In an effort to cut costs and increase revenue, many medical practices are re-evaluating their decisions concerning non-waived lab testing done on their premises. Non-waived testing incurs more expense and difficulty than waived tests, and the legal requirements are more extensive and exacting as well. However, the benefits can be worth it. Results can be obtained more quickly; it provides a level of convenience for patients and adds another source of revenue for the practice. The practice manager must choose which tests will best suit the practice and can use the following criteria when making their choice.
Needs of Patients â The ages of patients, whether large numbers of them are overweight versus, if they are primarily in good or fair or poor health will all determine which tests are ordered. The more of one type of tests needed the better a candidate to be offered.
Space available â The counter space and floor space needed for administering and evaluating the tests is another consideration. Some testing requires refrigeration, which can be an issue as well.
Personnel Requirements â What is the necessary training and certification for personnel who will be administering the tests and evaluating the results.
Costs versus Return â The cost of the necessary equipment and its maintenance, the cost of hiring and or training personnel and the resulting revenue are tangibles to consider. There are intangibles as well, having results quickly, avoiding the risk of test results not being received and noted and the good will gained by offering the tests to patients.
More info: Tips on non waived lab