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Laboratory Billing Solutions


   Lab Billing Software 

The TELCOR Revenue Cycle Management (RCM) application empowers laboratories to control their revenue cycle and billing functions better than any solution on the market today. By switching to TELCOR, labs gain unparalleled visibility to manage its revenue ensuring collections are increased and operating costs are minimized.

   Lab Billing Services 

TELCOR Revenue Cycle Services (RCS) allows labs to outsource their billing to our experienced, U.S.-based laboratory billing professionals. Customers receive oversight and support with a dedicated TELCOR Account Manager allowing us to work as a team with no additional fees.

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Why Hundreds of Labs Choose TELCOR Revenue Cycle Management

Software Designed For Laboratories

Our software solution, TELCOR RCM, manages the many complexities facing labs by using an exception-based rules engine and custom pre-processing rules. Automating these procedures reduces manual intervention and frees staff for other projects.

 

Unmatched Analytics Driving Business Decisions

We provide you with useful, real-time intelligence directly in the application. At any time, you can run reports by client, CPT code, payer, and other criteria. You can easily analyze payer reimbursement, claim denials and appeals, AR by payer, client or patient responsibility, profitability, and more.

Increase Net Collections

Using all the functionality of TELCOR RCM, including online client and patient portals, labs average a 30% improvement in net collections and achieve ROI in 8-12 months.

 

 

Gain Complete Access to Your Data

We provide customers with dynamic, real-time intelligence directly from the application. You can easily display data for visibility to:

  • Customized views to track your KPIs
  • Detailed analytics to compose specific metrics
  • Adapt reports as KPIs evolve

Flexible Pricing and Client Billing

Managing various pricing scenarios can be a challenge. TELCOR RCM includes extensive functionality to customize pricing and meet diverse contract requirements to support client billing. You can create pricing by client, financial class, payer, state, locality, and patient class.

Send Clean Claims the First Time

Submitting clean, compliant claims the first time reduces denials helping you get paid more quickly. With more than 60 validations and rules performed, simplify your workflow by doing everything from:

  • Medical necessity checking
  • Grouping and pricing bundled CPT codes
  • Applying of MUE rules

Lower Your Cost of Billing and Maximize Collections with TELCOR

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30%

average increase in collections after switching to TELCOR.

9

months on average to achieve a return on your investment.

33%

improvement in productivity resulting from automated rules and staff reallocation.

Over the years, the amount of growth the company has had versus the amount of employes we’ve had to add, I think is directly related to the advanced processing rules and exception-based system that TELCOR has. We can drive workflow and automation through those rules that don’t require you adding head count to the system or at least at a much slower rate than your volume is going to grow.

Jeff Nally
Senior Vice President of Revenue Cycle Management Dominion Diagnostics
Jeff Nally