October 4, 2017

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Uncertain times call for vendor certainty

August 1, 2017

 

The current landscape of medical care in America is at best in flex and at worst at a tipping point.  The future of ACA or it’s replacement is uncertain, which means it is hard to forecast what reimbursements or costs are going to affect diagnostic facilities.  The taxes that fund the current medical programs are being targeted as well.  Simply put;

 

“What the ACA does:  Obamacare, as it is known, imposed a number of taxes to help fund health-insurance subsidies. These include a tax on health insurers, a so-called Cadillac tax on generous employer health plans (which has been delayed), a medical-device tax and a tax on individuals who earn more than $200,000 a year.

 

What the House bill would have done:  The majority of the ACA’s taxes would be repealed, amounting to more than $590 billion in tax cuts over the next 10 years. The bill does retain the much-debated Cadillac tax, but delays its implementation until 2026.

What the Senate bill would have done:  The bill retains several of the ACA’s taxes, including a 3.8% tax on investment income and a 0.9% tax on wealthy individuals. The Cadillac tax would be retained but wouldn’t go into effect until 2026. It would knock down the ACA’s other taxes, including taxes on indoor tanning, repeal limits on contributions to flexible-spending accounts and health-insurance premiums. The tax on medical devices would also be repealed.”[1]

 

So, what does this all mean to the diagnostic industry?  “Across the nation, clinical laboratories and anatomic pathologists face two common challenges. One is shrinking lab budgets and less payment for lab tests. The other is the need to maintain physician and patient services at a high level.”[2]  In chaotic environments, often the best practice is to standardize costs wherever possible to make accurate projections and aid strategic planning.  Vendors and suppliers should be able to minimize cost fluctuations and increase customer satisfaction through service standardization and best practices

 

As a transportation vendor, standardization comes in the form of optimization and service protocols.  Optimization, in this sense, is the building of a network specifically tailored to the client’s needs that allows for changes in volume without cost overruns.  Service protocols include data analytics, guaranteed delivery time windows, and high standards for drivers.  These items together will reduce costs and increases customer satisfaction, helping to mitigate outside influences.

 

References

Jude. (2017, July 31). Dark Daily. Retrieved from Lab-Specific CRM Helps   Innovative Clinical Laboratories and Pathology Groups to Intelligently Cut Costs while Boosting Service to Physicians, Patients: https://www.darkdaily.com/lab-specific-crm-helps-innovative-clinical-laboratories-and-pathology-groups-to-intelligently-cut-costs-while-boosting-service-to-physicians-patients-731

 

Stephanie Armour, M. H. (2017, July 13). How the Senate Health Bill Compares to The House Bill, Obamacare. Retrieved from The Wall Street Journal: https://www.wsj.com/articles/how-the-senate-health-bill-compares-to-house-bill-obamacare-1499965411

 

 

 

[1] (Stephanie Armour, 2017)

 

[2] (Jude, 2017)

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