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Why Lab Prices Declined 32% During 3-Year Study

Employer’s use of reference pricing got patients to choose lower-priced labs over high-priced labs

CEO SUMMARY: Researchers studied the effect reference pricing had on an employer’s efforts to steer consumers to low-cost clinical labs. The study showed that patients were particularly sensitive to lab test prices—in 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 …

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