A patient receives a lab requisition (order) from his/her physician, as required for further diagnostic analysis. The physician is initially “on-boarded” by the hospital as a recognized and authorized provider, and his/her patients are admitted under the hospital’s out-patient services department, under current protocol.
The physician will complete a collection, i.e., toxicology, blood draw, buccal swab etc., and send the collected sample to your hospital, where testing may be performed and billing associated with this testing is created and sent to the patients’ commercial health insurance plan.
The hospital receives the insurance payment. The management company deducts an amount directly associated under a management services agreement (MSA) with the hospital and the reference laboratory, thereby completing the process cycle.