Own your lab, own your future

Data demonstrates lab ownership is a key driver of hospital health

Hospital systems are under ever-increasing pressure to balance quality patient care with bottom-line performance. Selling your laboratory business or entering into a joint management agreement may seem like a wise decision to bring a short-term cash infusion. But data suggests health systems that retain their lab service lines ultimately perform better financially compared with those that relinquish control of the lab — while maintaining their ability to deliver quality care for their patients.

The laboratory is the cornerstone for systems that offer complex care. Not only does a strong lab enable a system to pursue clinical testing innovation that elevates care in its community, it is also foundational to the financial stability of the entire health system.

1.4%

1.4% higher net patient revenue growth for health systems that retained control of their lab

Leading indicator

Outpatient lab growth is a leading indicator of health system success

1% lower length of stay growth for health systems that retained control

Grow your lab, grow your health system

Hospitals and health systems nationwide strive to prioritize quality patient care while delivering bottom-line financial performance. The pressure is real. However, data suggests that the long-term financial and patient care benefits you gain by retaining your hospital’s lab service line can outweigh the short-lived relief you may experience after relinquishing control of the lab.

Your lab is located at the center of your continuum of care, driving meaningful revenue to your bottom line. Growing your lab ultimately supports the growth of the entire health system.

Why retain your lab?

To help hospital systems better understand the financial implications of transitioning lab ownership, Mayo Clinic Laboratories, in collaboration with an independent data analytics company, analyzed hospital financial data, which suggests that retaining your lab service line can offer strategic and financial benefits. Our report presents five data-driven reasons why retaining your hospital lab can make a powerful impact on the financial well-being of the entire health system.

Download now

Fill out the form to download our white paper, “Maximize your health system’s financial performance.”

Why choose Mayo Clinic Laboratories?

Business solutions
We are uniquely positioned to collaborate with our clients, on a health system to health system level, to meet challenges head-on and build their lab’s revenue-generating potential.

Capabilities
As a global reference laboratory, we offer a test catalog of over 4,400 rare and complex assays, as well as routine testing. We offer our clients 24/7 support and access to Mayo Clinic physicians to discuss test ordering and result interpretation.

Clinical excellence
We see patients every day, often with the most rare and complex diseases. Our experts use this experience to develop testing that delivers clinically actionable insights.

Contact us to help maximize your lab's potential in 2025

Download our white paper now

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