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Lab Benefit Managers Want to Help Health Plans

Five LBMs expect steady growth as health insurers seek help managing laboratory test costs and quality

CEO SUMMARY: Laboratory benefit management companies that offer a range of services to health insurers are gaining influence over clinical lab testing in important ways. On behalf of health insurers, LBMs will select labs for a payer’s network, then manage that network. They also manage claims and lab-test utilization, often reviewing medical necessity. A primary […]

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