Toxicology Laboratory Billing
Toxicology labs have evolved over the years playing a crucial role in shifting advancements and regulations in drug screenings – with the billing complexities of these tests evolving as well.
Laboratories in this specialty face the challenge of frequent CMS coding changes that have resulted in lower reimbursements, leaving many toxicology labs playing a game of trial and error with their in-house billing, or outsourcing their billing to subpar companies that don’t meet their individualized needs.
More Than A Toxicology Laboratory Billing Company
A Trusted Revenue Cycle Management Partner
Understanding Successful Toxicology Laboratory Billing
Toxicology labs uniquely have to navigate many government and regulatory bodies as the role of drug screening has expanded into disease and genetic services. Diagnostic codes, modifiers, commercial and federal payer policies, and state guidelines are constantly changing for toxicology labs. This results in room for more error in the billing process, meaning more denials and less reimbursement.
Drug testing that is both quantitative and qualitative to verify compliance with prescribed therapy or identify inappropriate drug use requires accurate and efficient billing processes that support higher volumes and less claim issues.
Outsourcing your toxicology lab billing to a laboratory-focused revenue cycle management partner can not only alleviate these issues, but can allow us to also present your lab with actionable data that reveals growth opportunities.
How Phytest Serves Toxicology Labs Best
Prior-authorization and credentialing support
Complete claim and denial management
Claim scrubbing software automated to detect CPT code and modifier changes before claims are sent to payers
U.S. based billing professionals that reduce claim correction time, increase patient payment turnaround, and eliminate the need for in-house staff
Customizable dashboards and real-time reporting on toxicology lab’s claim management data, data by payer, data by providers, patient information data, and data by testing menu
Leveraging collective payer relations to provide toxicology labs with the highest reimbursement per test
Grow your lab with
full-service revenue cycle management
Phytest’s full-service revenue cycle management solutions do more than maintain a toxicology lab’s billing processes, but equip them with a team of patient-facing, technology, and account manager professionals that allow the lab to leverage additional revenue and gainful data about their lab’s performance to their advantage – and take control of their growth.
Laboratory RCM crafted to promote growth
A team of patient-facing professionals that answer all questions and increase satisfaction – making payments faster.
Automated technology that inputs patient, coding, and missing data that reduces labor and increases accuracy.
Complete management from prior-authorization, eligibility checks, and correcting denials.
Access to real-time data on customizable dashboards that provide transparent financial data that you can export any way you need.
Software & Integration
Claim-scrubbing software catered to laboratories and tools that seamlessly integrate with any LIS system.
Dedicated account managers, expert in-house developers, and a team of clinical laboratory billing specialists are available whenever you need.
Request A Toxicology Laboratory Billing Consultation
Phytest serves laboratories that have made the switch from subpar medical billing services or insufficient in-house billing. Our expertise in laboratory billing allows us to prepare individualized solutions for each client with the knowledge of the latest RCM software advances, and federal and state guidelines.
Contact our team of experts today to see how Phytest can partner with you to help your lab expand capability for growth and increase collections.