Who’s Watching Your Wallet?
- We provide business and revenue strategy as it pertains to the business of pathology.
- We help practices decide on their best revenue moves.
- Should you go salaried or stay a private practice?
- Is this the best time to negotiate your new Part A contract?
- How are you going to handle a bundled payment plan?
- Should you switch billing companies or bring this work in-house?
- When was the last time your audited your billing?
Pathology practices of all sizes have reaped the benefits of using Vachette Pathology as their consultant. We oversee the day to day business issues that need detailed attention.
Our staff has 200 years of combined experience in pathology consulting. By specializing and working exclusively with pathologists and laboratories, our team has the insight of industry trends and the knowledge of factors that are affecting pathology practices today.
Vachette Pathology will work closely with you to implement the checks and balances needed to improve your bottom line and to secure the future of your practice.
“We hired Vachette Pathology and they have helped us to increase our monthly payments by over $32,000.00 per month.”
– Southview Pathologists
Pathology Consulting Services
Vachette Pathology offers a key difference in consulting services. We will work with you to audit your billing and collection process and re-negotiate managed care contracts in order to secure your income.
Our experienced professionals have the knowledge and expertise needed to handle the issues that confront your practice.
Do you wonder about your billing? Are they collecting enough; are they working correctly? Are dollars being left on the table? When was the last time you audited your billing? We can guarantee if you don’t audit your billing, your practice is losing revenue.
Mergers and Acquisitions
Are you thinking about merging your practice? Are there offers on the table that you need to review? Vachette offers a unique perspective on these types of ventures. Using our database of over 100 pathology and laboratory practices, we can benchmark details that can make the difference.
Strategic Consulting for Pathology Practices
What is the future for your practice? Are you considering the options of global billing? How will you handle transition issues in your practice? Vachette has worked with over 100 pathology and laboratory practices over the past seven years. We have the answers you need.
Is your practice changing? Are there new pathologists joining the business? Are older pathologists retiring and moving on? We can help you answer your financial questions and provide solutions that are beneficial to your organization.
Part A Contracting
Vachette has handled over 100 Part A contracts over the past seven years. We have a database of nationwide metrics to help with your negotiations. This is a vital part of many hospital based pathology practices. Do not over look this negotiation.
Starting a New Lab
With the changes in payment practices, many pathologists are looking to start their own lab. We know the variables and can provide the projections necessary to help determine whether this is the best business concept for you. We can help with the process and maximize your profits from day one.
Managed Care Contracting
Simply put, your managed care contracts determine the profitability of your practice. We have negotiated with all the major insurance carriers in approximately 37 states. We know your payers and we know the issues in your region. Give us a call to discuss your managed care problems.
Pathology Billing Audits
We audit pathology billing – anatomic and clinical. We do this for hospitals, laboratories, and hospital based practices. There is no company in America that has audited more pathology billing than Vachette.
Pathology Billing Metrics
Are you wondering if your billing is correct? What are the average charges per year per pathologist? How much should an average pathologist make per year? FYI, the CAP numbers are drastically lower than any of our practices. We are the national source for pathology and laboratory billing metrics.
Pathology Billing RFPs
Are you thinking about changing your billing service? Are you thinking of outsourcing or insourcing your billing? We have successfully guided numerous organizations through this process over the past 10+ years.
We can help build individual compensation models for your practice. This means we can answer those tricky questions about who should make what in your practice.
Marketing and Branding
Who handles the marketing for your practice? If you are relying on others for this task, it may be time for you to build a detailed marketing and branding plan for your practice. Vachette can assist in marketing concepts and hiring direct marketing representatives for your practice.
Fee Schedule Development
Do you know there are hospital based pathology practices and hospital outreach practices that are actually charging less than some managed care plans are willing to pay? Let us review your fee schedule and tell you what is missing.
Client or Office Billing
Are you doing client billing? Do you have these arrangements set in the correct legal structure? At what point are these practices no longer beneficial for your practice?
Are you capturing all of the charges for which you are rendering services? Does your billing agency have a consistent process for checking the charges at CPT level for each month? If not, you are leaving money on the table. We have hands on experience with setting up tracking processes to ensure 100% charge capture.
What processes do you have in place to track the payments from contracted carriers and managed care networks? Are you monitoring the payments on a regular basis? Vachette has a thorough, in-depth knowledge of setting up processes to track incorrect contractual payments from these companies.
Who's reviewing revenue strategy with you at this time?
Are you billing all the correct CPT codes? You’d be surprised at what you might be missing. We will review your Fee Schedule/Charge Master at no cost.
That’s right. For free.