WE SEE LABS DIFFERENTLY.
And we want to change the way they work. Your lab is so much more than a support service — it’s a critical part of a strategic plan. We see your lab’s potential to deliver quality, service, and value to your hospital or health system. What do you see when you look at your lab?
The Three Principals of Peak Performance
Lab’s accuracy is the foundation on which speed and efficiency can be improved — not the other way around. We work with your lab to ensure control and quality by managing and tailoring testing capability to meet your health system’s specific needs.
We help clinical labs increase turnaround times, make quick decisions and develop best practices through data-driven operational intelligence and insights. Together, we’ll refine everything from processing of a specimen through collection and results. And that’s what enables clinicians to quickly deliver a patient’s diagnosis and begin care.
Efficiency must work in tandem with speed and accuracy. We take a comprehensive approach that optimizes and modernizes your lab’s people, processes, and technology. Together, we’ll achieve measurable improvements by examining all areas of the lab: the bench, supplies and test menu.
How small ideas are helping to bend the health care cost curve
Even as overall U.S. health care spending grew by 5.3 percent in 2014 — reaching a jaw-dropping $3 trillion — the health care industry has made some important strides in trying to bend the overall cost curve in the coming years, according to some experts. Since the advent of the Affordable Care Act in 2010, for instance, the move away from so-called fee-for-service that maximizes costs for insurers and patients by encouraging excessive billings has begun to make some inroads in overall spending.
Uncovering revenue sources through transformation of the hospital lab
The rising cost of care delivery means cost reduction is a top priority at hospitals across the U.S. In fact, almost 60 percent of U.S. hospital executives said their institutions must substantially change their business models in the near term if they are to survive financially, according to new research sponsored by Prudential Retirement, a business unit of Prudential Financial.