How payers are using lab services to contain cost: 4 insights

Labs generate 70% of the data used in clinical decision-making, yet only 3% of healthcare costs. As such, they can play an important role in helping payer organizations lower costs for employers and individual members, via earlier screening and detection of diseases. 

Payer executives from hospitals and health systems across the country discussed how they're working to increase access to high-quality, cost-effective specialty testing to rein in costs during a roundtable at Becker's Spring 2024 Payer Issues event. 

Major themes examined during the conversation include:
  • The evolution of lab services
  • How shifting the site of testing can unlock economic savings
  • Managing patient and population health through data-driven decision support

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