Accounts Receivable Management

Innovative Lab Solutions understands the severity of accounts receivable challenges that many laboratories face. It is our goal to provide each client with the support they need to properly manage their account receivables and protect their bottom line. With more than 15 years’ experience working with all types of laboratories, ILS has the expertise to customize accounts receivable processes to suit the lab’s specific needs.

ILS utilizes a variety of strategies to obtain correct file data for billing, collection, and appeals. From written to telephone communications, we proactively contact clients and patients on a daily, weekly, or monthly schedule to ensure rapid turn around time.

If a claim is denied, ILS gathers patient demographic and diagnostic information and reprocesses claims when necessary. We also handle claim denial management, bad debt management, medical necessity verification, and client accounts receivable.

ILS handles the account receivables process so laboratories can focus on what matters to their businesses.

It is our goal to ensure that accounts do not become delinquent and that our clients are promptly reimbursed for their services. We take great pride in our hands-on communication strategies to secure full reimbursement in a timely fashion.