Own your lab, own your future
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.
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Download our white paper, “Maximize your health system’s financial performance,” to arm yourself with this data.
Why choose Mayo Clinic Laboratories?
Highlights
William Morice II, M.D., Ph.D., highlights data-driven reasons health systems benefit from the lab service line and strategies to bolster performance.
In this episode of Mayo Clinic Laboratories’ “Leveraging the Laboratory” podcast, host Jane Hermansen, outreach manager at Mayo Clinic Laboratories, is joined by colleagues Ellen Dijkman Dulkes and Brianne Newton. They discuss common reasons that outreach programs fail to launch and strategies for building momentum to implement a program.
In this episode of “Answers From the Lab,” host Bobbi Pritt, M.D., chair of the Division of Clinical Microbiology at Mayo Clinic, is joined by William Morice II, M.D., Ph.D., CEO and president of Mayo Clinic Laboratories, to discuss the value laboratories deliver for their entire health system.
Medical Laboratory Professionals Week is a time to appreciate the profound impact of laboratory medicine on healthcare and innovation.
Mary Jo Williamson, chief administrative officer of Mayo Clinic Laboratories, shares insights on balancing needs with future-oriented investments.