Mayo Clinic Laboratories > Own your lab

It's your lab. Own it.

THE POWER OF A ROBUST LABORATORY IS LIMITLESS.

It delivers insights that put patients on the right pathway. It drives revenue that can bolster the financial stability of the hospital. It elevates the standards of care in the communities it serves – but only if you recognize your lab’s potential and cultivate its value.

You can uncover your lab’s capabilities and transform it into a powerful engine for patient impact and revenue generation. Start your lab’s future today.

15-20%

Labs with robust outreach programs generate 15-20% of total outpatient gross charges.

TOP 3

Lab is one of the top three contributors to a hospital’s outpatient gross charges.

MORE

Lab has more patient touchpoints than any other outpatient service line.

Recognize your lab's potential

Hear from William Morice II, M.D., Ph.D., president and CEO of Mayo Clinic Laboratories, on the importance of retaining lab ownership and why the hospital laboratory is an invaluable part of local healthcare delivery and financial stability.

“The best interest of the patient is the only interest to be considered, and in order that the sick may have the benefit of advancing knowledge, union of forces is necessary.”

William J. Mayo, M.D.

The lab has more patient touchpoints than any other outpatient service line and has the potential for the greatest patient impact. To maintain control of quality and patient data, the hospital should retain control of its lab. The lab is also the tip of the spear for other hospital outpatient service lines. If a patient starts their diagnostic journey elsewhere, they are more likely to go elsewhere for other services.

A robust laboratory outreach program can make your lab the go-to source for quality testing in your geographic area, transforming it into a revenue-generating engine for your hospital or health system. Mayo Clinic Laboratories is the only lab partner that strengthens the community hospital and supports your laboratory goals by providing consultative services and other tools that help clients drive revenue growth.

The patient follows the specimen – and lab is often the first stop on a patient’s diagnostic journey.

Why choose Mayo Clinic Laboratories?

person

Prioritizing patients
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.

algorithm

Managing utilization
Our experts develop sophisticated testing algorithms to guide physicians to the most accurate diagnosis while reducing wasteful testing, ultimately decreasing the cost to diagnose.

Driving revenue
We don’t compete with hospital labs; we support them. By helping labs evaluate potential and maximize capabilities, we ensure more revenue stays with the hospital.

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Sharing knowledge
Mayo Clinic physicians and other experts continuously create new educational opportunities, many of which offer CME credit. Your staff also has direct access to Mayo Clinic physicians and scientists, who help optimize test orders and interpret results.

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Telling your story
We equip lab teams with data and strategies to educate others on the power of their laboratory.

Own your lab’s future. Schedule a consultation with one of our lab experts.

References
  1. Medicare Cost Report data provided by Definitive HealthcareTM.
  2. Medicare Cost Report data provided by Definitive HealthcareTM.
  3. Medicare outpatient billing data provided by Definitive HealthTM.

LEARN MORE ABOUT HOW WE CAN BUILD YOUR LAB'S POTENTIAL.

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