• Solutions
    • Overview
    • Revenue Cycle Management
    • Lab Contract Negotiation
    • Labor Productivity
    • Patient Blood Management
    • Physician Office Outreach Services
    • Test Utilization
    • Molecular and Genetic Testing
    • Interim Management
    • Selling and Buying Labs
  • Hot Topics
  • About
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    • Case Studies
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Valley Street Lab Partners Valley Street Lab Partners
  • Solutions
    • Overview
    • Revenue Cycle Management
    • Lab Contract Negotiation
    • Labor Productivity
    • Patient Blood Management
    • Physician Office Outreach Services
    • Test Utilization
    • Molecular and Genetic Testing
    • Interim Management
    • Selling and Buying Labs
  • Hot Topics
  • About
  • Resources
    • Case Studies
    • Continuing Education
    • Testimonials
  • Contact

Test Utilization

Home ServicesTest Utilization

Testing that grows the bottom line. Test utilization.

Analyze and manage testing for a shrinking bottom line.

Hospitals today must implement test utilization programs to assist with controlling the over-ordering of unnecessary tests and capture tests which are under-utilized. Frequently, we talk about ordering the right test at the right time for the right patient. When a hospital implements a test utilization system, a number of good things happen:

  1. Patients are subjected to fewer sticks which in turn improves patient satisfaction.
  2. Patients spend less out of pocket.
  3. Insurance companies pay less which in turn helps to keep premiums from increasing.
  4. Physicians know they have run all the proper tests to support their diagnosis and care plan – improves physician satisfaction.
  5. Hospital Administration is better equipped to negotiate bundled payment and risk-based contracts.

 

Click here to view a helpful presentation about new test utilization methods.

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.

Start the conversation today.

Contact Us

Solutions

  • Overview
  • Revenue Cycle Management
  • Lab Contract Negotiation
  • Labor Productivity
  • Patient Blood Management
  • Physician Office Outreach Services
  • Test Utilization
  • Molecular and Genetic Testing
  • Interim Management
  • Selling and Buying Labs

Hot Topics

  • Managing Test Utilization
    Managing Test Utilization
  • The Value of the Medical Laboratory
    The Value of the Medical Laboratory

Recent Case Studies

  • Lab Cost Per Test Reduction between 29% and 58%.
    Lab Cost Per Test Reduction between 29% and 58%.
  • $636K Savings for Faith Based Hospital.
    $636K Savings for Faith Based Hospital.
  • $1.3M Savings on Supplier Pricing.
    $1.3M Savings on Supplier Pricing.

Testimonials

  • 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 Steinlage
    Laboratory Director
Start the conversation today. Contact Us

About

Valley Street Lab Partners is a laboratory management and consulting firm that helps hospitals and labs reduce expenses by 10%-25% so that they can improve patient care.

Start the conversation today.

Contact

  • Valley Street Lab Partners
  • (336) 213-3959
  • jeffdowns@valleystreetpartners.com
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Recent Case Studies

  • Managing Test Utilization
  • The Value of the Medical Laboratory
  • Lab Cost Per Test Reduction between 29% and 58%.

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