Happy Lab Week!

Since 1975 the laboratory community has been increasing public awareness, understanding, and appreciation for clinical laboratory personnel by celebrating Medical Laboratory Professionals Week (Lab Week). Now, more than ever, laboratories deserve recognition and support because disruption is the new normal in the lab industry. While PAMA has been (and will continue to be) a major disruptor in our industry, it is far from the only one. Other industry trends such as continued industry consolidation, changes in working relationships with payors, rising consumerism, the entry of nontraditional competitors in the healthcare space, and the emerging focus on recognizing the intrinsic value of data, all are reshaping our industry and what we need to do to thrive in this dynamic environment.

Even with all these roadblocks, lab professionals continue to be relied on for accurate diagnostics and continue to prove instrumental to the quality of healthcare. At XiFin, we have the privilege of working with amazing laboratories, helping them thrive by unleashing their value, both financially and in improving patient outcomes. We love what we do, and we are proud to be able to call laboratory professionals our clients.

From everyone at XiFin, we would like to say thank you to all lab professionals for their contribution to the betterment of diagnostics and healthcare and for continuing to persevere through the ongoing pressures in the lab industry.

Happy Lab Week!