Why All Laboratories Should Implement Automated Demographic Verification

Automated Demographic Verification – Why All Laboratories Should Implement it? Overview Accurate patient demographics and insurance data is a leading cause of claim denials, leading to delays in billing and payment for laboratories. Automated demographic verification (AV) technology enables laboratories to reduce their claims rejection rate and protect against revenue losses caused by denied, reworked, …

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Everything There Is to Know About Medicare Sequestration in 2023

Everything There Is to Know About Medicare Sequestration For 2023 Congress recently passed its year-end omnibus bill, including provisions related to Medicare sequestration. Sequestration is an across-the-board budget reduction of 2% of mandatory spending, including Medicare claims such as physician fees, hospital stays and durable medical equipment purchases. Medicare Advantage plans may also be affected. …

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Automated Demographic Verification – Why All Laboratories Should Implement it?

Automated Demographic Verification – Why All Laboratories Should Implement it? Overview After a patient visits their doctor, it is often required to run a few biological tests. And while patients provide the doctor’s office with sufficient information about their insurance and demographic, laboratories often don’t get the same treatment. You see, many patients come without …

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