Reduce Costs and Improve Margins with Pathology and Laboratory Billing and Coding Services
For pathology practices and clinical laboratories, maintaining strong financial performance has become more difficult as increased regulations and reduced reimbursements become standard across the healthcare industry. With the shift to value-based payment models, revenue cycle management is paramount. And not just any billing company can support your goals.
McKesson Business Performance Services has been an industry leader in medical billing and accounts receivable (AR) management services for pathology practices and clinical laboratories. We understand the challenges you face today, and we have developed one of the industry’s most comprehensive revenue cycle management solutions dedicated solely to helping clients optimize revenues, control costs, mitigate regulatory risks and differentiate themselves in the market.
Understand Your Revenue Cycle Like You Never Have Before
We’ve assembled one of the industry’s largest team of certified pathology and laboratory coders. They receive ongoing training and testing to ensure their skills stay current with the latest regulatory changes. Staying informed and keeping you informed are hallmarks of our service where every McKesson client is assigned a dedicated client manager experienced in pathology practice and laboratory management. Your client manager will meet with you regularly to assess your financial performance and discuss regulatory and reimbursement changes that affect your organization.
Over the years, we have developed and refined financial and productivity reports specific to pathology practices and clinical laboratories. From days in AR to productivity by location, physician or patient encounter, you can gain multiple perspectives on your practice and quickly identify trends, problems and opportunities.
Unlike many medical billing vendors, we understand the nuances of billing for the professional component of clinical pathology (PC). We work with you to analyze the potential benefits including point-of-care testing. We can help you get started with PC billing or help boost reimbursement in your existing program.
Our market analysis service will help your organization gain a competitive advantage by assessing market potential and projecting future growth opportunities. We work with your organization to survey, collect and analyze data, and based on these results, we will help identify products and services that can enhance your organization's presence in the marketplace.
Helping Pathology Practices and Clinical Labs Improve Operations and Transition to Value-Based Care
Whether improving operations, growing your practice or evaluating opportunities driven by value-based care, McKesson provides practices and labs with the strategies and support you need to determine the next step to take.
Additional reporting and analytics tools can provide you with essential and timely detailed medical billing and accounts receivable data, so you can monitor business patterns, optimize operations and make informed decisions more effectively.
McKesson Practice Management Services can help your practice or lab manage daily revenue cycle, financial, accounting and operational functions more effectively. In addition, we offer a range of services that encompass critical practice functions such as strategic planning, growth management, medical practice management, operations, clinical care coordination, physician onboarding and integration, provider network management and more.
McKesson Practice Consulting helps practices evaluate and negotiate managed care agreements, provides advice on financial, strategic and administrative aspects of payer agreements, and helps practices evaluate periodic organization and expansion opportunities.