Toxicology

Benefits offered to Toxicology Labs include:

1. Services offered
   Does the billing company have practical experience in the toxicology lab environment? This is likely the most significant issue in choosing the appropriate resource for lab billing and coding. If the services you need aren’t offered, then why are you paying for such services? At a minimum, your toxicology billing service should give assured turnaround times to complete coding, submitting claims and following up claims that have been postponed or denied. Medwave has helped our toxicology lab clients increase their monthly income through enhanced billing performance through our team of dedicated professionals. Our end-to-end laboratory billing services provides maximum reimbursement for our clients while reducing overall costs and time to payment.
2. Total service billing
   Rejection and denial processing is what sets great billing services apart from the run-of-the-mill company. Medwave never misses an opportunity to appeal an insurance denial to ensure your lab gets paid correctly and rapidly for your services. Medwave processes denials and initiates the appeals procedure as soon as a denial is received. We view this as an essential role of a billing company, every bit as significant as getting claims submitted and payments posted. It’s critical for us to fight for every single dollar of a lab’s revenue and we don’t write off anything lacking prior approval from the lab.
3. Correct coding
   Does the billing company know what codes are dictated by what tests and which payers want which code for toxicology billing? Medical billing for toxicology lab work is highly complex and endures numerous, and often arbitrary, changes. Moreover, to ensure labs obtain proper reimbursement, billers must keep abreast of frequent changes to guidelines, both from Medicare and commercial payers, and be accustomed with how to apply existing rules, such as those prescribing use of medically unlikely edits and modifiers. Labs turn to Medwave for their toxicology billing. We’re well-informed in the subtleties of toxicology billing and work hand-in-hand with your lab to pinpoint the correct billing procedures your payers adhere to and help overcome problem areas.
4. Transparency
   Even when you outsource to experts, you still need to know what’s going on with your medical claims. A well-thought-of and reliable lab billing company such as Medwave will provide you regular reports that reveal what they’ve been doing for your lab and where you stand with claims. There’s no need for you to micro-manage, however, you do want to at least keep an eye on the billing to ensure it’s being taken care of efficiently.
5. Security
   Patient privacy is indispensable to your lab’s success, not only because you’re maintaining a business and your clients are entrusting you with their confidential information. But you also must obey federal and state privacy laws, such as HIPAA rules and regulations. Medwave is a trustworthy provider of lab billing services, one that takes security as seriously as you do.
6. Reduction of in-house staff
   Engage Medwave and allow us to be your billing staff. You’ll no longer have to be concerned with taxes, vacation/sick leave, payroll or personnel management. If you choose to maintain some (or all) of your existing billing staff, but reallocate their responsibilities, you can always be confident that your billing is being processed skillfully and with a minimum of fuss.