The massive volume of orders and results that pass through a medical laboratory make it a valuable place to identify and eliminate waste — by flagging outdated tests, for example, or by pinpointing tests which were not appropriate for the situation. With a recent survey indicating that three out of four physicians believe unnecessary testing to be a major problem in health care, overutilization may be the most pressing issue in the lab space.
DOTmed News interviews Viewics Co-Founder Tim Kuruvilla about key tips for hospital leaders on the impact of labs to patient care and the bottom line.
It is widely accepted that up to 70 percent of clinical decisions are based on results of lab tests. Yet medical laboratories account for a relatively small fraction of healthcare costs. This incongruity raises an important question for healthcare organizations: How can the financial value of labs be made more commensurate with their clinical value?
Viewics, Inc. CEO Dhiren Bhatia To Present At First Annual G2 Lab Revolution Conference Presentation to Provide Insights into Using Analytics to Unlock Power of Healthcare Lab Data Sunnyvale, CA (March 2, 2015) Viewics, a leading healthcare analytics and data platform, today announced that Dhiren Bhatia, CEO, will present “The Big Deal with Big Data: […]
Medical laboratories already drive more than 70% of clinical decisions, but they should be driving more decisions across the healthcare ecosystem. Having more touch points with patients than any other unit or function in health care, labs are positioned to play an integral role in determining personalized interventions for individual patients. Lab data, aggregated and actionable, should also be used more broadly: by public health officials, by insurance companies, and by hospitals seeking insights about potential risk factors and improved population health.