Use our mobile site at:    Follow Follow ITbriefing on Twitter   Follow ITbriefing via Facebook   Follow ITbriefing via RSS 
New Laboratory Network Selects Change Healthcare for Revenue Cycle Management

 Tags:   Networks                This was published: 19 May 2017 - 01:26 pm         Print article: Printer friendly page

New Laboratory Network Selects Change Healthcare for Revenue Cycle Management - on

Atlanta-based LabPharm Hospital Management Services (HMS) has contracted with Change Healthcare for comprehensive revenue cycle management services in support of a national network of hospitals and independent laboratories.

LabPharm HMS, a division of LabPharm LLC, is launching an outreach laboratory alliance that will enable independent labs to partner with health systems to provide a full range of in-network diagnostic and esoteric tests for commercially-insured patients. The lab partnerships will be customized to address the requirements and capabilities of each party. They will be managed and administered by LabPharm HMS, which has developed proprietary software that facilitates integrated ordering and results-sharing between the organizations. Change Healthcare will manage the revenue cycle for LabPharm HMS alliance participants.

Jeff Solomon, chief legal officer of LabPharm, said that given the size, scope and complexity of the LabPharm network, LabPharm believed Change Healthcare was the best equipped to meet the needs of the new and growing enterprise.

“Change Healthcare was selected on the strength of its experience in laboratory billing and its national presence,” Solomon said. “Aligning with Change Healthcare will help ensure that tests are billed appropriately and that reimbursements are accurate. We are excited about working with its experts to construct a strong financial base for our new network.”

LabPharm LLC, the parent organization to LabPharm HMS, provides a range of consulting, practice management, and purchasing services to approximately 200 independent community labs nationwide. Through the LabPharm HMS network, the labs will have an opportunity to align with major health systems to provide shared testing services at the community level. Solomon said LabPharm HMS currently is negotiating with an additional 20 health systems nationwide to bring them into the alliance.

He said the new network is expected to generate benefits for all parties involved. Patients will be able to rely on local community laboratories for esoteric and routine testing, and they will not face balance billing issues that can increase their out-of-pocket costs and sometimes make these services cost-prohibitive. Labs will strengthen their competitive position by being able to offer a full spectrum of testing services, thereby improving patient care, while ideally increasing cash flow with in-network reimbursement rates. Participating hospitals and health systems can generate incremental revenue by maximizing their lab operations to take advantage of excess capacity while simultaneously accessing a potential new source for patients.

Pat Leonard, president, Technology Enabled Services, Change Healthcare, said LabPharm HMS’ alliance is a unique mechanism for aligning organizations to produce better outcomes for patients. “We are enthusiastic about working with LabPharm HMS to support this collaboration,” Leonard said. “The approach represents a new model for the provision of lab services that can help patients, labs, and hospitals. Creative solutions like this will become increasingly essential as healthcare continues to evolve.”

About LabPharm LLC

LabPharm is one of the nation’s leading ancillary service companies offering clinical continuum of care with a focus on maximizing quality outcomes while lowering the cost of treatment. LabPharm understands the business of medicine and is established to service physicians and their practices by providing the resources they need to walk patients through their medical journey. The LabPharm mission is to partner its ancillary services with physicians to provide a higher quality of care, increase patient safety, and to lower the cost of treatment. For more information, visit:

Article source - Business Wire, all right reserved. Copyright 2017
Trademarks, logos, pictures and other items may be copyright of firms mentioned in this article.


Other related articles, tagged Networks

· Nintendo Download: Happy Thanksgiving!   (11/23/17)
· Internet of Things (IoT) Technologies, Solutions, and Market Opportunities 2017-2022 - A Collection of 41 Comprehensive Reports - Research and Markets   (11/23/17)
· 5G and Cloud Computing Market Opportunities, Technologies, Solutions, Applications, and Services in IoT 2017 - 2022 - Research and Markets   (11/23/17)
· Virtual Reality (VR) Marketplace 2018-2023: VR Technologies, Companies, Solutions, Devices, Components, Applications and Services - Research and Markets   (11/23/17)
· Next Generation Industrial Marketplace Reports 2017: Teleoperation, Connected Manufacturing, and Digital Twin Solutions - Research and Markets   (11/23/17)
· Buy Gifts for the Whole Family at’s $100 Holiday   (11/23/17)
· Europe Residential Robotic Vacuum Cleaner Market 2017-2023 by Application, Product Function, Charging Technology, Distribution Channel and Country - Research and Markets   (11/23/17)
· Global Pool Cleaning Robots Market 2017-2023: Application, Drive Mechanism and Region - Segment Analysis, Trend Outlook and Business Strategy - Research and Markets   (11/23/17)
· APAC Residential Robotic Vacuum Cleaner Market 2017-2023 by Application, Product Function, Charging Technology, Distribution Channel and Country - Research and Markets   (11/23/17)
· Power Line Communication (PLC) Systems Markets 2015-2017 & 2024: Narrowband & Broadband - Global Strategic Business Report 2017 - Research and Markets   (11/23/17)

