Lessons Learned: Diagnostic Laboratory

RoundTable’s team of experienced and talented consultants are our frontline ambassadors sharing their expertise with our clients, and in turn, offering the best lessons learned from each unique partnership project.  In the series, Lessons Learned, we will dive deep into the reflections of the experiences of some of our recent ventures.  We will provide our thoughts on processes, communications, challenges, impacts and recommendations in order to give our audiences more industry insights - with the goal of achieving future healthcare successes. In this first issue, we review several lessons learned on how laboratories must capture all available revenue and at a lower cost, even with continued reimbursement compression, due to PAMA (Protecting Access to Medicare Act) and payor contractual reductions. Top Five Diagnostic Laboratory Lessons Learned on How to Accomplish This Include: 1. Automation is key to obtain accurate and timely information to create, transmit and receive payment for clean claims and reduce costs. 2. Alerts and [...]