EXPERT EXCERPT: Managing Lab Operation Budgets

November 4, 2019

Running a revenue generating hospital lab starts with understanding every single CPT code you’re drawing for and the detailed costs associated with each, including supply and phlebotomy resources. Key drivers of success include a comprehensive test mix index, multiple models for phlebotomy, and bringing tests in house to improve turn around times and generate savings through patient lengths of stay over time. Lab experts Jeff Downs and Jeff Myers share their insights on these topics, as well as resources available to ensure your hospital lab isn’t missing an opportunity for growth.