io assists you with your laboratory’s precise transactions and billing procedures with efficient revenue cycle management services. Let us handle all your billing complexities so you can focus on growing your lab’s success and patient care.
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Nexus io is here to assist you in exploring how our revenue cycle management services can benefit your practice. Please fill out the short form to the right, and a billing expert from our team will get in touch with you shortly.
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