Latest / Becker’s Healthcare Podcast / Lab Stewardship as a Strategic Lever for Health Systems
Transcript
- 0:00Hi, everyone. This is Lucas Voss with Becker's
- 0:02Healthcare. Thanks so much for tuning in to
- 0:04the Becker's Healthcare podcast series. It's great to
- 0:07have you on. Today, we're talking about elevating
- 0:10lab operations, an important topic. And joining me
- 0:13for today's discussion, very excited to have them
- 0:16both on doctor Sanjay Nagendra, medical director, Center
- 0:19for Esoteric Testing and Atlantic Regional Laboratories at
- 0:22LabCorp,
- 0:23and Cameron Thomason, national vice president, acute care
- 0:26services and vision hospitals and health systems, also
- 0:30at LabCorp. Cameron and Sanjay, thank you for
- 0:32being here today. It's great to have you.
- 0:34Thank you.
- 0:35Thanks for having us. It's great to have
- 0:37you both. I do wanna kick off with
- 0:39introductions
- 0:40for those that might not know you yet.
- 0:43Doctor Nagendra, we'll start off with you.
- 0:45Sure. Thank you. I'm Sanjay Nagendra. I'm a
- 0:49hematopathologist,
- 0:50and I'm currently serving as medical director,
- 0:53at LabCorp Center for Esoteric Testing in Atlantic
- 0:56Regional Laboratories.
- 0:59And I,
- 1:00was one of the,
- 1:02helpful in in in one of the cofounders
- 1:04of lab our lab stewardship committee at LabCorp
- 1:07several years ago.
- 1:09Previously,
- 1:10before coming to LabCorp, I worked in the
- 1:12hospital setting, in large health systems in the
- 1:15Midwest and in the Northeast
- 1:17where I helped found,
- 1:18laboratory stewardship programs there
- 1:21and trying to use the momentum here at
- 1:23Aliso at LabCorp.
- 1:25It's great to have you. Cameron, over to
- 1:26you.
- 1:27Hi. Yes. Thanks. So Cameron Thomason.
- 1:30It's hard to believe when I say this
- 1:32out loud, but more than two decades of
- 1:35experience in health care,
- 1:37I began my career inside of health systems.
- 1:41I spent about fifteen years
- 1:43in hospitals and health systems, which really helped,
- 1:46build a foundation,
- 1:48around how financials and the economics and strategy
- 1:52really intertwine with clinical operations.
- 1:55I started in managed care contracting and financial
- 1:58analytics.
- 1:59And then at a community hospital, I served
- 2:01as the chief of staff for our CEO
- 2:04and quickly moved into
- 2:06a COO type role where I had all
- 2:08non nursing clinical areas,
- 2:1114 of our physician practices,
- 2:13community health and wellness,
- 2:15and that was really formative in my experience.
- 2:18So I tell all young folks, if you
- 2:20can spend time at a community hospital, do
- 2:22it because you wear a lot of hat.
- 2:24And I learned a lot about operations in
- 2:26the day to day running of a health
- 2:28system and how the financials really strategically
- 2:31align with clinical priorities.
- 2:34From there, we merged with a large system,
- 2:36and I got some experience in complexity
- 2:38at scale by leading lab and pathology for
- 2:41that large academic medical center and five additional,
- 2:45community hospitals.
- 2:46But today, I'm lucky enough to lead acute
- 2:48care services nationally with LabCorp.
- 2:51We focus on building and evolving strategic partnerships
- 2:54for health systems, really looking at hospital lab
- 2:57management and our value add programs
- 3:00through data driven analytic.
- 3:02And, you know, I try to stay deeply
- 3:04involved in health systems
- 3:06and the finance community. I'm lucky enough to
- 3:08have served as a past president of North
- 3:10Carolina
- 3:11Health Care Financial Management Association,
- 3:14and that really
- 3:15helps me to take the lens of value
- 3:17and stewardship,
- 3:19long term sustainability,
- 3:21and health care delivery.
- 3:23But, truly, what I really love about what
- 3:25I get to do is step back and
- 3:27look at the industry friction points
- 3:30and design practical solutions in partnership with our
- 3:33health systems
- 3:34to deliver better outcomes for our patients and
- 3:36providers.
- 3:37And that really, you know, it really, really
- 3:40aligns with our mission at LabCorp of improving
- 3:42health and improving lives, and that's what drives
- 3:44me every day. I'm happy to share a
- 3:46little bit with you guys today.
- 3:48Well, it's great to have you both on
- 3:50both, certainly a wealth of knowledge in the
- 3:52industry and and certainly for this conversation, which
- 3:54is very exciting, very exciting for me to
- 3:56have you have you both on for this.
- 3:58Doctor Degandra, I wanna start off with you.
- 4:00You touched a little bit on on your
- 4:02role in your introduction and and talked about
- 4:05lab stewardship, and I wanna
- 4:07start off with just the bare bones definition
- 4:09of that. Right? There's a lot of variety
- 4:12and meanings and context when it comes to
- 4:13lab stewardship.
