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STATE OF MONTANA REQUEST FOR PROPOSAL (RFP) RFP Number: 142946R RFP Title: Laboratory Systems Revenue Cycle Management (Accounts Receivable/Billing) Software Solution RFP Response Due Date and Time:
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The laboratory systems revenue cycle involves the process of billing and collecting payments for laboratory services rendered.
Healthcare facilities that offer laboratory services are required to file laboratory systems revenue cycle.
To fill out laboratory systems revenue cycle, healthcare facilities need to accurately report all laboratory services provided, and bill accordingly.
The purpose of laboratory systems revenue cycle is to ensure healthcare facilities are appropriately reimbursed for the laboratory services they provide.
Information such as patient demographics, laboratory test codes, charges, and payment details must be reported on laboratory systems revenue cycle.
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