BECOMING A HIGH PERFORMANCE LAB
It is an exciting, and daunting,time for labs. Breakthroughs in medical testing techniques enable diagnoses of unprecedented precision—revitalizing the lab’s mission and purpose. Yet in a parallel development, labs have become highly competitive, both with each other and new consumer “point of care” tests. Meanwhile, insurers continue to whittle away at reimbursement. In short, labs must also innovate how they operate. This brief highlights emerging uses of automation, innovative patient matching technology and revenue cycle management services to implement next generation efficiency in orders management. In turn, labs can ramp up financial performance—and bring new value to providers, payers and patients.