Valley Street Lab Partners helps you affordably navigate the new testing landscape.
The US Healthcare Industry is at an interesting cross-roads. Everyday providers are scrambling to find ways to lower costs and drive efficiencies. However, health systems nationwide find themselves utilizing genomic tests more and more frequently. Never before has the health industry seen such an increase in the use of esoteric testing as we have with the advent of Genetic testing. Of course the result is a cost line on the lab’s financial statement that is skyrocketing. Through genetic testing, physicians may tailor drug therapies to one’s molecular makeup. The expected outcome is a more targeted approach to fighting cancer and treating other diseases, improved quality of care and a reduction on the overall total cost of care (TCOC).
Implement new efficiency-driving technologies.
We also work to identify new providers of genetic tests and have partnered with a Genetic Testing “clearing-house” which provides an easy to use web-portal for all of one’s genetic testing needs. This portal has information and access to more than 300 genetic labs.
Valley Street Lab Partners realizes $600K annual savings for client.
One of the services we provide for our clients is both contract negotiation. In the area of Genetic testing, we have successfully reduced the cost of genetic testing for our clients as much as 50%. One recent client saw a $600K annual savings. As their volume grows the savings will grow. We expect the five year savings range to exceed $4.0M.
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