<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=293162&amp;fmt=gif">
ZOLL Pulse Blog: Find out about the latest insights for EMS, Fire, Hospital, and AR Optimization.
Request A Demo
Request a demo to see how ZOLL's solutions can help improve the clinical and operational performance of your business.

Automated Demographic Verification Should Be Every Laboratory’s First Line of Defense Against Revenue Leakage

ZOLL Data Systems | Apr 12, 2022

Many laboratories face financial challenges due to persistent downward pricing pressure, making it essential to capture payment on all earned revenue. Insufficient or poor-quality demographic and payer data leaves patients feeling frustrated when their insurance isn’t properly billed, and it slows down the billing and reimbursement process.

iStock-1285415666

Having accurate patient information up front is a lab’s first line of defense against revenue leakage: it accelerates claim processing, enforces compliance, and mitigates the risk of reduced or delayed reimbursement. Automated patient demographic verification tools screen patient-provided demographic information for accuracy and completeness. A best-in-class demographic verification tool can automatically verify or correct critical pre-billing data elements.

When applied at the front end of the billing process, demographic verification technology improves statement delivery, reduces the cost of claims, and accelerates payments. It also relieves much of the administrative burden on both laboratories and provider staff by automating traditionally time-consuming, manual tasks.

To learn more about how automated demographic verification, used alone or in combination with other AR optimization tools, can help laboratories prevent revenue leakage, read the full article.

Related Post

ZOLL Data Systems | Apr 26, 2022
Purpose-Built, Integrated Platforms Are the Future of Telemedicine
Telemedicine is becoming standard practice for many healthcare providers. According to Dr. David Ernst, president of telemedicine innovator...
Read More >
How Medical Groups Can Tune up Front-end RCM Processes and Capture More Revenue
Medical groups are facing unprecedented cost increases as well as lost revenue that can never be recaptured. While many groups focus on...
Read More >
How To Use AR Optimization and Patient Engagement Technology to Counteract ASC Staffing Shortages
The staffing crisis prompted by COVID-19 is unlikely to be resolved in the foreseeable future. When key positions can’t be filled in a...
Read More >