The Cost of Cybersecurity Failures in Healthcare: Lessons from the Ascension Breach
By: Dyana Williams, Director, Lighthouse RCM Solutions The healthcare industry continues to face an increasing number of cybersecurity threats, and the fallout from these breaches can extend far beyond immediate downtime. The Ascension cyberattack in May 2024 serves...
3 Things to Know When Billing for Genetic and Molecular Testing
As labs throughout the country continue to explore new revenue streams in the face of seemingly endless annual cuts from CMS and commercial payers, many are adding genetic testing and molecular diagnostics to their test menus. However, due to a patchwork of regional...
Managed Care Contracting: How Hospital Labs Can Improve Their Negotiating Approach
When it comes to managed care contracting, hospital laboratories face an increasingly complex landscape. Navigating these contracts effectively can make the difference between thriving financially and struggling to maintain operations. Understanding key contract...
Exploring Value-Based Care: Insights and Opportunities for Medical Labs
Value-based care represents a transformative shift in healthcare, prioritizing patient outcomes and cost efficiency over the traditional fee-for-service model. But despite its promise, transitioning to value-based care (VBC) is sometimes perceived as a challenge for...