SERVICES & SOLUTIONS
Laboratory RCM Built to Maximize Revenue
A suite of billing solutions developed specifically for laboratory claims
Make every test more profitable
with one platform that does it all
Claim Scrubbing
Data integrity checks, payer management rules, and benefits review
Remittance Posting
Timely postings accompanied with monthly breakdowns
Compliant Services & Security
Quality regulatory compliance protocols with HIPAA and HBMA
Cloud-Based Innovations
Cloud-based automations for demographics entry
Insurance Billing
Working with all public and private payers
Insurance Collections
Denial management and follow up
Customizable Dashboards
Trends, performance, and insights specific to your lab’s preference
Patient Services
100% U.S. based patient support team that answers all billing questions
Patient Statements
Automated data input, patient services team, and payment portal
Financial Reporting
Real-time analytics access, KPI’s, and reporting
Automated Workflows & Integrations
Electronic data entry compatible with any exisiting LIS system
Innovative Technology Built In-House
Proprietery software and technology that our experts craft and improve daily
More than software
equip your lab with better lab billing services
- All lab billing services are performed and monitored by efficient, experienced staff who are laboratory reimbursement and claim experts
- Federal, state, and commercial payer compliance regulations are monitored and followed by our team of professionals who keep you informed of any changes
- Dedicated account managers answer questions and give you a thorough analysis of your financial performance
- Patients have a 100% U.S. based services team that has over 50 years of combined experience in explaining lab statements and EOBs
- Our team of in-house developers are experts in building and navigating technology that works with your lab’s environment and needs
Claim scrubbing
Phytest has introduced the most advanced and flexible claim scrubber tailored specifically for labs. Take control of your laboratory’s revenue with customizable rules that meet your needs when we process your claims and post your payments.
Every laboratory claim goes through a series of checks before ever being sent to the payer. Our solution identifies potential denial indicators and our expert billing staff make the necessary corrections quickly. You can sit back and receive faster reimbursements on your laboratory claims without the delays typically experienced with traditional medical billing companies.
Individual claim inspection
Individual claims are scrubbed based on payer requirements, patient age, CPT, ICD-10, LCD guidelines, and more.
Decision-tree based solutions
Claims run through a system of checks and rules that are customized to give the best probability of profit.
Learning and customizations
Our team of business analysts and in-house developers frequently update our technology in accordance with updates to compliance and code changes, and new regulations.
Our portal tools are made to help you identify areas of improvement and make actionable decisions for the future of your facility. Dedicated account managers will meet with you monthly to review your performance and discuss your needs.
Web-based portal
Accessible on any device, anywhere. Key performance indicators (KPIs) can be viewed quickly such as monthly collections, gross collection revenue, daily postings, and more.
Aging analysis and denials
Monitor where your collections fall by payer, aging analysis, and by denial reasons to better understand how your claims are being processed.
Customizable and pre-made reports
Calculate where your financials are by payer, patient, CPT, aging, balances, and more at one click. Specify your parameters and quickly export reports to aid in your decision-making.
Reporting and metrics
Get the in-depth data you need to successfully measure the performance and growth of your lab. Reporting and analytics are available in real-time, so you aren’t left guessing how your financials are moving on the backend. View insights on payers, aging reports, denials, client billing, patient level collections, and more.
A/R and denial management
Every day, it becomes harder to obtain full reimbursement on laboratory claims. Both in-network and out-of-network claims come with their own unique challenges that traditional medical billing companies do not handle properly. Our laboratory-focused revenue cycle management process addresses this challenge.
Take the guesswork out of correcting denials and knowing how much reimbursement is being held for different indicators. Phytest ensures every rejected claim is handled and corrected by our team of experienced, on-shore billing staff that work with patients, providers, and payers personally to get your lab the reimbursement it is owed.
Denial identification and correction
While 100% clean claim submission is the goal, any denials are corrected and resubmitted properly by our team of reimbursement specialists.
Tracking and follow-up
Resubmitted claims are tracked automatically, and our team works on follow-up until the claim is successfully accepted.
Custom rule-based prevention
Our developers build custom rules to identify potential denials and flag them for correction before they’re sent to payers.
Serving laboratories of pathology and genetic specialties
Pathology
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Women's Health Genetics
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We make things work together so you don’t work harder
We combine our expertise in technology and customer service by catering to each client’s needs for growth. Phytest offers workflows and automated solutions that are customized to perform specifically for each facility’s existing environment.
LIS integration
We work with any LIS system and improve existing workflows with quality assurance, data processing, automation, and custom payer policies.
Clinic support
Provide your clinics and their patients with the materials necessary to help them better understand their bills, who to contact, and what our role is in their experience.
Automations
From receiving orders from providers to managing claims and posting statements, our automations fit to optimize the billing and accounts receivable processes with reduced errors and labor.
Personable support
Clients and their patients alike can expect a live professional available to answer their questions and concerns easily, fully, and quickly.
Unparalleled service you & your patients will love
More than a business transaction – working with labs is a vested partnership in your success. We deliver unparalleled client and patient support by prioritizing availibility, transparency, and flexibility across every process in working with us.
Seize growth opportunities backed by data
Phytest goes beyond providing additional reimbursement by giving lab’s completely transparent views into their financial trends. From there, you’re given control on the direction and decisions that will improve your facility’s overall performance.
Collect payment faster with better patient services
Access to our payment portal is easy and user friendly – meaning faster payments to the lab. Real-time connectivity between our front and back end automations make the entire payment process actionable within one platform to simplify and streamline your lab’s reimbursements.
Onboarding
We coordinate with your team to streamline an efficient and accurate transition to our services. Our Immplementation Manager guides you through all of the information-gathering and decision-making processes throughout the 8-16 week period.
Susan Crisler, Implementation Manager
Let's Get Your Lab Services Out of the Fog
Let us run the numbers so you stop running in circles.