As laboratory testing reimbursement cuts continue, laboratories look to add genetics and molecular testing. The annual cuts from CMS and commercial payers are the driving force behind laboratories wanting to create a new revenue stream. There are more than 150,000 genetic tests on the market today. According to the U.S. Department of Health and Human Services, procedure codes rose greater than 160 percent, Medicare payments quadrupled from 2016-2019, and the number of providers ordering tests doubled. Understanding Genetics Revenue Cycle …

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