ARE THE ESTIMATES ON HOW MUCH HOSPITAL LAB COSTS CAN BE CUT USING
THIS PROGRAM? top
There is an opportunity for savings ranging from 8% to 20%
depending on several factors including the size of the hospital.
However, the savings is really secondary to the opportunities to
improve clinical integration of inpatient and outreach testing, and
using laboratory information to reduce costs in other areas of the
health system, such as Pharmacy, inpatient stays, and managing
chronic disease states.
WHO ARE CURRENT CLIENTS? top
We have Laboratory service agreements with 12 hospitals in Hawaii
covering 42% of all hospital beds in the state. In addition, Sonic
Healthcare manages 19 hospital laboratories in Australia, including
a large (over 500 beds) University hospital laboratory. In
England, Sonic manages 4 hospital laboratories ranging in size from
350 beds to over 700 beds, including one of Europe's leading
HOW IS THE PRICING STRUCTURE? ARE
HOSPITALS CHARGED MONTHLY FEES, OR IS IT A PERCENTAGE BASED ON
The pricing structure is flexible and is based on the needs of our
clients. However, the pricing and cost of our services is only one
aspect of a broader plan to work with health systems as a partner,
which includes, where appropriate, increasing outreach lab
revenues, Physician connectivity solutions, as well as improving
IS THERE A PARTICULAR HOSPITAL FOCUS--
SUBURBAN/COMMUNITY OR RURAL HOSPITALS OR ALL
There is not a particular hospital focus; however, our services
will work best with health systems operating multiple hospitals
within a specified geographic region.
IS THIS A PRECURSOR TO ACQUIRING SOME
HOSPITAL LAB OPERATIONS? top
We do not intend to acquire hospital lab operations. We would
prefer to work with health systems as a partner.
WHY SHOULD I JOIN THIS
While hospital lab costs can be reduced by 8% - 20%, the main
reasons to join the LabSynergy
1) It can cost-effectively help
health systems reduce overall healthcare costs in the coming
risk-based reimbursement models.
LabSynergy program utilizes evidence
based laboratory medicine to improve patient outcomes.
3) It assists in chronic disease
LabSynergy program will integrate
inpatient and outreach lab testing.