Joint venture versus outreach: a financial analysis of case studies.
Medical centers across the country are facing cost challenges, and national commercial laboratories are experiencing financial declines that necessitate their capturing market share in any way possible. Many laboratories are turning to joint ventures or partnerships for financial relief. However, it often is in the best interest of the patient and the medical center to integrate laboratory services across the continuum of care. This article analyzes two hypothetical joint ventures involving a laboratory management agreement and full laboratory outsourcing.
Forsman
R W
RW
Mayo Collaborative Services, Inc., Rochester, Minnesota, USA.
D003159:Community-Institutional Relations / Q000191:economics; D003363:Cost Control; D006301:Health Services Needs and Demand; D006755:Hospital Shared Services / Q000191:economics*; D006759:Hospital-Physician Joint Ventures / Q000191:economics; D007755:Laboratories, Hospital / Q000191:economics / Q000458:organization & administration*; D007902:Length of Stay; D009096:Multi-Institutional Systems / Q000191:economics / Q000458:organization & administration*; D019982:Organizational Case Studies; D020416:Outsourced Services / Q000191:economics*; D014481:United States