Webinar: Price Transparency: Does it Change Your Lab Strategy?

Historically, the laboratory has not been top of mind for health system executives. While the pandemic highlighted laboratory testing in a unique way, new price transparency rules that went into effect January 1, 2021, are highlighting price variation for hospital services, including lab. Additional price transparency disclosures from payers will be available after January 2022.

Healthcare Financial Management Association (HFMA) hosted a live Labcorp sponsored webinar for members only titled, “Price Transparency: Does it Change your Lab Strategy?,” that discussed market environment and potential implications of these historic changes for health system outreach labs.

Key Takeaways:

• Describe the general pricing environment for outreach laboratory services across all payers
• Understand the federal price transparency rules in place and which laboratory services are impacted
• Summarize the long-term planning implications for your health system outreach lab
• Understand the strategic models for lab services that health systems are choosing