Thursday, October, 25
Auditing Your Lab Revenue: Finding out What You Are Missing
Track: Analytics & Data
3:50 pm - 4:40 pm
Regency B/C

Speakers

  • Mick Raich (Speaker) Founder, Vachette Pathology
  • Shreya Patel (Speaker) Vice President, Product Management and Strategy, ELLKAY

Description

The billing for lab services is amazing complex and nuanced; there are thousands of variables which go into the process to get paid for services. It is imperative in these times of financial crisis that labs work to audit their billing process. Mick Raich and Shreya Patel will discuss how this process is handled and teach the attendees the tenets of this process.

  • Charge capture, are you billing everything you do?
  • Claim review, HFCA versus service performed, are you missing anything?
  • Denial management, a primer on how to use denials to increase your revenue.
  • Getting paid correctly, comparing your EOB to the actual paid amount. Finding those lost dollars.

This speech will teach those in the lab revenue cycle world how to begin the audit process and where to look for lost revenue.

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