The Strategic Impact of Laboratory Services in a Value-Based Environment

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In an industry rich with payment reform, changing care models, mergers and acquisitions, and increased consumerism, healthcare executives are tasked with finding solutions to enable organizations to remain financially viable while delivering high-quality care across the continuum. When developing strategic plans to meet these goals, laboratory services is one area that should be considered. While some organizations opt to outsource laboratory services, others see the lab as an area for investment and growth, giving hospitals and health systems an advantage over competitors. 

In this executive roundtable, panelists from  Elmhurst Memorial Healthcare, Northwell Health, OhioHealth, and Catholic Medical Center discussed how can support an organization’s strategic plans, influence clinical and financial outcomes, and reshape healthcare delivery in a value-based purchasing environment.