Laboratorybillings
Finance and Accounting
Laboratory Billings is a specialized company that provides revenue cycle management for healthcare and life sciences, known for its high first-pass claim approval rate and customized billing solutions.
Size
1-10
Private
Mission
To provide optimized revenue cycle management with expert support and technology-driven solutions for laboratories.
About
Laboratory Billings offers revenue cycle management along with billing and invoicing services for clients in healthcare and life sciences. The company operates using a hybrid delivery model and supports laboratories of all sizes.
It is recognized for its 90% first-pass claim success rate, with advanced technology integration and dedicated account management that enhances operational efficiency.
Services
Laboratory Billings provides revenue cycle management supported by billing and invoicing services and specific offerings such as claims processing. These services cover the entire revenue cycle, including claim scrubbing, submission, and denial management, and are tailored to support laboratories in optimizing their financial outcomes.
Capabilities
Billing & Invoicing
Claims Processing
Industries Served
The company serves clients in healthcare and life sciences. It has experience supporting clinical, pathology, and molecular laboratories with services aligned to industry-specific requirements and technology platforms such as advanced Laboratory Information Management Systems (LIMS).
Unique Stregths
Laboratory Billings is known for its high first-pass claim approval rate and rapid claims processing turnaround, offering clients a significant reduction in accounts receivable days. Its approach includes leveraging data analytics and dedicated support, which helps deliver consistent results at scale.
Delivery Footprint
Headquartered in Portsmouth, New Hampshire, the company operates using a hybrid delivery model. It serves clients across the United States, with teams working in both onshore and offshore environments depending on client needs.
Certifications
No items found.
Verticals
Healthcare & Life Sciences
Clients
No items found.
What's the main service provided by
Laboratorybillings
?
Laboratory Billings specializes in revenue cycle management, offering comprehensive financial and accounting services tailored for the healthcare and life sciences sectors. Their services encompass billing and invoicing, as well as claims processing, ensuring that laboratories can optimize their financial outcomes effectively. With a focus on enhancing operational efficiency, they employ advanced technology and dedicated account management to improve the overall revenue cycle experience for their clients.
What additional services does
Laboratorybillings
provide?
When was
Laboratorybillings
founded?
Laboratory Billings was established in 2004 and has since been dedicated to providing exceptional revenue cycle management services. As of 2024, the company has been in operation for 20 years, reflecting its stability and experience in the industry.
What industry verticals does
Laboratorybillings
serve?
Laboratory Billings serves clients primarily in the healthcare and life sciences sectors. This focus allows them to cater specifically to the unique needs of clinical, pathology, and molecular laboratories, ensuring their services align with industry standards and requirements.
What delivery model does
Laboratorybillings
offer?
How many employees and/or seats does
Laboratorybillings
have?
Laboratory Billings maintains a small team, consisting of between 1 to 10 employees. This size enables them to offer personalized services and fosters close relationships with their clients, ensuring customized support for their specific needs.
Can
Laboratorybillings
be considered a good service provider for startups?
Given its small size and specialized services, Laboratory Billings may be a suitable provider for startups in the healthcare sector. Their focus on revenue cycle management and billing solutions can help new laboratories streamline their financial processes without the overhead of larger providers. However, startups should consider whether their specific needs align with the company’s offerings, as their tailored approach may be more beneficial for those with established operations seeking to optimize their revenue cycles.
Can
Laboratorybillings
be considered a good service provider for SMBs?
Laboratory Billings is well-positioned to support small and medium businesses within the healthcare and life sciences industries. Their expertise in revenue cycle management and flexible service offerings can provide SMBs with the necessary tools to manage their billing and invoicing effectively. This capability is especially advantageous for growing businesses looking to enhance their operational efficiency and reduce accounts receivable days, making them a valuable partner for SMEs aiming to scale their operations.
Can
Laboratorybillings
be considered a good service provider for enterprises?
While Laboratory Billings excels in providing services to smaller entities, larger enterprises may find that their offerings are tailored more towards the specific needs of smaller laboratories. Their focus on personalized service and a hybrid delivery model may not fully meet the complexities and scale typically required by large companies. Therefore, enterprises seeking a partner for extensive revenue cycle management might consider exploring providers with more robust infrastructure and capabilities designed for larger operations.
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