Lab Trends Blog

Seven tips to reduce costs in the laboratory

Reduce the scope of services conducted in the laboratory and outsource more complicated and less frequent testing.

Pursue strategic capacity arrangements with an independent lab partner to reduce staffing pressures and costs.

Collaborate with physicians to reduce unnecessary tests.

Examine labor costs and match qualifications, skills and licensing requirements with the tests being performed.

Analyze your laboratory outreach business over several years and sell if not generating a net operating income.

Assess how AI is being used throughout your health system and how use cases can translate to the lab environment.

Monitor deployment costs of total laboratory automation to ensure that cost reductions are achieved.

Read the blog "A roadmap to improving efficiencies and removing costs at hospital labs."