Laboratories Maintain a Nearly 99% Success Rate on Claims With MedicsPremier™ and MedicsRCM™
PARAMUS, N.J., May 4, 2018 (Newswire.com) - PARAMUS, N.J., May 4, 2018 (Newswire) -PARAMUS, N.J., May 4, 2018 (Newswire) - Advanced Data Systems (ADS) proudly announces that it continues to maintain a nearly 99% year-to-date success rate on first attempt laboratory clearinghouse claims.
The rate applies to laboratories that have their own MedicsPremier systems, and for those who outsource with MedicsRCM, a comprehensive revenue cycle management service from Advanced Data Systems RCM. MedicsRCM also uses the MedicsPremier system.
Laboratories rely on our solutions and services to increase revenue, maximize reimbursements, and to operate more efficiently. We're proud of being able to foster that, especially at a time when obtaining every reimbursement dollar is critical for laboratories.
David Barzillai, President
MedicsPremier and MedicsRCM support powerful capabilities for empowering laboratories to obtain every dollar for every test with (1) payer-based eligibility verifications, (2) real-time claim tracking to ensure claims are being processed by payers, and (3) “on-the-fly” editing and resubmitting of in and out-of-network denied claims quickly turning them into revenue.
MedicsPremier features “hands off” automated submissions to secondary and tertiary payers as reimbursements are received from previous payers, and an almost instantaneous reconciling of EOBs through electronic remittance advices (ERAs).
The system generates patient statements as balances become their responsibility. Statements can also be produced offsite as an economical option for laboratories.
MedicsPremier and MedicsRCM are excellent for PAMA reporting. Sales activity/commission reports can be processed and accessed through an easy-to-use portal. An impressive array of user-defined financial and operational laboratory analytics and key performance indicators (KPIs) can be compiled and exported to Excel™.
LIS and other system integrations, as well as data conversions from existing systems, are available.
David Barzillai, President of ADS, said, “Laboratories rely on our solutions and services to increase revenue, maximize reimbursements, and to operate more efficiently. We’re proud of being able to foster that, especially at a time when obtaining every reimbursement dollar is critical for laboratories.”
Visit ADS at the May 2018 CLMA conference in Long Beach (CA), booth 239 or contact ADS at 800-899-4237, Ext. 2264 or email info@adsc.com for more information on MedicsPremier or MedicsRCM for your laboratory.
About Advanced Data Systems for Laboratories: ADS is a national provider of interoperable automation solutions for laboratories. The company’s MedicsPremier billing / reporting system is excellent for clinical, toxicology, genetic and esoteric laboratories of every size and configuration, and it can be deployed in the cloud or as a customer hosted system on the laboratory’s own server(s). The system supports LIS integrations, and it can operate on a single, or on an unlimited number of tax IDs. MedicsRCM™ from Advanced Data Systems RCM is ideal for laboratories that prefer comprehensive, transparent outsourced revenue cycle management services. Quick Implementation, comprehensive Training and excellent ongoing Support are provided for MedicsPremier and MedicsRCM clients.
Source: Advanced Data Systems
