XIFIN Inc., the leading provider of revenue cycle management for diagnostic service providers, announced today that Desert Medical Imaging, (DMI) a multi-modality diagnostic imaging center located in Indian Wells, CA, has selected XIFIN’s revenue cycle management system to optimize and help manage its expanding imaging and radiology billing and claims management needs.
"With increasing claims volume beyond current system capacity and downward pressure on revenue margins, we selected XIFIN’s revenue cycle management system with rules-based automation to help streamline our billing processes, ensure claims meet payor and regulatory compliance requirements, and provide detailed visibility into key financial metrics," stated Ellen Sroka, CEO for Desert Medical Imaging. "XIFIN’s proven experience in the diagnostic service provider market and their value-added technology offers the best solution available to help us achieve our revenue enhancement objectives."
Designed around industry best practices, and used by the majority of the nations’ largest clinical laboratories, XIFIN’s revenue cycle management system provides diagnostic service providers with new levels of automation and actionable management information to refine revenue cycle processes, improve cash collections and reduce operational costs. Customers who utilize XIFIN to target the root causes of costly billing errors have realized gains of 8-20% in their net collections within the first 12 months.
"XIFIN’s rules-based system, best practices and expert services help our radiology clients maximize productivity and improve the bottom line in an increasingly restrictive and complicated regulatory environment," stated Lale White, CEO of XIFIN. "We are honored to be working with Desert Medical Imaging, and look forward to helping them achieve their financial objectives."
XIFIN’s solution is provided as a "Software-as-a-Service" (SaaS) model, where DMI’s staff will access the system remotely via the Internet. This hosted model has a far superior total cost of ownership requiring no capital expense, equipment or licenses, IT personnel costs, data centers or maintenance. With higher reliability and security, the software is always at the latest version with the most recent payor rules, settings and regulatory configurations yielding improved revenue capture.
XIFIN has processed more than 150 million claims for a variety of diagnostic service providers across various healthcare segments including clinical, hospital outreach, anatomic pathology, molecular diagnostics, therapeutic pain management, radiology and more.