>>>More articles  >>>

Latest tech videos:

· Nintendo Download: Happy Thanksgiving! (2017-11-23 14:26)
Nintendo Download: Happy Thanksgiving! - on

This week’s Nintendo Download includes the following featured content:

· Buy Gifts for the Whole Family at"s $100 Holiday (2017-11-23 13:26)
Buy Gifts for the Whole Family at’s $100 Holiday - on

China’s largest cross-border e-commerce marketplace announces their $100 Holiday Sale, which will take place from November 24th until December 1st. DHgate’s goal for the $100 Holiday Sale is to provide customers with the opportunity to finish all of their holiday shopping for under $100! During the sale, customers will enjoy the industry’s lowest prices and unbeatable deals and coupons. DHgate offers 40 million products across 26 different categories and total discounts from DHgate equal up to $100 Million USD.

· Fijian Government Selects EUTELSAT 172B for Providing Universal Television Access (2017-11-23 10:06)
Fijian Government Selects EUTELSAT 172B for Providing Universal Television Access - on

Walesi, the Fijian Government’s Digital Television infrastructure management company, has signed a multi-year agreement with Eutelsat Communications (Euronext Paris: ETL) that will for the first time expand free-to-air television throughout Fiji. The agreement covers C-band capacity on the EUTELSAT 172B satellite to complement terrestrial coverage of the Walesi digital television platform.

· Symantec Selects Amazon Web Services to Deliver Cloud Security to Global Customers (2017-11-22 21:46)
Symantec Selects Amazon Web Services to Deliver Cloud Security to Global Customers - on

Today, Amazon Web Services, Inc. (AWS), an company (NASDAQ-NMS: AMZN), announced that Symantec has chosen AWS as its strategic infrastructure provider for the vast majority of its cloud workloads, leveraging AWS’s infrastructure scale and maturity to deliver cloud security to its global customers. With AWS’s breadth and depth of cloud capabilities, Symantec has transformed legacy applications into cloud-based solutions, and built innovative, cloud-native as well as hybrid offerings.

· AWS Announces Amazon ML Solutions Lab (2017-11-22 21:46)
AWS Announces Amazon ML Solutions Lab - on

Amazon Web Services, Inc. (AWS), an company (NASDAQ-NMS: AMZN), announced the Amazon ML Solutions Lab, a new program that connects machine learning experts from across Amazon with AWS customers to help identify practical uses of machine learning inside customers’ businesses, and guide them in developing new machine learning-enabled features, products, and processes. The Amazon ML Solutions Lab combines hands-on educational workshops with brainstorming sessions to help customers “work backwards” from business challenges, and then go step-by-step through the process of developing machine learning-based solutions. Customers will work with Amazon machine learning experts to prepare data, build and train models, and put models into production. At the end of the program, customers will be able to take what they have learned through the process and use it elsewhere in their organization. To get started with the Amazon ML Solutions Lab, visit

· Target and Walmart Improve Competitive Position Against Amazon, Says Annual Boomerang Commerce Report on Holiday Pricing and Assortment of Toys and Games (2017-11-22 20:46)

Boomerang Commerce, the leading Retail Performance Management solution, today releases its annual “Boomerang Insights: Toys Category” report comparing top retailers' pricing, promotion and assortment of this holiday season's popular toys and games.

· More than Two-Thirds of Americans are Big on Shopping Small Businesses This Holiday, According to New Groupon Survey (2017-11-22 19:26)
More than Two-Thirds of Americans are Big on Shopping Small Businesses This Holiday, According to New Groupon Survey - on

With the Saturday after Thanksgiving marking the ceremonial kickoff to the holiday shopping season for small businesses across the United States, Groupon asked 2,000 people about their holiday shopping preferences and found that 67 percent of Americans favor shopping at small businesses over large national chains. According to the survey results, the top reasons why shoppers prefer to shop at local merchants include their unique gift selection, the money spent there stays in the community, they offer a more personalized shopping experience, have higher quality items and provide better customer service.

© Website copyright Incandore Limited 2012. All rights reserved. All content copyrights / trademarks remain the property of their respective owners.