Blog Posts by Date: Apr 2018


PAMA’s Payment Impact & Strategies To Protect Your Lab's Revenue

  • April 30, 2018

Medicare's new pricing plan under the Protecting Access to Medicare Act (PAMA) is damaging to the bottom line for most clinical laboratories. Only 10% of rates for codes on the clinical laboratory fee schedule (CLFS) increased, while the weighted median of the private payor rates shows a decrease over current payment rates for three quarters of...

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Maximize Profitability and Define Value for Hospital Outreach Labs

At the recent ASLCLS / CLMA Iowa meeting, I was encouraged by the emphasis being put on the outreach laboratory business.  Although frequently (still) viewed as services as opposed to profit generators, there are tremendous efforts being made to change this focus and demonstrate the value of the laboratory.  Through standardization, strategic...

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Hear Insider Takes on Key Industry Trends at Executive War College

  • April 26, 2018

As most of us in the lab industry know, an estimated 70% of medical decisions are influenced by or based on laboratory test results. By 2025, industry experts estimate that anywhere between 100 million to 2 billion genomes will be sequenced. And by 2030, nearly 20% of the U.S. population will be 65 and older, depicting a rapidly aging population...

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Happy Lab Week!

  • April 23, 2018

It’s that time of year where we honor and thank medical laboratory professionals for all that you do. Since 1975 the laboratory community has been increasing public awareness, understanding, and appreciation for clinical laboratory personnel by celebrating Medical Laboratory Professionals Week (Lab Week). Lab Week is the last week in April each...

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Are We Inadvertently Stifling Innovation?

  • April 19, 2018

I recently had the opportunity to speak with an international company about what it takes to bring a new diagnostic test to market in the United States. During the course of our discussion, I began to reflect on just how tricky, time-consuming, and expensive if can be to bring a new test to market here. Based on the huge investments necessary to...

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Collect MACRA Incentives and Avoid Penalties

  • April 12, 2018

MACRA’s Role in the Value-based Care Landscape: How pathologists and laboratories will be affected by quality-based rewards and penalties.As CMS continues to develop their initiatives around quality reporting it’s pertinent to not only ensure compliance with current reporting requirements, but to also anticipate what today’s quality reporting...

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Why You Need a Technology Platform that Moves with Your Changing Needs

  • April 12, 2018

“When someone is assessing their business’ needs, they should be looking out for long-term solutions,” said Mitchell Fry, XIFIN’s Vice President, Sales & Strategic Alliances. “You don’t want to invest in short-term patches or band-aids solely based upon immediate needs. You want to invest in modern technology that’s backed by a company...

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5 Key Performance Indicators for Outreach Labs

At HIMSS 2018, Charles V. Wilson, Vice President of Operations at Robert Wood Johnson University Hospital (RWJUH) presented a session with XIFIN Executive Vice President and General Manager of Diagnostic Services on “Building an Analytics-Driven Laboratory Outreach Business”. In the session, Charles showcased how their laboratory team at Robert...

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