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Longer Pay Cycle for Labs, Plus Lower Collection Rate

One major reason is the increasing number of patients enrolled in high-deductible health plans

CEO SUMMARY: Across the United States, clinical labs, histology labs, and pathology groups are experiencing both a much longer payment cycle for claims and a decreased gross collection rate. Blame can be placed on several trends. One trend is the steady increase in the number of patients with high-deductible health plans. Another trend involves payers …

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