Trends in Lab Testing, Management and Payment
Speaker:
Michael Astion, MD, PhD, Medical Director, Seattle Childrens of Laboratories
Contact Hours:
1.0
Date:
March 19, 2025 - March 31, 2027
Description:
Clinical laboratory testing is foundational to excellent healthcare. With so much at stake, do you ever wonder why there are simultaneously so many good ideas and bad ideas in clinical laboratory testing? Do you wonder why some testing is financially lucrative while other testing is done at a loss? This presentation with Dr. Astion answers those questions and highlights what to expect regarding future directions for the clinical laboratory industry.
Learning Objectives:
- Describe two reasons why clinical laboratory testing is usually profitable.
- State three reasons why clinical genetic testing, especially that offered by commercial genetic labs, is often not profitable.
- Compare and contrast disruptive laboratory innovation with incremental laboratory innovation, giving examples of what would be considered disruptive and what would be considered incremental.
- List two insurance trends that negatively influence payment to labs and two trends that positively influence payment.