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How Pathology Groups and Labs Can Advocate for Better Compensation

How Pathology Groups and Labs Can Advocate for Better Compensation

by Alex Mitchell | Oct 17, 2024 | CMS Fee Schedules, Pathology Management, Revenue Cycle Management, Industry Insights

Pathology and laboratory services are vital to clinical decision-making, from routine diagnostic testing to guiding complex cancer care. Yet, these professionals increasingly feel the squeeze from declining reimbursements and rising operational costs. For both...
Tips for Building a Clientele After Starting Your Lab

Tips for Building a Clientele After Starting Your Lab

by lighthouselab | Oct 14, 2024 | Lab Operations & Management, Tips for New Lab Owners, Industry Insights, Clinical Laboratory

Opening a new lab is a significant achievement, but you still have many challenges that lie ahead, including building your clientele. Nurturing a client base requires strategic planning, effective branding, and community engagement. Read on to learn several important...
How to Properly Value a Medical Laboratory for Sale or Purchase

How to Properly Value a Medical Laboratory for Sale or Purchase

by Alex Mitchell | Oct 3, 2024 | Lab Acquisitions and Transactions, Lab Operations & Management, Tips for New Lab Owners, Industry Insights

When preparing to sell or buy a medical laboratory, it’s essential that you first conduct a thorough valuation in order to ensure the deal will be financially viable for your future plans. A variety of factors can influence the final price, ranging from revenue...
The Benefits of Lab Equipment Calibration Services

The Benefits of Lab Equipment Calibration Services

by Alex Mitchell | Sep 23, 2024 | Lab Operations & Management, Tips for New Lab Owners, Industry Insights

When your laboratory uses sophisticated equipment like liquid chromatography-mass spectrometry (LC-MS) systems, you rely on these tools to provide trustworthy results. However, regular use of this equipment can eventually cause changes to the tools that lead to...
Things To Know About Lab Instrument Service Contracts

Things To Know About Lab Instrument Service Contracts

by lighthouselab | Sep 16, 2024 | Lab Operations & Management, Tips for New Lab Owners, Industry Insights, Clinical Laboratory

Laboratories and their employees need reliable equipment to do their jobs well. One way lab managers can ensure their operations run smoothly is by entering into a lab instrument service contract to receive routine preventative maintenance and other benefits. Here are...
What’s Standard for Medical Lab Billing Contracts?

What’s Standard for Medical Lab Billing Contracts?

by Alex Mitchell | Sep 2, 2024 | Industry Insights, Lab Operations & Management, CMS Fee Schedules, Tips for New Lab Owners, Revenue Cycle Management

Entering into an agreement for medical billing services is an important process for any clinical lab or pathology group that does not have this service provided by a hospital or other partner. But what metrics and capabilities should a medical group or lab look for...
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