As laboratories pivot back to traditional testing post-COVID-19, many face financial challenges due to the loss of federal funding and shifting operational priorities. With a proactive approach to financial management, laboratories can regain stability and enhance operational efficiency. This article outlines key strategies for reducing laboratory costs, including:
- Claim Denial Reduction
- Optimized Patient Payment Processes
- Supplier Consolidation
- Multi-Year Service Agreements
- Efficiency Tweaks
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