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Optimize Your Office-Based Laboratory (OBL) Billing with TBS

Discover the Difference for Your Office-Based Lab

Our Proactive Approach: Maximizing Your Revenue, Minimizing Denials for OBL Billing

At The Business Side (TBS), we take a proactive approach to Office-Based Lab (OBL) billing that ensures faster payments and reduces denials. With our expertise and industry knowledge, we strive to optimize your OBL billing process for maximum efficiency and revenue growth.


Turn-Around Time: Swift and Efficient Claims Submittal for Your OBL

Timeliness is crucial in OBL billing, and TBS understands the importance of submitting claims promptly for your Office-Based Lab. Our streamlined process ensures that from the moment your OBL's chart is closed, claims are submitted within 48 hours or less, accelerating your cash flow.


Coding Excellence: Unleashing the Full Potential of Your Office-Based Lab

Our highly skilled team of certified coders specializes in coding for Office-Based Labs (OBLs). We go beyond mere coding and identify opportunities to maximize your OBL reimbursements within coding guidelines. Through collaborative sessions with your physicians, we standardize documentation, ensuring uniform language across your OBL practice. This attention to detail minimizes the risk of missed opportunities and potential revenue loss.


Billing Solutions: Ensuring Clean Claims and Efficient Processes for OBLs

We go the extra mile to deliver exceptional billing services for your Office-Based Lab (OBL):

We meticulously ensure that all billing parameters are met, striving for 100% clean claims before submission for your OBL.

  • Real-time eligibility checks are performed to avoid coverage denials, enabling seamless reimbursements for your OBL procedures.
  • We validate and check for Prior Authorizations for OBL surgeries, ensuring denials are avoided and eliminating the need for time-consuming retroactive authorizations.
  • We validate CCI edits to avoid inclusive denials, safeguarding your OBL's revenue stream.
  • We validate LMRP (Local Medicare Review Policy) by tagging diagnoses for procedures, preventing coding rejections that can impact your OBL's financial health. 

Get a Free Consultation

Contact us today to schedule a free consultation with one of our medical billing experts. We'll assess your current billing practices and provide customized solutions to help you improve your OBL billing.

Schedule Now

Unleash the Potential of Your Office-Based Lab (OBL)

Our Expertise

 

Office-Based Labs are unique in their coding and payer reimbursement requirements. TBS's deep understanding of the OBL business allows us to identify trends and take swift actions to keep your OBL ahead of the game. 


We provide proactive guidance on the latest CMS code changes, ensuring that you are well-prepared for any impact on your OBL's revenue cycle.

Structured Operational Framework: Efficient Processes for Your Office-Based Lab

TBS operates within a structured operational framework designed to be smart, organized, and efficient, specifically tailored for your Office-Based Lab's needs. Here's how we deliver excellence:


  • Quality Assurance (QA): Every claim undergoes a meticulous 100% Quality Check across all departments before submission for your OBL, ensuring accuracy and reducing the risk of denials.
  • Authorizations: We eliminate authorization issues from the outset by following best practices and providing you with a list of codes that require prior authorization for your OBL. Our coders validate authorization approval during the coding process, ensuring a smooth billing workflow. 
  • Payments: We reconcile weekly/monthly cash trackers with your deposit sheets, leaving no room for discrepancies. By pushing for electronic remittance with major payers, we ensure faster cash flow and eliminate the risk of lost checks, benefiting your Office-Based Lab's financial operations. 
  • Medical Records: We reconcile medical records weekly, promptly addressing any pending signatures or documentation issues to prevent delays in claims filing, maintaining the efficiency of your OBL billing cycle. 
  • Accounts Receivable: Our dedicated Follow-Up Team ensures that any accounts receivable beyond the 25th day of submission are actively processed or in progress with payers, reducing the likelihood of delayed payments. By addressing denials within 30 days of claim submission, we prevent "Claim Not On File" scenarios and expedite revenue realization for your Office-Based Lab.

Why Choose TBS for Your OBL Billing?

Periodic Analysis: Maximizing Revenue and Preventing Denials for Your Office-Based Lab

We constantly monitor denial trends, carrier reimbursements, and coding opportunities to help your Office-Based Lab (OBL) maintain a stable revenue flow. By reviewing fee schedules, identifying payment fluctuations, and leveraging denial management tools, we proactively address issues and educate our front-end teams to prevent future denials, optimizing your OBL's financial performance.

Reporting: Transparent Communication and Insights for Your OBL

At TBS, we prioritize transparent communication with our Office-Based Lab clients. We provide a dedicated client liaison as your single point of contact, along with a defined escalation path. Our weekly billing metrics in a concise, customized dashboard keep you informed:

  • Revenue reconciliation for the week and month for your OBL. 
  • Claims addressed for the week, ensuring efficient claims management. 
  • Weekly denials and actions taken, addressing issues promptly. "Coding Corner" for coder observations and recommendations, optimizing your OBL's coding practices. "Billing Corner" to track high-value claims, their payment status, and outstanding reimbursements for your OBL. "Pending Auth" tracker to keep your OBL aware of any required actions for authorization. Weekly Deposit Reconciliation tracker on the dashboard, ensuring accurate financial records for your OBL.
  • Additionally, we provide detailed financial reports at the end of each month and conduct Quarterly Business Reviews to understand your OBL's direction and align our strategies for maximum effectiveness. 

Get Started Today: Optimize Your Office-Based Laboratory Billing with TBS

Unlock the full potential of your Office-Based Laboratory billing with TBS. Contact us below to get started today and experience the difference firsthand. 


Your OBL's success starts with our optimized billing practices. 

Need help with billing and collections for your Office-Based Lab? Our team is experienced and ready to help.

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Recent Office-Based Labs (OBL) Client Success:

  • Increased payments by 23% more than charges 
  • Decreased Days AR by 73% 
  • Bringing in more money, faster
  • Recommending procedures to perform hospital vs. in OBL
  • Identifying procedures that are more profitable

Let The Business Side help.

844-382-7223 | contact@thebusinessside.com

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