The Medical Laboratory industry is under intense scrutiny by the Office of Inspector General (OIG). The monitoring of independent Medical Laboratory billing practices has intensified and the OIG has recommended that the Centers for Medicare & Medicaid Services increase oversight of Medical Laboratory services. With reimbursement tightening and costs for clinical labs increasing, the need for compliant, cost-efficient, and consistent Medical Lab billing that “leaves no dollar behind” has never been greater.
At Sypore, we do Medical Lab billing right – from coding and billing to denials management and payment posting. Whether yours is a POL or a Reference Lab, our bundled and ala carte services are designed to meet your needs. This is what we do and we excel at it! We manage the entire revenue cycle. Our secret sauce, in addition to billing expertise, includes a very scientific, data-driven, and tech-savvy approach to the business of maximizing our customers’ revenue.
Our team of expert billers and coders understand the nuances of Part-A and Part-B billing, when and how the mileage rules apply and nuances of skilled and non-skilled facilities. Whether you are using only paper requisitions or a Laboratory Information System (LIS), we can support your end-to-end billing process efficiently while increasing reimbursement levels to the maximum allowed levels.
We support our Medical Lab customers by helping optimize the entire revenue cycle process including the intelligent use of eligibility and benefits verification. Our structured and dedicated services result in predictable and consistent positive cash flow – which all Medical Labs desire.
The before and after situation of an actual Medical Lab customer shows the value Sypore services can deliver in a very short timeframe – typically less than 90 days.