The challenge facing medical lab managers and pathologists is to intelligently cut costs in their labs without laying off med techs, histotechs, and other lab scientists
By any measure, this year’s budget season is a tough one for the nation’s clinical laboratories and pathology groups. Most labs are scrambling to adjust to reduced reimbursement and directives from their parent hospitals and health systems to shrink their lab budgets for 2015.
It’s why smart cost-cutting tops the list of challenges at all medical laboratory managers and pathologists. Lab leaders need effective approaches to trim spending in their lab without the need to lay off skilled medical technologists and other experienced lab scientists. (more…)
Blame it on shrinking hospital budgets and reduced lab testing prices; successful labs are using Lean, Six Sigma, and process improvement to reduce expenses and boost quality
Topic number one at clinical laboratories and anatomic pathology groups across the nation is cost-cutting, for two reasons. First, it is budget time at hospitals and labs are being told to aggressively reduce their costs in 2015. Second, health insurers are paying less for medical lab testing.
Simply said, labs are experiencing one of the toughest financial squeezes in two decades. Dark Daily has written about the underlying trends responsible for this financial pressure. Nationally, hospital inpatient admissions are down at the same time that hospitals are being paid less per inpatient. In response, hospitals are asking all clinical departments—including their clinical laboratories—to prune staff and cut budgets for 2015. (more…)
Financial and clinical fortunes may soon shift for many medical laboratory organizations
By every measure, the clinical laboratory industry is entering a high-stakes period during the next 24 months. Powerful trends are reducing lab budgets and payers are cutting the prices paid for medical laboratory testing. The question on everyone’s mind is “will it get better or worse in the months ahead?”
This question will be asked plenty of times to speakers at the nation’s largest gathering of clinical lab executives and pathology business leaders. On April 30-May1, the upcoming 18th Annual Executive War College on Laboratory and Pathology Management will take place in New Orleans, Louisiana. A record crowd has already registered to attend. (more…)
Innovative pathology laboratory organizations in the UK and Europe will come together at the Frontiers in Laboratory Medicine (FiLM) conference on January 31-February 1, 2012
For decades, the pathology and medical laboratory service in the United Kingdom has been the envy of many developed nations. But times change and the National Health Service (NHS) finds itself coping with increased demand, shrinking budgets, and soaring healthcare costs. As a result, the NHS is asking pathology testing labs in the UK to do more with less.
Consequently, the status quo for pathology and medical laboratory medicine in the United Kingdom is undergoing fundamental change—often at a rapid pace. In some areas, multiple hospital laboratories are being asked to consolidate into a single regional lab organization.
Another change is that price competition for pathology testing has become a factor. Within the NHS, primary care trusts now tender for pathology testing services and commission those pathology laboratories that bid the most competitive prices. The tender and commissioning process is creating new economic winners and losers among pathology laboratories throughout the United Kingdom. (more…)