TO BROADEN ITS CAPABILITIES in handling laboratory test data, Halfpenny Technologies, Inc., announced the acquisition of Laboratory Management Services (LMS) of Hauppauge, New York, earlier this month.
Halfpenny seems to be particularly interested in the informatics solutions developed by LMS to make it easier for clinical laboratories and pathology groups to report laboratory test data to health insurance plans.
Halfpenny CEO Jerry Baker noted that the LMS acquisition would allow his company to “offer a complete range of laboratory-focused, technology-enabled clinical data and reporting business tools.”
In recent years, Halfpenny has taken its expertise in electronic laboratory test ordering and results reporting between doctors’ offices and laboratories and expanded into other areas of health informatics integration. It spotted opportunities to support the numerous health information exchanges (HIEs) under development in many regions across the country, for example.
Linking Local Labs & Payers
Laboratory Management Services has several innovative products aimed at making it easier for local laboratories to participate in management care networks. In the role of network administrator, LMS can help both local labs and health plans create lab testing networks that utilize an “any qualified provider” model with pricing based upon the health plan’s standard fee schedules for clinical lab services.
In support of the managed care network LMS provides local laboratories with a way to handle lab credentialing, data reporting to the health plan, quality management, and similar activities in its role as network administrator and as a single point of contact with participating health insurance plans.
Managed Care Companies
In the past 24 months, managed care companies have begun to ask clinical laboratories to electronically provide laboratory test results in a form that meets the needs of the payers and also allows them to populate the electronic health records (EHRs) of their beneficiaries. However, moving such data in the right format between lab- oratory and managed care plan can be a challenge.
Mike Snyder, President of LMS, stated that most health insurance plans “are unaware of the hurdles that laboratories face with respect to sharing clinical data.” The opportunity for the two companies is to combine “LMS’s management tools with Halfpenny’s specialized interface engine” enabling Halfpenny to “securely and cost-effectively facilitate data exchange between health plans and clinical laboratories.”