Survival of the Fittest: Transforming Your Lab from Cost to Value Center

Cardinal Health Lab Briefings webinar series

This webinar is presented by Suzanne Carasso, MBA, MT (ASCP), Director of Business Solutions Consulting with ARUP Laboratories.

Title: Survival of the Fittest: Transforming Your Lab from Cost to Value Center

Overview

The new era of healthcare reform is here. Not only is there no going back, but maintaining status quo in healthcare organizations that operate inefficiently is a costly and unsustainable business model. Now is the time to adopt a new way of thinking and behaving around cost containment. Healthcare systems that get it will survive. Those that don’t likely won't.

Laboratory testing plays a central role in healthcare delivery that impacts both costs and outcomes. Unfortunately in some organizations, the laboratory is viewed as little more than a cost center that runs tests and reports results. In order to change this perception, labs must demonstrate quantifiable value well beyond the delivery of test results. When labs actively engage with clinicians to educate, inform, and support optimal test utilization, the transition from cost to value center has begun.

Utilization management has come to the forefront as an effective way to optimize laboratory testing in ways that benefit patients first and foremost, while driving down the overall cost of care. This presentation will discuss the components of an effective utilization management program. The speaker will present a roadmap for improving utilization management, provide specific examples of successful approaches, and highlight opportunities for improvement.

Objectives

Upon completion of this continuing education activity, the participant should be able to:

1. Identify industry trends driving the transition from volume to value-based healthcare.
2. Discuss key metrics associated with inappropriate test utilization.
3. Describe five components of the utilization management roadmap.
4. Cite successful strategies, beyond laboratory formulary, to optimize test utilization.
5. Define ways in which laboratories operate as value centers.

Intended audience

This continuing education credit is intended for use by clinical laboratory professionals who are interested in learning about ways their laboratory can operate as a value center.

Take the course and obtain CE credits

Attend this basic level webinars at no cost.  Cardinal Health is approved as a provider of continuing education programs in the clinical laboratory sciences by the ASCLS P.A.C.E.® Program.  This webinar is managed by Whitehat Communications and offer one P.A.C.E.® Continuing Education contact hour for up to six months after the live event.

One P.A.C.E.® credit is available upon completion of the course: Survival of the Fittest: Transforming Your Lab from Cost to Value Center

P.A.C.E.® credits are widely recognized in the clinical laboratory profession and can be used to fulfill most continuing education requirements.