CEO SUMMARY: Researchers studied the effect reference pricing had on an employerās efforts to steer consumers toĀ low-costĀ clinical labs. The study showed that patients were particularly sensitive to lab test pricesāinĀ part because those prices varied widely. Over the course of the study, a grocery chain saved $2.7 million when the percentage of patients using higher-priced labs […]
Why Lab Prices Declined 32% During 3-Year Study
Employerās use of reference pricing got patients to choose lower-priced labs over high-priced labs
- By Joseph Burns
- > From the Volume XXIII No. 12 - September 6, 2016 Issue
- Tags: clinical lab, clinical lab test, clinical lab tests, clinical laboratories, Clinical Laboratory, clinical laboratory test, clinical laboratory tests, clinical labs, cost of lab, cost of lab tests, cpt, cpt code, diagnostic assays, diagnostic lab, diagnostic laboratory, diagnostic laboratory testing, Diagnostic tests, genetic test, genetic tests, hie, lab administrator, lab executive, lab test, lab test prices, lab test utilization, lab tests, laboratories, laboratory test, laboratory testing, laboratory tests, pathologists, test utilization, the laboratory
