December 2024 Edition
Lighthouse Lab Services
Helping with Lab Management, Recruiting, Consulting, and Lab Director Services for the clinical laboratory industry.
Upcoming Webinar: To Keep or Divest Your System Clinical Laboratory: Gain the Day, But Lose Tomorrow? The Unintended Consequences of Outsourcing the Lab
Strong dynamics in the laboratory industry and U.S. health care writ large place in-system laboratories at risk for divestment and monetization. The temptation to divest is great for corporate leadership: revenue compression from PAMA and other sources threatens both fee-for-service laboratory revenue and the monetizable value of the clinical laboratory. Substantive one-time payments from buyers are attractive one-time solutions for competing cash-flow needs.?
Integrated system laboratories and independent laboratories that serve integrated health systems can successfully establish and hold their valued positions, serving as exemplars for peers. However, each clinical laboratory faces its own institutional challenges.?
Join us at noon EST, Wednesday, Jan. 22, for a “fireside chat” that will bring two nationally recognized pathologists together to examine both the challenges facing the non-profit sector of the laboratory industry, and strategies for establishing strong positions for both laboratory preservation and growth.
LATEST NEWS
Key Considerations When Adding Digital Pathology
Digital pathology is rapidly transforming the field of diagnostic medicine, offering laboratories opportunities to enhance workflow efficiency, patient outcomes, and collaboration. While the technology is promising, adopting it requires careful planning and investment to ensure the solution is right for your needs and patient population.
In our latest blog, we explore the key considerations for laboratories looking to add digital pathology, including reimbursement, implementation, and other items to keep in mind.
CMS Lab Director Changes Take Effect December 28
Don't forget! Big changes are coming on December 28 to CMS qualification requirements for lab directors of moderate- and high-complexity labs. Our Lab Director Team has predicted this shift will primarily affect CLIA-Certified Lab Directors of moderate-complexity POL labs that may have a provider acting as the CLIA Lab Director.
If you're working to comply with these changes, Lighthouse specializes in connecting labs with qualified part-time lab directors who meet these updated criteria. You can also check out our recent blog for more details.
Get Paid for Quick Healthcare Surveys with InCrowd and Lighthouse
Looking to earn some extra income? InCrowd MicroSurveys give lab professionals a chance to provide input on critical healthcare topics through surveys that typically take less than 10 minutes. Your responses drive impactful research for top organizations in the life sciences industry and help fuel advancements in patient care.
Get paid for each survey or interview you complete, even when you don’t qualify for certain surveys. And rest assured, all responses are anonymous and handled with strict confidentiality.
Don’t miss this chance to make an impact in healthcare research while getting rewarded for your time. If you have questions about this partnership or want to learn more before registering, please feel free to reach out to us directly.
Celebrating the Holidays by Giving Back to the Charlotte Community
Earlier this month, some of our team members traded lab coats for aprons and got to work making a difference for the holidays!
We gathered at our Charlotte HQ to make 162 sandwiches for Roof Above, a local shelter and homeless service provider offering essential support to those in need.
We’re proud to be part of a team that not only supports labs across the country but also shows up for our neighbors. Here’s to spreading kindness (and maybe a little mayo) one small act at a time!
CANDIDATE SPOTLIGHT
The Lighthouse "Candidate Corner" is a recurring monthly spotlight featuring some of the great lab professionals our recruiters work with each day. Check out a quick preview of one individual below, then click over to our blog to see all five candidates for December.
If you'd like to learn more about anyone listed in this section, or inquire about their ability to relocate, email us directly?here!
领英推荐
Director of Anatomic Pathology
Education:?
Certification:
Preferred Location:
RCM NEWS AND TIPS
CMS Improper Payment Report Puts Spotlight on Lab Services for Future Auditing
A new improper payment report from CMS has placed labs in the crosshairs for potential billing audits and other actions, with documentation errors cited as the most significant ongoing issue. To compound matters, the Office of Inspector General (OIG) also recently updated its work plan to audit and review Medicaid payments for clinical lab services.
Both of these developments mean lab claim reimbursements, particularly for POLs and independent labs, will be under higher scrutiny by CMS in 2025 (and private payers are likely to follow suit). With that in mind, what can labs be doing now to ensure they are prepared if they receive an audit request?
New Strategic Partnership: Insight CFO Services
Lighthouse Lab Services is excited to announce a new partnership with Insight CFO Services, a company specializing in fractional CFO services for medical laboratories and physicians looking to optimize their financial performance. This collaboration further underscores our commitment to providing comprehensive support to our clients and the lab industry as a whole.?
Led by CEO and Owner Tiffany Vogel, Insight CFO Services offers a cost-effective alternative to a full-time CFO, helping medical professionals improve cash flow, manage budgets, and create strategic financial plans. Whether you're scaling your operations, overcoming financial challenges, or preparing for a future sale, Insight CFO Services provides the expertise to achieve your goals.?
Benefits include:?
?? Budgeting, Forecasting, and Cash Flow Management: Ensure your financial resources are aligned with your vision.?
?? Exit Strategy Support: Maximize the value of your business when it's time to sell.?
?? Quick ROI: Expect measurable results within 90 days, often surpassing the initial investment.?
Insight’s addition to our roster of strategic partners ensures Lighthouse clients have access to the strategic financial leadership labs need to thrive—without the overhead of a full-time CFO. For more info on how this partnership can benefit your lab or practice, reach out to us today!
UPCOMING CONFERENCES AND TRADESHOWS
1. Clinical Lab 2.0
This newsletter is brought to you as a courtesy from Lighthouse Lab Services to provide quality and timely information that can improve your laboratory operations. We strive to maintain our position as the country’s premiere lab consulting firm and support your success.
VP Strategic Partnerships
2 个月Such great information!