White Papers

During these turbulent times, many labs are struggling to scale and grow financially. A big reason for this is that payers remain in the driver’s seat when it comes to financial growth opportunities for labs, with the major roadblock being regulations that impact reimbursement. When combined with today’s economic environment and other common laboratory billing challenges, shoring up a lab’s financial stability can be difficult.

To achieve financial stability during turbulent times and prepare for a successful future, lab managers must innovate and focus on improving their revenue cycle processes and workflows. During this critical period, labs simply cannot afford to leave revenue on the table by not acting decisively.

This White Paper delves into the issues involved, the statistics and trends laboratories are experiencing, and the solutions many laboratories are implementing to achieve maximum profitability.