Physician office lab work can be the source of both cost reduction and enhanced revenue.
In recent years, most health systems have increased their ownership of Physician Practices. In fact 65% of physician offices are owned by hospitals. Couple that with the fact that most physician offices (85%) use CPOE with their existing lab provider, capturing lab testing and bringing it into the hospital requires a great deal of investment in manpower and systems capabilities. Additionally, physician office lab testing by its very nature is different than Inpatient/Outpatient testing. The differences to some may seem subtle but it is often the subtleties that are the difference between providing great service and poor.
Work with the most experienced Physician Office Outreach Lab Testing consultants.
Our consultants are among the most experienced in the Physician Office Outreach lab testing business having operated one of the top 10 largest labs in the country with more than 4,000 physician clients and 12,000 patient requisitions / day. We were one of the earliest adopters of CPOE tools, going back to 2001, and by far the most-connected laboratory in the country with 85% of our daily orders (some 10,000 requisitions / day) coming in electronically and 100% of our results going out to EMR’s. It is from this perspective that we can guide a hospital venturing into CPOE be a success.
A well-executed outreach lab program can yield millions of dollars in previously “leaked” or “spilled” revenue, lower the cost of IP/OP testing by leveraging the fixed costs of the existing lab infrastructure and instrumentation while providing hospital-quality testing to its physicians practices.
Implement a world-class Outreach Testing operation with Valley Street Lab Partners.
We understand that Physician Office clients are different than Hospital-based clients and therefore we understand the need to provide a different level of customer service when serving them. From establishing courier networks to managing physician office phlebotomists to billing, we understand the Outreach Testing business and we can help you establish a world-class Outreach Testing operation too.
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.
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Amid a highly competitive healthcare environment, you won’t find a more skilled consultant in our industry who understands the path that hospitals, health systems, and their laboratories must trod down in order to be relevant.