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Things To Know About Lab Instrument Service Contracts

Things To Know About Lab Instrument Service Contracts

by lighthouselab | Sep 16, 2024 | Lab Operations & Management, Tips for New Lab Owners, Industry Insights, Clinical Laboratory

Laboratories and their employees need reliable equipment to do their jobs well. One way lab managers can ensure their operations run smoothly is by entering into a lab instrument service contract to receive routine preventative maintenance and other benefits. Here are...
What’s Standard for Medical Lab Billing Contracts?

What’s Standard for Medical Lab Billing Contracts?

by Alex Mitchell | Sep 2, 2024 | Lab Operations & Management, CMS Fee Schedules, Tips for New Lab Owners, Revenue Cycle Management, Industry Insights

Entering into an agreement for medical billing services is an important process for any clinical lab or pathology group that does not have this service provided by a hospital or other partner. But what metrics and capabilities should a medical group or lab look for...
Key Billing Considerations for Toxicology Labs: Documentation and Medical Necessity

Key Billing Considerations for Toxicology Labs: Documentation and Medical Necessity

by lighthouselab | Aug 28, 2024 | Payer Audits & Alerts, Lab Operations & Management, Denial Management, Revenue Cycle Management, Industry Insights

A recent publication from Palmetto GBA highlights the fact that laboratory services are among the top service types found to make the highest number of billing errors. They categorize those billing errors into five areas of concern, with over 80% of them directly...
Things to Look for in a Lab Equipment Service Provider

Things to Look for in a Lab Equipment Service Provider

by lighthouselab | Aug 12, 2024 | Clinical Laboratory, Lab Operations & Management, Tips for New Lab Owners, Industry Insights

When equipment breaks down in your clinical lab, you must have someone you can depend on to service your instruments. Otherwise, your test turnaround times and other commitments could face serious delays and result in unhappy patients. Fortunately, you can find the...
Is My Lab Required to Report PAMA Data?

Is My Lab Required to Report PAMA Data?

by Alex Mitchell | Aug 11, 2024 | Clinical Laboratory, CMS Fee Schedules, Tips for New Lab Owners, Revenue Cycle Management, Industry Insights

Originally put into effect in 2017, the Protecting Access to Medicare Act (PAMA) requires many labs to report private payer data for clinical diagnostic lab tests to CMS every three years. The data is used to determine median payments in an effort to bring the...
Tips for Building a Staffing Budget for Your Lab Startup

Tips for Building a Staffing Budget for Your Lab Startup

by lighthouselab | Jul 25, 2024 | Recruiting Resources and Tips, Tips for New Lab Owners

Starting a clinical lab can be both exciting and challenging. One of the most crucial steps for opening your lab is to create a comprehensive staffing budget. Proper budgeting helps manage costs and ensures you have the right team to carry out your lab’s mission...
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