OUTREACH LAB BUSINESS CONSULTING
We understand the Outreach Testing business and we can help you establish a world-class operation, too.
Valley Street Lab Partners consultants work with your staff on actionable steps to help your organization achieve savings and increased revenue in the lab. We are experts in both hospital and for-profit laboratory operations consulting with results that speak for themselves. Most clients achieve savings between 10%-25% of identified costs, often times resulting in millions in savings over a three – five year period.
We work with your laboratory management to collect data and set clear benchmarks to improve performance. Our consultants analyze different ways to enhance labor productivity by taking each facility’s practice specialties into account and then tailoring our solutions to each client’s individual circumstances. Our specialties include:
-Negotiating supplier and reference lab contracts.
-Outreach testing strategies
-Mergers and acquisitions
-Turn-around time improvement
-Point of Care testing strategies
-Lab design and instrument layout optimization
-Lab system conversions
-Instrument and automation acquisition/upgrade
-New testing technologies (e.g. genetic testing)
Our cost reduction services are aimed at driving out excess costs and maximizing revenues. We do this by collaborating with our client’s medical and lab staff in order to drive savings in line with established and agreed upon goals. Our clients on average see tangible results within three to six months, with most changes fully implemented in less than 1 year.
Valley Street Lab Partners consultants bring the right mix of financial acumen, clinical technical experience and technological sophistication to every client engagement. Grounded in a strong history of successful lab ventures, Valley Street is quickly becoming known as one of the leading lab consulting firms in America. Our lead consultants have more than 50 years combined experience and have well-established industry relationships that typically shorten the time it takes to implement change and negotiate favorable pricing for our clients. Our state of the art software decision support partnerships bring a whole new added dimension to our service offerings. Read reviews from our satisfied clients to learn why they consistently tell us that we meet or exceed their expectations in all aspects of our engagement.
Before selling your hospital lab, engage an expert to help you determine if that is the right move for your health system.
If yes, we can help you run a structured sale process to not only maximize the price you get but also properly structure the service delivery terms in the post-sale, lab services contracts.Read the Whitepaper