1.

Test results inform 70% of medical decisions.

Test results and interpretations are at the heart of nearly every patient’s care journey. Laboratory testing not only contributes to quick and accurate diagnoses but also plays a significant role in planning treatments, managing chronic conditions, assessing treatment response, and developing new therapeutics.

2.

Nearly 9 in 10 infectious disease physicians emphasized the importance of onsite lab services for diagnostic reporting and collaboration according to a survey referenced in a white paper about hospital-owned labs.

This sentiment is echoed by colleagues across various specialties. Having pathologists and lab experts readily available for timely consultations on test ordering and interpretations fosters a collaborative environment where staff feel supported and patients benefit greatly.

3.

Laboratory staff conduct 14 billion tests annually, generating a wealth of data that not only drives decision-making but also fuels innovation.

As investigators and medical professionals increasingly leverage artificial intelligence tools and data analysis resources, this data is driving insights at an accelerated pace. These insights lead to quality improvements, new treatments, and cures that bring hope to individuals facing some of the most serious and complex conditions.

4.

Outpatient laboratory growth is a key indicator of a health system’s success, as measured by net patient revenue.

A recent data analysis revealed the significant value laboratories contribute to their organizations. From driving revenue to shortening hospital stays, laboratories enhance operational efficiency, quality patient care, and financial performance. Check out our white paper, “Maximize your health system’s financial performance,” for more data-driven ways laboratories support their organizations.