Atlas Medical Offers New Functionality to Help Clinical Labs Capture More Revenue
<0> Atlas MedicalMichelle Del GuercioVice President, Marketing818-224-6229 </0>
Atlas Medical today announced the availability of new Advanced Revenue Cycle Management features, as well as a strategic alliance with XIFIN Inc., a cloud based, Accounts Receivable and Financial Management system vendor.
Increased regulations and a decrease in reimbursements are forcing labs to look for new or more efficient ways to capture revenue and reduce costs. In addition, significant portions of lab revenue are lost each year due to incorrect or incomplete billing information. Atlas Medical’s Advanced Revenue Cycle Management features, which integrate with 3 party billing solutions and services such as XIFIN’s iNet™ platform via web service calls, offer clinical laboratories additional tools to help capture more revenue upfront, reduce bad debt, and improve resource and workflow efficiencies. Options include real-time 270/271 eligibility checks, advanced billing field validation and issue reporting, and the ability to view and collect patient balances at patient service centers (PSCs). These features can be applied to orders entered via the ATLAS LabWorks portal, other physician portals, or received via an EMR interface.
“ATLAS and XIFIN recognized the need to provide customers with tools that help increase the percentage of clean claims submitted and decrease lost revenue due to write-offs and bad debt,” states Aron Seidman, ATLAS Vice President of Product Management. He continues, “With our Advanced Revenue Cycle Management features, labs can capture significant lost revenue by collecting patient payments at PSCs, and reduce back-office inefficiencies with upfront eligibility and validation. The return on investment can be very compelling for labs, as they can experience a return as soon as the features are deployed.”
“With ATLAS LabWorks and XIFIN iNet Web Services, billing functions which were traditionally confined to the laboratory back office can now be extended to the PSC or physician’s office” said Bill Taylor, XIFIN Chief Marketing Officer. “This is one example of how the right technology infrastructure can drive out costs and improve the bottom line.”
ATLAS and XIFIN are benefactor sponsors and active participants of the 2013 Executive War College, to be held April 30 through May 2, at the Sheraton New Orleans. For more information on the conference, visit .
Atlas Medical delivers cost-effective patient-centric outreach and clinical solutions for the healthcare enterprise that include integrated CPOE for Laboratory, Radiology, ePrescribing and other disciplines, along with features to support EHR adoption. Our advanced technology enables healthcare organizations to efficiently manage their operations and reduce costs. ATLAS customers include hospital outreach programs, healthcare centers of excellence and commercial laboratories. Atlas Medical is a division of Atlas Development Corporation. For more information, visit us at .
XIFIN delivers cloud-based revenue cycle management solutions that enable diagnostic service providers to improve financial performance and gain efficiencies that substantially increase the bottom line. XIFIN leverages its expertise and collective intelligence to deliver automation, visibility, and control through a partnership formula that ensures aligned goals, long-term focus on success, and constant attention to ongoing improvement. XIFIN processes more than 100 million claims per year across a wide variety of healthcare segments including clinical, hospital outreach, anatomic pathology, molecular diagnostics, toxicology, radiology and more. Customers see significant improvements in profitability by collecting more of their AR, automating compliance rigor and gaining labor efficiencies through workflow automation. To learn how XIFIN uniquely delivers revenue cycle management, visit , or follow XIFIN on Twitter at .