Traditionally, the lab is viewed as a cost center, providing a necessary service, even when operating an outreach program. In this webinar, panelists from industry leaders including the Mayo Clinic, Mount Carmel Health System, and XIFIN, elucidated proven strategies for morphing into a profit center.
Healthcare Financial Management Association (HFMA) hosted a live 60-minute webinar for members only titled, "Why Lab Finances Are Critical and How to Transform Performance," that provided first-hand knowledge of how their peers are implementing the right strategies and technologies to boost revenue and rein in operating costs, while safeguarding crucial compliance requirements.
Why administrators and finance leaders should pay attention to lab profitabilityWhat roadblocks must be identified and overcome to facilitate a path to profitabilityWhich initiatives and technologies are most effective in driving near-term revenue growth
What tools are available to contain excessive costs in the revenue cycle
Manager, Outreach and Network Development
Mayo Clinic Laboratories
AVP, Health Systems
Director of Outpatient Laboratory
Mount Carmel Health System