As the healthcare industry transitions from fee for service to value based reimbursement, hospital systems are challenged to improve quality while reducing costs. While laboratory spending only accounts for 2-3% of overall healthcare costs, the laboratory drives 70-80% of downstream medical decisions1, 2. For this reason, proper laboratory stewardship is a critical in today’s healthcare industry.
This webinar will explore essential steps to establish an effective lab stewardship program including governance and structure of stewardship committees. Dr. Fletcher will also outline strategies for implementing successful laboratory stewardship interventions. These strategies include consolidation of reference testing for cost reduction and improved turn-around time, reference test formulary development to limit inappropriate inpatient tests - and appropriate utilization of in-house testing including discussion on the impact of order-sets, recurring daily lab tests and duplicate lab tests. Each of these strategies will drive downstream savings and improve the quality of patient care in healthcare systems.