CEO SUMMARY: Clinical labs are beginning to make the transition from a volume-based financial model to a model based on value-based payments. To survive this transition, labs must find ways to create value. The lab at Henry Ford Health System has identified 10 ways that it can contribute more value to physicians and its parent health system. One way is to help eliminate needless tests and processes. Other initiatives involve improving supplier processes, helping to reduce patient length of stay, creating a lab test formulary, and demonstrating the financial efficacy of all lab interventio
Detroit Hospital Develops 10 Ways To Add More Value
Lab team innovates to help physicians iimprrove carre
- By Joseph Burns
- > From the Volume XXII No. 12 - August 24, 2015 Issue
- Tags: aco, affordable care act, Anatomic pathology, cap, clinical lab, clinical laboratories, Clinical Laboratory, clinical labs, companion diagnostic, companion diagnostic test, Companion diagnostics, cost of lab, Diagnostic tests, ehi, executive war college, Fee-for-service, generation sequencing, genetic test, genetic tests, hie, lab administrator, lab operation, lab operations, lab process, lab test, lab testing, lab testing services, lab tests, laboratories, maldi, maldi-tof, mass spec, mass spectrometry, medical lab, Medical laboratory, microbiologist, microbiologists, microbiology lab, molecular lab, molecular tests, pathologists, process improvement, process improvement tools, quality system, quality systems, regional medical lab, the clinical laboratory, the laboratory
