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Reimbursement pressure has forced laboratories to focus on cost-cutting and operations efficiency to lower cost per test.

Staffing productivity is a key assessment needed for continued expense control and efficiency. NMG will work with you to effectively manage labor costs, in a single department or throughout the lab. Our productivity consultants have extensive experience nationwide and know the characteristics and demands of each region and market.

An NMG Productivity Management consultation will include a staffing assessment followed by benchmarking methodologies relating to work volume and operations – resulting in an improved patient and staff satisfaction while helping you meet your financial goals of improved processes and productivity hours per unit of service.

NMG can analyze a laboratory organization’s data, compare metrics to similar organizations, and provide an overview of standing against peer institutions. In analyzing cost-saving opportunities, NMG assesses:

  • Overall cost per test
  • Cost per test by expense
  • Staffing productivity by department and laboratory complexity

NMG also analyzes lab organization’s productivity utilizing several measures including:

  • NMG-Developed Proprietary Benchmark of Tests per Paid Hour
  • Commonly utilized laboratory standard, Action OI metric, Hours per Unit of Service.

With this review, NMG can determine your lab standing and make recommendations for how to improve productivity, reduce costs, and improve overall laboratory service to patients and the community that you serve.

For all strategic options, NMG will take a tactical approach and review multiple potentially affected factors:

  • Future volumes
  • Current and future locations within the system network
  • Integration and consolidation opportunities
  • Equipment standardization opportunities
  • Employee engagement
  • Standard workflow and process improvement opportunities
  • Partnership opportunities
  • Health care reform
  • Regulatory requirements
  • Reimbursement changes (PAMA)
  • Information Technology requirements
  • Capital demands

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What people say

NMG performed a review of all lab locations and provided UCSF and BCHO with a strategic plan with 35+ identified opportunities which were focused on collaboration, cost savings and revenue enhancement.

NMG developed a strategic plan and a consolidated operating model for Wellforce that projected a cost savings of $10 million annually.

NMG developed a six year plan to integrate and consolidate testing across the network saving MSHS $7 million in salaries from existing run rate, and $12 million in salaries from budgeted FY17.

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NMG performed a review of all lab locations and provided UCSF and BCHO with a strategic plan with 35+ identified opportunities which were focused on collaboration, cost savings and revenue enhancement.

NMG developed a strategic plan and a consolidated operating model for Wellforce that projected a cost savings of $10 million annually.

NMG developed a six year plan to integrate and consolidate testing across the network saving MSHS $7 million in salaries from existing run rate, and $12 million in salaries from budgeted FY17.

Group-19-1
Group-5
Group-2-1