Blog

Your Revenue Potential with our Cost Per Sample Program

By May 13, 2020 No Comments

While state-mandated shelter-in-place or social distancing orders are crucial in protecting citizens and not overwhelming hospitals, many physicians’ offices and labs have had to adjust hours and/or office visit protocols. This of course has affected revenue streams for many. Alternative BioMedical Solutions has continued to service our clients throughout this crisis.

If you have lost revenue due to shut-downs or limiting operations, we have a program that could help you in regaining income. As restrictions ease-up and facilities begin to open over the next few weeks, it’s possible you’ll be able to jump-start business more easily with our Cost-Per-Sample Program.

ABS’s Cost Per Sample (CPS) program is a turnkey laboratory management solution that provides you with the ability to set up your laboratory in-house without having previous laboratory experience. 

Performing a urine drug test on the point of care cups typically reimburses somewhere between $15-$20 per specimen. If you perform this on an instrument, the reimbursement jumps to something closer to $40-$60/specimen. It can be a strong ancillary revenue for your practice and with little change to your current process.

If you’re currently billing for code 80305, this program is for you. 

Cost Per Sample Description 

All items needed to operate the instrument and run a sample are included in our program including the following: 

  • CLIA/COLA Enrollment 
  • CLIA Application Process
  • All laboratory SOPs 
  • Service, Repairs and PMs Onsite/Remote 
  • Reagents, Calibrators, Controls
  • Installation, Validation and Operator Training
  •  Freight and Shipping
  • Consumables used on instrument
  • Test tubes & Nesting Cups
  •  ABS Reporting Software for Customized Patient Reports

 

Typical Test Menu (Other tests available upon request)

  • Amphetamine
  • Barbiturate 
  • Benzodiazepine 
  • Cocaine
  • THC
  • Ethyl Alcohol 
  • Methadone 
  • Opiates 
  • Oxycodone 
  • Creatinine 

Indiko Plus Specs 

  • Up to 350 tests/hour 
  • Small footprint (37in x 27.6in x 24.4in) (242lbs)
  • Onboard sample capacity: 108 samples
  • Continuous feed system 
  • Up to 2 hour walk away time 
  • Moderately complex menu options

 

What’s my cost and reimbursement? 

Contract Details 

  • Agreements 12 months with a (60) day out after initial term 
  • No money upfront (pending credit check) 
  • Sample grid is built custom to fit each individual account 

 

ABS Price Per Sample

150-199 samples; $24.25 per sample

200-249 samples; $19.00 per sample

250+ samples; $15.75 per sample

 

Customer Responsibility 

  • Onsite Lab Operator
  • CLIA/COLA Registration and Inspection Fees
  • Collecting the sample and sample cups 

2020 Reimbursement for 80307:

Medicare: $63.00

Commercial: 50-70% of medicare 

We can help you implement this program within 30 days. We currently have clients already up and running and submitting for billing.

Get in touch with any questions or to sign up by filling out our contact form. If you need service, call us toll free at (866) 895-1388. We are here for you!


ABS provides everything you need to conduct toxicology testing: screening, confirmation, reference laboratory services, dedicated in-house service department and a laboratory information system for your practice or business so you can focus on patient care.

We offer comprehensive turn-key solutions that cover everything from equipment, method development, validation oversight, on-site training, reference lab services and Lab Information System with customizable patient data reporting and interfacing to EMR and billing systems. If you need equipment and/or help setting up your own in-house lab we can help by offering certified testing equipment, expertise and support for both moderate and high complexity labs. For in-house testing, purchase toxicology equipment and solutions directly or take advantage of our unique Cost Per Sample program for both screening and/or confirmation, whichever works for you!

 

Jaclyn North

Author Jaclyn North

More posts by Jaclyn North

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.