Labacoeconomics™: Expanding the Role of Clinical Laboratories in Value-Based Healthcare

Clinical Lab

The United States healthcare system is going through a period of disruption characterized by:1 noticeable shifts in patient preferences increased venture investment the emergence of diverse healthcare delivery models the entrance of new competitors into the healthcare delivery space This transformation is a response to persistently low patient satisfaction with the United States healthcare system…

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Pace of Hospital Lab Acquisitions Likely to Remain Steady

Pace of Hospital Lab Acquisitions

Learn more about the steady pace of laboratory acquisitions and what factors are likely to increase or decrease this trend. CareTinumm Advisors Founder & Managing Partner, Keith Laughman recently shared thoughts on the pace of hospital laboratory acquisitions with 360DX. Read the full article to learn more about the steady pace of laboratory acquisitions and…

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Measuring Clinical Laboratory Contributions

Measuring Clinical Laboratory Contributions

Are we doing it wrong relative to the clinical laboratory? To cut to the chase, the answer is YES. In a HBR article by Kaplan and Porter entitled “How to Solve the Cost Crisis in Health Care” they succinctly summarized the root cause of the problem as follows: The Disconnect This practice of measuring the…

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The Community Clinical Laboratory of the Future

Community Clinical Laboratory

Using the technology of the future to describe the clinical laboratory of the future. As part of the preparation for a recent panel discussion at the Clinisys Client Summit regarding The Laboratory of the Future, my colleague, Lester Wold M.D., and I asked ChatGPT (a new AI application) for its description of the community laboratory of the future. We…

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Hospital Laboratory Outsourcing and Its Unintended Consequences

Hospital Laboratory Outsourcing

Hospitals and healthcare organizations are facing multiple challenges. The transition from fee-for-service healthcare reimbursement to value-based care reimbursement as reflected below is at a difficult phase. Reimbursement from fee-for-service is declining more rapidly than the revenue is increasing from value-based care. This situation compounded by the global pandemic has underscored the precarious financial state of…

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Think Twice Before Selling Your Hospital Outreach Lab

CareTinuum Advisors

This article is a summary of my views on the hospital outreach laboratory market.  Are hospital outreach lab businesses still viable given the Medicare CLFS rate reductions from 2018-2020 and the potential for further rate cuts? Absolutely. Outreach lab services leverage existing hospital infrastructure with excess capacity to achieve a low variable cost per test.…

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Shifting Focus From Lab Industry To Lab Medicine

CareTinuum Advisors

LabacoEconomics™ – A New and Necessary Concept For lab leaders industry-wide, the changing healthcare economy is top-of-mind as is adapting to it. Technology, business acumen, and data all serve as new points of departure in a lab’s quest to continually increase value, relevance and patient benefit. But until now, one broad concept has been left…

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