Health Systems Should Retain Control of Their Clinical Labs Including Outreach

There has been a trend a recent years for hospitals and health systems to sell their lab outreach businesses, often to one of the two largest commercial reference labs,Quest Diagnostics andLabCorp, and then outsource their lab services to the same company. There is some early evidence that this trend may now be reversing (see: IS THE JOINT VENTURE HOSPITAL LAB AN EMERGING TREND?). Below is an excerpt from the article:News of a new laboratory joint venture involvingProMedica Health of Toledo, Ohio, and Sonic Healthcare USA, of Austin, Texas, should be of interest to lab administrators and pathologists managing hospital or health system laboratories (see:ProMedica and Sonic Healthcare Form New Laboratory Joint Venture Partnership). This joint venture is evidence that forward-looking health systems and hospitals recognize the importance not only of retaining control of their laboratory services, but also of leveraging and expanding lab testing to support integrated clinical care in all locations....[T]he oft-repeated message of national lab firms to Wall Street analysts and investors in recent years is that hospitals and health systems want to sell their lab outreach businesses and outsource hospital laboratory services to commercial lab companies....The Dark Report considers this latest pact involving ProMedica and Sonic to be significant for four reasons: First, this top-tier health system (with 13 hospitals in multiple states) is making a substantial commitm...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Clinical Lab Industry News Clinical Lab Testing Genomic Testing Healthcare Innovations Lab Industry Trends Lab Processes and Procedures Reference Laboratories Source Type: blogs