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Reduce Denials and Stop Revenue Leakage With Integrated Laboratory Billing Management
March 31, 2025
If you’ve visited this space recently, you may already know about the tremendous value of starting laboratory revenue cycle management (lab RCM) on the front end of the laboratory billing cycle.
If you’re new to the LigoLab all-in-one informatics platform - combining a powerful laboratory information system (LIS) software with integrated lab revenue cycle management - keep reading to discover how this unified approach can transform your lab’s financial and operational performance.
Pathology Lab Reporting Software and the Laboratory Billing Process
Unlike a traditional standalone laboratory billing system, LigoLab’s integrated medical laboratory information system and lab RCM informatics platform can provide clinical laboratories and pathology groups with an all-in-one pathology lab reporting software solution that creates a silo-free, efficient, and reliable laboratory billing process.
With LigoLab, the laboratory billing process begins as the case order comes into the lab, a welcome change for labs that continue to struggle with back-end laboratory billing systems and lab RCM challenges such as reduced reimbursements, payer complexity, and regulatory compliance. LigoLab’s advanced billing software for labs requires much less labor, is scalable, and significantly decreases denials and revenue leakage.
Industry Insights: Tips for Laboratory Billing Reimbursement Challenges
In the following head-to-head comparison, we’ll show you how non-integrated lab RCM systems require more labor, have limited scalability, and are subject to clerical mistakes, data silos, and compliance issues, all of which are preventable with modern laboratory billing solutions.
Learn More: Understanding the Real Costs of Non-Integrated Laboratory Billing Solutions
Comparing Medical Laboratory Billing Solutions for the RCM Cycle
It’s a given that every medical laboratory would like to improve its RCM cycle and maximize profit, and thanks to advancing lab billing technology, forward-thinking labs can now accomplish this goal by integrating LIS laboratory information system and lab revenue cycle management data into one united, automated, and transparent clinical lab workflow.
As the CAP Today Lab Billing/Lab Revenue Cycle Management Product Guide shows, there are several RCM systems and lab vendors to choose from. Most offer lab RCM products as standalone medical laboratory solutions that can be interfaced with LIS systems and electronic health records (EHR).
Please note that interfacing isn’t the same as integrating, and the only sure way to ensure end-to-end data integrity with the LIS systems and lab billing workflows is by being fully integrated.
Learn More: The Best Laboratory Information Systems: LIS Software Solutions for Clinical and Pathology Labs
Dennis Winsten, a healthcare systems consultant with 30-plus years of experience, recently wrote about the need for more medical labs to utilize the integrated lab information system/lab billing model to combat external pressures and establish (and maintain) a successful laboratory business. His article is linked below.
Learn More: Business Success Through Advanced Laboratory Information System Technology: Connecting All The Pieces
So what are the significant differences between LigoLab’s modern laboratory billing solutions and traditional lab revenue cycle management systems? Continue reading for high-level summaries of both.
LigoLab’s Laboratory Billing: Integrated Laboratory Revenue Cycle Management
- An unlimited amount of operational configuration and customization options are available and adaptable to all aspects of clinical lab workflow.
- A fully integrated, all-in-one LIS system and lab billing informatics platform that delivers significant revenue growth.
- LigoLab’s solution features embedded revenue cycle management tools and partnerships with third-party lab vendors for data validation, resulting in a 98% First-Pass Clean Claim Ratio.
- It also features synchronized lab workflow queues designed for accountability, transparency, and maximizing workflow efficiency.
- Advanced automation driven by an innovative Rule Engine combined with white-glove customer service supports and maintains proactive fiscal growth.
- Robust and customizable executive-level report generation, plus real-time KPI metric analytics.
- A partnership lab RCM/medical LIS model with 20 years of industry experience derived from continued relationships with over 300 clients nationwide.
Legacy Lab Billing: Traditional Lab Revenue Cycle Management
- Limited functionality and a lack of laboratory billing system flexibility.
- A combination of rigid modules requiring constant synchronization.
- Labor-intensive and error-prone data validation processes combined with limited visibility.
- Questionable laboratory workflow management options mean increased chances for error resulting from a lack of streamlining and compartmentalization.
- Higher risks associated with scaling, unanticipated industry changes, and longer vicious business cycles.
- Basic metrics analytics and static reporting capabilities.
- Traditional lab vendors can’t keep up with the constantly changing industry landscape and more stringent payer reimbursement regulations.
Learn More: Is Your Lab RCM Software Vendor Putting Your Needs First?
Laboratory Information System and Lab Billing Workflow Case Study
In addition to our head-to-head comparison of laboratory billing solutions, we’ll next highlight a recent case study featuring Avero Diagnostics to document the success LigoLab customers have enjoyed soon after choosing to integrate their laboratory information systems and lab billing workflows.
Click on the link below for all the details about Avero’s move from a well-known standalone laboratory billing system to LigoLab’s all-in-one informatics platform that combines the LIS system and lab RCM workflows.
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LigoLab’s All-in-One Medical LIS & Lab RCM: End-to-End Data Integrity
LigoLab Informatics Platform is an all-in-one laboratory information system (LIS) and laboratory revenue cycle management (lab RCM) pathology lab software designed to help medical labs digitally transform into modern, efficient organizations that are more productive and profitable.
Learn More: The Benefits of a Modern Pathology Lab Management System
The enterprise-grade LIS software platform features modules for anatomic pathology (LIS pathology), clinical laboratory (LIS medical), and molecular diagnostics (LIS molecular) lab workflow, plus laboratory billing (lab RCM) and direct-to-consumer lab testing (TestDirectly and TestDirectly.com) functionality, all embedded within an integrated database and pathology software infrastructure that eliminates data silos and efficiently manages all departments and operations with maximum interoperability.
Learn More: Navigating the Future of Pathology: The LigoLab Advantage
See how LigoLab’s comprehensive and flexible informatics platform can digitally transform your organization into a modern and scalable business.
Connect with our product team today to explore how advanced lab pathology software can elevate your lab’s operations. Be sure to ask about LigoLab’s four flexible pricing tiers, each tailored to maximize value for your laboratory.
