With tests costing thousands of dollars, payors are challenging reimbursements in ways that many labs are ill-equipped to address. XIFIN is a leader in this space and has helped the country’s largest Anatomic Pathology laboratories overcome these reimbursement complexities.
Anatomic Pathology
With tests costing thousands of dollars, payors are challenging reimbursements in ways that many labs are ill-equipped to address. XIFIN is a leader in this space and has helped the country’s largest Anatomic Pathology laboratories overcome these reimbursement complexities.
XIFIN’s revolutionary approach to revenue cycle management helps to ensure that your laboratory not only stays up to date with the regulatory and compliance changes, but also that laboratory management has the insight needed to optimize business performance.
With XIFIN, clients are often able to realize substantial improvements in their overall billing operations, including; fewer denials, improved cash collections, greater process control and decreased risks of non-compliant billing processes. And since XIFIN is delivered as a SaaS (Software as a Service) application, clients are able to reap these benefits while decreasing their expenditures on IT infrastructure and overall IT head count.
- We Focus on Technology, so You Can Focus on Your Business – Because the XIFIN billing system was designed as a web-based application, laboratories are no longer required to maintain the expensive IT hardware and software infrastructure required to run a secure, enterprise-class laboratory billing system. XIFIN’s dedicated staff work together on your behalf, ensuring that your businesses billing system is automatically kept up to date with the latest standards and compliance changes in the industry.
- Detailed Analysis of Laboratory Performance – You cannot manage what you cannot measure, and for this reason XIFIN offers access to a robust suite of detailed financial, performance, and operational reports, which serve to empower laboratory management with the information necessary to improve decision-making, enhance contracting and account management, and identify business areas that could most benefit from process optimization.
- We Help You Stay in Front of Change – Whether it’s managing the typical reimbursement challenges faced by all laboratories, or addressing long standing difficulties such as modifier and consolidation rules, new payor requirements and split jurisdiction issues, we’ve been on the forefront of these issues and have designed the XIFIN billing system to quickly adjust to the needs of our clients.
- GAAP Compliant Financials – Going beyond traditional laboratory billing systems, XIFIN includes a complete financial accounting package that provides laboratory management with a detailed picture of both revenue and expenses, including precise, GAAP compliant, financial data for the general ledger.
Designed around industry best practices, and used to process more than 150 million claims for most of the nation’s largest laboratories, XIFIN has proven to be an important partner in enabling laboratories to automate their billing systems, better manage medical claims filing, and reduce liability risks associated with payor and regulatory compliance.
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