Reduce costs and drive appropriate lab test utilization
Lab Stewardship for Payers
Diagnostic laboratory tests are an integral part of providing information to clinicians and patients to enable them to make important health decisions and determine effective treatment plans. At Labcorp, our evidence-based guidelines and lab stewardship tools equip providers with the tools, analytics and resources needed to order the right test for the right patient at the right time.
Lab results are estimated to inform 70% of medical decisions and make up 2.3% of overall healthcare costs.1
With Labcorp’s lab stewardship program, clinicians, payers and labs can work together to:
Lower costs while maintaining quality
With our broad range of resources, we can help your organization improve outcomes, increase access and reduce spend. We identify opportunities to improve patient management and access to care while lowering overall medical expenses through earlier disease identification and intervention.
Enhance the provider experience
Our analytic tools provide metrics on lab utilization and clinical guideline adherence regarding tests and population health. This brings you powerful insights at every level: population, clinician and member.
Focus on health equity
Our population analysis reports can help providers evaluate specific patient populations to identify opportunities to promote public health and close care gaps for those most at risk.
Utilization Dashboards and Metrics
With Labcorp Insight Analytics’ interactive lab utilization dashboards and metrics for ordered tests, providers can identify potential opportunities for more efficient testing, including guideline-based test ordering cascades (e.g., thyroid function).
Point of Care
By integrating providers’ electronic health records with evidence-based insights and longitudinal patient views, Labcorp Diagnostic Assistant can help clinicians quickly address next steps with your members.
Patient Results Cross-Search
Cross-search capabilities within our Labcorp Link platform enables providers to easily find and review prior lab test results for each patient (ordered by any clinician from Labcorp) before ordering a test— reducing waste and preventing unnecessary, duplicate testing.
Clinical Decision Support
From patient-specific diagnostic information to evidence-based healthcare content for high-cost disease states, Labcorp offers clinical decision support to help both physicians and your members better manage health.
Contact us today to explore how Labcorp's lab stewardship programs can help meet your unique needs.
Reference
1. Ducatman BS, Ducatman AM, Crawford JM, Laposata M, Sanfilippo F. The value proposition for pathologists: A population health approach. Acad Pathol. 2020;7:2374289519898857. doi:10.1177/2374289519898857