Upcoming Lab Quality Confab features “world class” cost-cutting methods and experts
Belt-tightening by clinical labs and pathology groups continues as the current economic recession approaches the end of its second full year. To generate additional cash, a significant number of labs report aggressive belt-tightening on the operations side of the business.
This is particularly true of hospital and health system labs. Many have been asked by their administration to reduce spending below budgeted levels in order to allow the parent hospital to accumulate cash. Since baseline budgets for most hospital labs are already established at parsimonious levels, this compounds the difficulty of cutting costs to free up cash for the parent hospital.