Laboratory Billing Services That Reduce Denials & Increase Revenue

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. 

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Collection
Rate

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Reduction
in A/R

Nexus io is a trusted leader in medical billing solutions, with over 250+ satisfied clients nationwide. Your practice could be our next success story.

88%

First Pass Cleam Claims Rate

30%

Reduction in A/R

90%

Collection Ratio

Outsource Lab Billing Services & Trust Experts for the Best Results

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:

  • Provides complete lab billing and RCM services.
  • Direct payment collection from payers and patients. 
  • Seamless integration with your LIS, EMR, and EHR
  • Real-time updates and customized analytic reports.

We Turn Complex Lab Billing into Profitable Revenue Streams

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:

  • Boost cash flow with efficient claims follow-up and collections
  • Get paid faster with accurate, timely billing tailored to your practice
  • Track performance with clear, customized financial reports
  • Speed up approvals with compliant, hassle-free credentialing
  • PPO Contracting to improve reimbursement rates and profits

Expert Denial Management with Expert Lab Billing Services

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. 

Best Billing Services for Complex Laboratory Testing

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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We Provide Optimized Billing Solutions for Lab Profitability

Clean Claims, Prevent Rejections and Reduce Aged AR

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.  

Providing Customized Support for Your Old AR Accounts

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:

  • Electronic claims and resubmission process.
  • Prompt denial handling to minimize rejections.
  • Improved overall revenue cycle performance.
  • Payment posting and reconciliation.

Data-Driven Financial Insights for Smarter Business Decisions

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.

Trusted By

Client Testimonials

Our achievements are a testament to our hard work team to deliver exceptional revenue boost results and gain the client’s trust in us.

HIPAA-Compliant, Secure & Reliable

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:

  • Securing patient information both at rest and during transmission. 
  • Always use strict access control with user authentication and authorization.
  • Conduct regulatory audits to address any vulnerabilities.

Let’s transform your lab’s revenue cycle—starting today.

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.

Let’s get in touch

Please provide the required information so we can reach you out.