Clinical Laboratory Billing and Coding Services Help you Tackle Revenue Cycle Management Challenges

McKesson understands that clinical and reference laboratories face a number of internal challenges. The inherent complexity of clinical laboratory billing and financial operations, mounting regulatory demands, inadequate legacy applications and difficulties accessing even the most basic financial information can quickly derail growth plans and hinder successful revenue cycle management.

That’s why McKesson has developed the clinical laboratory market’s most effective medical billing, coding and financial management service. Now, clinical and reference labs can effectively manage high-volume, small-dollar claims, improve laboratory collection rates and gain revenue cycle management insight through in-depth financial management reports.

With McKesson, clinical and reference labs are finally competitive with the industry giants.

Benefits

• Ensure accurate financial reporting, coding, billing and collections
• Increase revenue while cost-effectively processing high-volume, low-dollar claims
• Reduce days in DSO
• Minimize write-offs and bad debt by actively working denied claims
• Control costs by measuring and tracking productivity and profitability by procedure, by site of service, by physician and by sales person

Fast Facts

• Leader in clinical laboratory and pathology revenue cycle management solutions
• More than 700 employees dedicated to serving thousands of pathologists
• Largest repository of provider billing data enables you to compare key metrics and create an environment of excellence