Facing the Looming End of Fee-for-Service, Clinical Laboratories and Anatomic Pathology Groups Look for New Business Models

Mar 31, 2014 | Coding, Billing, and Collections, Compliance, Legal, and Malpractice, Instruments & Equipment, Laboratory Hiring & Human Resources, Laboratory Instruments & Laboratory Equipment, Laboratory Management and Operations, Laboratory News, Laboratory Operations, Laboratory Pathology, Managed Care Contracts & Payer Reimbursement, Management & Operations, News From Dark Daily

Failing finances at technical pathology laboratories may be the most immediate concern for many pathology group practices Many clinical laboratories and anatomic pathology groups now recognize the new reality of the American healthcare system: less reimbursement for laboratory testing. On one hand, the fee-for-service prices for lab tests paid by government and private payers have been aggressively slashed. On the other hand, all payers have become stubbornly resistant to issuing coverage...

U.S. Labs Use Lean to Slash Costs and Beat the Economic Recession

Aug 18, 2009 | Laboratory News, Laboratory Pathology, Management & Operations, News From Dark Daily

Hospital labs come in under budget—while still improving quality, service, and revenue Despite the recession, most first-rank hospital and health system laboratories in the United States remain upbeat about the financial integrity of their organization and their ability to negotiate the deepest economic recession since 1981-82. One reason this is true is the use of Lean, Six Sigma, and similar continuous improvement methods in the nation’s most progressive clinical labs and pathology groups....

Offsetting the Rising Costs of Hospital Laboratory Reference and Send-out Testing

May 6, 2009 | Laboratory Management and Operations, Laboratory Pathology

Baystate harvests annual savings of 20%+ from simple strategies and steps In today’s depressed economy, hospital laboratories are scrambling to control costs, reduce unnecessary spending, and get more for every dollar they spend. That is why the constantly-rising cost of reference tests and send-out referrals are now a prime target for laboratory budget-cutters across the United States. Every laboratory’s reference/send-out test program is a potential budget-buster, for three...
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