Industry Insights
Articles, News & Press Releases
We’ve consolidated the company and clinical lab industry insights in one, easy-to-search location. You will find them all here, right at your fingertips.
Industry Insight Articles
How Labs Should Respond to the Change Healthcare Cyberattack
In the wake of the recent Change Healthcare cyberattack, independent lab owners and pathology groups are facing critical challenges. This overview aims to address common questions and concerns related to the attack’s impact on revenue cycles, compliance, and patient...
The importance of TC Modifiers in Pathology Professional Component Billing
By: Dyana Williams, RCM Client Engagement Manager As we continue to optimize our clients’ billing practices, it is crucial to ensure they have a clear understanding of the use of the TC (Technical Component) modifier, especially in situations where a pathology group...
The Power of Front-End Billing Edits: A Comparative Analysis of Claim Denials
By: Dyana Williams, Client Engagement Manager Understanding and addressing claim denial reasons is crucial for the financial stability of medical and pathology laboratories. As part of a recent case study, our RCM Solutions Team delved into the denial patterns of two...
Ways to Streamline the Lab Recruitment Process
For medical laboratory managers and owners, attracting the right talent is essential to maintaining high standards of service and innovation. However, the employee recruitment process can sometimes be as complex as the tests and diagnostics performed within the lab’s...
3 Key Benefits of Building an In-House Laboratory
Note: This article was updated in March of 2024 to ensure the information within is current and accurate. As physician practices and community healthcare providers consistently seek to improve quality and provide better value to patients, one pathway that can achieve...
Using Billing Data to Compare Commercial Lab Reimbursements
By: Dyana Williams, Client Engagement Manager, Lighthouse RCM Solutions Recently, a Lighthouse RCM Solutions client asked their billing vendor: What is our commercial reimbursement rate as a percentage of Medicare for CPT 88305? Utilizing our RCM Spotlight billing and...
Keys to Success for Starting a Lab During a Recession
Launching a laboratory in an economic downturn might seem counterintuitive at first glance. Yet history shows that recessions can birth businesses poised for exponential growth. Navigating these waters successfully can be transformative if you do it carefully. Review...
5 Tips to Improve the Quality of Your Medical Lab
When physicians turn to your medical laboratory, they expect a high degree of quality in your testing services. However, maintaining these standards can be difficult if you don’t know where to start. Here are five tips to improve the quality of your lab so that it can...
Tips for Creating a Positive Work Culture in Your Lab
In a laboratory setting, a positive work culture isn’t just a boon for morale—it’s a catalyst for innovative thought, quality research, and enhanced productivity. Creating and maintaining this encouraging environment is crucial for the success of your researchers and...
News & Press Releases
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