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The Benefits of Lab Billing Consulting Services

The Benefits of Lab Billing Consulting Services

by lighthouselab | Dec 23, 2024 | Denial Management, Billing & CPT Codes, Revenue Cycle Management, Industry Insights

Effective billing processes are central to the smooth operation of any laboratory. However, laboratory managers face complex challenges daily, with an increasing volume of claims and a matrix of rules that govern healthcare billing. Fortunately, lab billing consulting...
2025 CPT Code Changes for Pathology

2025 CPT Code Changes for Pathology

by Alex Mitchell | Dec 20, 2024 | Denial Management, Billing & CPT Codes, Revenue Cycle Management, Industry Insights

Analysis provided by: Billie Mildenberger, Director of Audit Services, Lighthouse RCM Solutions Starting Jan. 1, 2025, there are 9 revisions, 114 additions, and 14 deletions for Pathology and Lab CPT codes. Many of these changes are to PLA (Proprietary Laboratory...
Paths to Consider When Commercializing Your LDT

Paths to Consider When Commercializing Your LDT

by Alex Mitchell | Dec 19, 2024 | Clinical Laboratory, Adding Lab Testing & LDTs, Tips for New Lab Owners, Industry Insights

UPDATE: On May 6, 2024, FDA issued a new rule amending the regulatory definition of in vitro diagnostic (IVD) device to include laboratory-developed tests (LDTs) and ending the agency’s longstanding policy of generalized enforcement discretion. However, on March 31,...
Key Considerations When Adding Digital Pathology

Key Considerations When Adding Digital Pathology

by Alex Mitchell | Dec 11, 2024 | Industry Insights, Lab Operations & Management, Billing & CPT Codes, Revenue Cycle Management

Digital pathology is rapidly transforming the field of diagnostic medicine, offering laboratories exciting opportunities to enhance workflow efficiency, patient outcomes, and collaboration. While the technology is promising, adopting it requires careful planning and...
Important Tips When Purchasing LC-MS Equipment

Important Tips When Purchasing LC-MS Equipment

by lighthouselab | Dec 10, 2024 | Lab Operations & Management, Tips for New Lab Owners, Industry Insights, Clinical Laboratory

The use of liquid chromatography–mass spectrometry (LC-MS) equipment is essential for clinical laboratories. This powerful technology aids in detecting and analyzing chemical compounds with high precision. However, acquiring this equipment requires careful...
9 Things to Consider When Negotiating Lab Service Contracts

9 Things to Consider When Negotiating Lab Service Contracts

by lighthouselab | Nov 20, 2024 | Lab Operations & Management, Tips for New Lab Owners, Revenue Cycle Management, Lab Acquisitions and Transactions

Navigating the world of service contracts for clinical labs involves more than just signing on the dotted line. These agreements lay the foundation for operational efficiency and ensure that your lab’s equipment runs smoothly. To negotiate these contracts effectively,...
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