Accountable Care and the Laboratory: A Value Proposition
Join Les Duncan as he discusses changing reimbursement models and how the lab can prove it is a valuable asset to the highest level of administration.
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Academic medical centers face three “Cs" that spell heavy seas for their ability to compete and remain financially healthy: consolidation, consumerism, and cost pressure.
Where do hospital and health system labs fit into the world of accountable care? Can they add enough value to keep their functions from being outsourced to reduce overhead?
What does it mean for a lab to play the long game? Labs must prove their value every day, by helping their customers assess how to use their services most effectively.
A Better Financial Focus: Operating Margins
Most people didn't get into healthcare to drive profit, but you can't support better care if you overlook its financial realities. Here's why operating margins matter and how to realign your lab.
Lab leaders from some of the nation's most respected health systems describe how their operations work with clinicians and IT to become integral members of the care team.
Understanding what is in your organization's strategic plan can help your lab team focus its efforts and deliver value in the best way. Here's how to tie your initiatives to the plan.
More than ever, healthcare service lines need to be strategic in how they pursue opportunities to avoid excessive spending.
Cutting-edge analytics, clinician alerts, and other IT innovations can help labs achieve results for their institutions. Labs need an IT investment strategy that improves care and lowers cost.
In-house labs can dramatically amplify their value by making themselves good business partners, not just good clinical partners. Here are some "how-tos" from the nation's top lab leaders.
Lab leaders discuss how to use data and analytics to turn the lab from a cost center into a strategic partner in value-based care
In this video, Charles Mathews, vice president of Boston Healthcare, explains how to convince payers of the value of your testing, amid the changing role of diagnostics.
This underutilized cost of quality metric, known as Cost of Poor Quality (CoPQ), can help you demonstrate ROI for your lab.
A series designed to help you understand, calculate and reduce your cost of poor quality.
Measure the value of your Diagnostic Management Team by quantifying its financial impact on your organization
LabLeaders examines the expected impact of new clinical laboratory payment rates set to go into effect on Jan. 1, and how labs can prepare for the change with operational improvement initiatives.
Demonstrate the value of your DMT by generating revenue and results for your organization
While lab leaders strive to implement new standards of care, it can be a challenge to get paid for such initiatives. Our Lab Leaders explain how labs can maximize their chances of success.
Learn the fundamental concepts of LabacoEconomics—the new way to leverage your lab’s inherent strengths to maximize its economic impact.
3 Steps to Building Your Own ROI
Lab leaders must be able to demonstrate growth and ROI to the C-suite. Learn how with three fundamental steps.