Achieve savings and increase revenue with Valley Street Lab Partners.
A clinical laboratory is an essential part of any hospital, but making it run efficiently with limited funds can prove to be a difficult task. As your collaborative healthcare partner, Valley Street Lab Partners helps your organization achieve savings and increase revenue. We work with your laboratory services staff to collect data and set clear benchmarks to improve performance over time. When our consultants analyze different ways to enhance productivity, we take a number of specialized solutions into account, including: negotiating supplier or outside laboratory contracts, improving turnaround times, optimizing in-house testing facilities, updating technology/equipment, and integrating new lab practices.
Discover savings in unlikely places with in-depth reporting software.
Those new lab practices include new means of gathering and synthesizing data through the use of best in class analytical software tools. We install and configure these algorithm-based tools as part of our service. In most cases, the software is run autonomously of IT and can be implemented in a matter of weeks. Out of the box reports provide the lab managers with seldom seen insights into physician ordering patterns, population health statistics, test utilization trends (both over and under) which can then be shared with our client’s medical staff. It is through these new tools that lab managers can emerge as leaders in their institutions by providing guidance to hospital staff and administration as they enter into the world of bundled payments and risk-sharing contracts.
Uniquely qualified to enhance your laboratory services.
Valley Street Lab Partners consultants have decades of experience in laboratory settings, combining a scientific background with an eye for business success. We are uniquely qualified to enhance your laboratory services and raise your hospital’s bottom line by:
- Reducing error rates
- Evaluating and improving blood utilization policies
- Interim management and long-term strategic oversight
- Negotiating vendor contracts
- Utilizing internet-based lab ordering systems
- Periodic instrument and equipment analysis for replacements/upgrades
- Implementing reporting programs and performance benchmarking
The team of lab consultants at Valley Street Lab Partners has the expertise to deliver proven results to your organization. Adapting to the rapidly changing healthcare industry can create new opportunities for our clients to thrive. Contact us to begin the conversation.
Recent Case Studies
Jeff’s work with the laboratory was exceptional! He asked all of the right questions to determine where cost savings or changes to processes should occur and not only found cost savings for our site but our entire System.
Sandy SteinlageLaboratory Director