Fast Growth in Real and “Virtual” Biobanks May be Revenue Opportunity for Clinical Pathology Laboratories

Biobanking is now a $7.9 billion industry and demand for specimens is skyrocketing Biobanking is going big time! VisionGain estimates that biobanking is now a $7.9 billion industry. That’s a revenue number that should interest pathologists and clinical laboratory managers, since their organizations access large volumes of patient specimens every year. As one source of human specimens, both clinical laboratories and anatomic pathology groups have an opportunity to participate in biobanking...

Big Health Insurers Acquire Health IT Horsepower to Support Their Accountable Care Organizations

Actions by major insurers indicate that ACOs operated by hospitals will have competition Until recently, most media coverage about nascent accountable care organizations (ACOs) centered on the plans of major hospitals and health systems to organize ACOs within their communities. Now comes news that major health insurers are making sizeable investments as they prepare to launch their own ACOs. These developments could be auspicious for local clinical laboratories and anatomic pathology groups....

Group Purchasing Organizations (GPOs) Pushed by Hospital Members to Deliver More Value

Hospital laboratories may find GPOs respond by contracting with more vendors to expand choices of products Major changes are unfolding in the world of group purchasing organizations (GPOs). As healthcare’s transformation shifts the clinical and financial emphasis of hospitals, health systems, and other providers, these institutions are changing their relationship with GPOs. In turn, such trends mean changes in the GPO contracts available to hospital laboratories. In the United States, every...

Clinical Pathology Laboratories Beef Up Courier and Logistics Services to Deliver More Value to Client Physicians

Medical laboratories gain competitive advantage by using GPS and real-time vehicle tracking to improve performance of their couriers Like everything else in laboratory medicine, even such once-simple operational areas as logistics and courier services are becoming complicated—and more expensive. The reasons are familiar to all clinical laboratory managers and pathologists. For example, sophisticated new diagnostic technologies require that specimens be transported with greater care to ensure...

Clinical Pathology Laboratories Using New Technologies to Go Paperless and Capture All Data for Digital Storage in Laboratory Information Systems

Optical character recognition is improving, making it easier for medical laboratories to scan paper documents and convert that data into digital information Endless flows of paper are the curse of clinical laboratories and anatomic pathology groups everywhere. Few medical laboratory organizations in the United States have successfully transitioned to a fully paperless environment. But there is good news for pathologists and clinical lab managers who feel overwhelmed by the daily flood of paper...
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