News & Expertise

  1. RURO Announces Partnership with PractiSource, LLC. (2/7/2017) -   Combination of RURO’s LimitLIS®, PractiSource’s Medical Billing and RCM Services Offers Clinical Laboratories Rapid Modernization of Operations and Revenue Management.   RURO’s LimitLIS® is quickly becoming a preferred Laboratory Information System for laboratories seeking more advanced information management PractiSource’s expertise and corporate focus on optimizing laboratory revenue is industry-leading RURO and PractiSource’s partnered solution... Read more »
  2. 2017 Clinical Toxicology Laboratory Fee Schedule Changes- The Good and the Bad (1/6/2017) -   Hartford, CT – January 5, 2017 There are a number of changes to the Toxicology Clinical Lab Fee Schedule for 2017.  So let’s start with the bad news first. Along with fee (allowable) changes, there are once again laboratory coding changes. Details are below, however, the biggest change for toxicology laboratories has to do... Read more »
  3. Ignoring 2016 CMS Laboratory Reporting Requirements Could Get Expensive (11/21/2016) - Hartford, CT – PractiSource, LLC Earlier this year, the Centers for Medicare & Medicaid Services (CMS) announced that it will be requiring most clinical laboratories to submit the first six months of 2016 payment data to CMS in the first quarter of 2017. CMS is doing so to determine Medicare payment rates (in the Clinical... Read more »
  4. PractiSource Specialty Highlight: Post-Acute Long Term Care (LTC) Medical Practices (10/2/2016) - Many physicians and medical practice managers believe that their billing situation is somehow unique. That they are “different” than other medical practices. Some specialties such as Radiology and Anesthesiology stick out for obvious reasons, and have entire industries dedicated to them which cover everything from billing to dedicated systems. One group of providers who have... Read more »
  5. Toxicology Labs – Not All Samples Are Created Equal (8/31/2016) - Hartford, CT -PractiSource, LLC Toxicolology reference laboratories get excited about increases in volume of samples or specimens being screened by their laboratories. And they absolutely should – after all, laboratories are dependent on testing samples as their only source of income. However, it is important to note that “more” does not always equate to “better”.... Read more »
  6. Toxicology Labs- Why Simply Getting Paid is No Longer Enough (7/20/2016) - Hartford, CT -PractiSource, LLC As a company which actively maximizes revenue for toxicology reference laboratories, we have witnessed a wide variety of billing and reimbursement scenarios over the past few years. Many of these scenarios are proper, but a large portion are either the result of not knowing any better, or worse yet, the result... Read more »
  7. Toxicology Reference Laboratories: Maximize Reimbursement (6/13/2016) - Toxicology Reference Laboratories: MAXIMIZE REIMBURSEMENT A Free Webinar Wednesday, June 15, 2016 (10:30am EST) In today’s changing reimbursement environment it is more important than ever for Toxicology Reference Labs to maximize revenues by completely understanding the best billing and revenue cycle management processes as well as efficient workflows and revenue analytics. Our free webinar will... Read more »
  8. PractiSource and gEHRiMed Announce Partnership, Strengthening Practice Management and Billing Processes for LTPAC Medical Providers (5/9/2016) - Hartford, CT- 5/10/2016 – PractiSource, LLC, a leading healthcare billing and revenue cycle management (RCM) company and gEHRiMed the creator of the first Stage-2 Certified EHR designed exclusively for Long-Term Post-Acute Care (LTPAC) medical providers announce the formation of their partnership. Today PractiSource announced the expansion of their business to include integrations with LTPAC electronic... Read more »
  9. PractiSource and PrecisionBI Join Forces to Provide Industry-Leading Analytics Solutions (4/19/2016) - WYOMISSING, Pa.–(BUSINESS WIRE)–PrecisionBI, a division of Meridian Medical Management, announced it has joined forces with Connecticut-based PractiSource, LLC, a full-service medical billing and revenue cycle management (RCM) company, to provide cutting edge RCM performance management and analytics to laboratories and medical practices. PrecisionBI to Provide Industry-Leading Analytics Solutions to PractiSource LLC PrecisionBI is the leading... Read more »
  10. Toxicology Laboratory Screening and Confirmation Codes for 2016 Update (2/23/2016) - PractiSource Billing and RCM News Update February 1, 2016 For Immediate Release The world of billing and reimbursement for Toxicology Laboratories has changed yet again for 2016. Along with changes for both screening and confirmation codes, comes added confusion (on behalf of both insurance payers and labs) as well as changes in reimbursement for the... Read more »