- 4:15How do you define it today, and how
- 4:17has that concept evolved from your perspective?
- 4:21Great. Thanks for the question.
- 4:22So no. First, I'd like to start with
- 4:24a broad definition.
- 4:26And, you know, lab stewardship is, you know,
- 4:28a coordinated responsible management of laboratory resources, processes,
- 4:32and data.
- 4:33And the goals of it are really to,
- 4:36optimize patient care and ensure quality and to
- 4:39control costs as a secondary effect.
- 4:42The key elements in a laboratory stewardship program
- 4:45are appropriate
- 4:46laboratory test utilization,
- 4:49compliance with regulatory standards, and then with with
- 4:52the appropriate utilization, operational efficiency,
- 4:55having data driven decision making, and having ethical
- 4:59practices and sustainability.
- 5:02Now as as that is a really broad
- 5:03definition, we can go out and see how
- 5:05is it in a commercial laboratory such as
- 5:08LabCorp.
- 5:09What do we do here? Well, it is
- 5:11really about focusing on optimizing
- 5:14the test menu for clinically relevant assays. As
- 5:18you know,
- 5:19assays change over time, and so we they
- 5:21need to be updated. Some need to be
- 5:23discontinued.
- 5:24So avoiding unnecessary
- 5:26or redundant test too. So having,
- 5:29basically, if if you have a similar test
- 5:31in in two panels, then try to combine
- 5:33it into one so you don't say the
- 5:35information twice.
- 5:36You educate clients and health care providers on
- 5:39the available test offerings. What are these of
- 5:42there's so many tests available these days
- 5:44that it's very hard for the clinicians to
- 5:46keep up. So we're responsible for really educating
- 5:49the clients and health care providers
- 5:51on what are the available tests and what
- 5:53are their indications.
- 5:55And finally, I think that lab stewardship as
- 5:57a secondary effect
- 5:59is that although you have evidence based medicine
- 6:01and we try that, a secondary effect of
- 6:04that then is is is really,
- 6:06you know, having
- 6:08balancing profit profitability with that. Everybody thinks that,
- 6:11you know, lab stewardship is bad because it
- 6:13does, it it affects profitability,
- 6:16but that's not necessarily true because you're really
- 6:18fine tuning on on tests. And there's some
- 6:20tests
- 6:21that are overutilized, and there's some tests that
- 6:24are underutilized. And so it's really a balance
- 6:26between the two.
- 6:28In the hospital setting,
- 6:30its scope and definition is is is also
- 6:33a little different. It's really integrating laboratory into
- 6:36patient peer pathways
- 6:38and collaborating with clinicians for necessary online test
- 6:42ordering.
- 6:43And so we wanna standardize I mean,
- 6:46not everything in medicine can be standardized, but
- 6:48we can certainly standardize things for diagnosis
- 6:51and provide education about prevention of over overutilization
- 6:55of tests.
- 6:56But that's very important. But there's also the
- 6:58underutilization
- 6:59of test. Test that they should have ordered,
- 7:01but they didn't. So that's also part of
- 7:03lab stewardship in the hospital setting.
- 7:06Now many hospital,
- 7:09providers are aware
- 7:10of the antimicrobial
- 7:12stewardship committees that are there, and that that
- 7:14is one of the first areas of lab
- 7:16stewardship that have been used. And and that
- 7:19and we've been using data for that. So,
- 7:21you know, it starts with that, but it
- 7:23expands much further,
- 7:26into all the laboratory tests.
- 7:28It's management of limited budgets and staff,
- 7:31ensuring rapid turn time of critical results. So
- 7:34if you're not if you're doing the tests
- 7:36that are not important, clinically important, then it
- 7:38might be costing you,
- 7:40turnaround time for the tests that need to
- 7:42be performed. So it makes it it it's
- 7:44a really balance of trying to understand that.
- 7:47So
- 7:48understanding that then, you know, how has the
- 7:51concept evolved? And I'm I'm gonna talk specifically
- 7:53in the hospital setting that prior to the
- 7:56pandemic,
- 7:56you know, there was a shift from you
- 7:58know, really at that time, we were doing
- 7:59basic utilization review. And now we've more shifted
- 8:02to comprehensive
- 8:03multidisciplinary
- 8:05programs.
- 8:06And many hospitals have integrated diagnostic stewardship
- 8:10with real time analytics and clinical collaboration. So
- 8:13that's really important. And, you know, instead of
- 8:16talking solely on cost and cost build focus
- 8:19committees,
- 8:20government structures government structures are now looking at
- 8:22evidence based ordering and patient outcomes. And that's
- 8:25really what's really important.
- 8:27And I think COVID nineteen really accelerated this.
- 8:30And, and and really a current focus right
- 8:32now,
- 8:33with this AI revolution, everything is looking at
- 8:36informatics for utilization monitoring, artificial intelligence,
- 8:40and decision rules in clinical workflows and sustainability
- 8:43initiatives.
- 8:45So an overarching goal here as we approach
- 8:472026 for lab stewardship
- 8:50is to think of it as a proactive
- 8:52system wide approach to
- 8:54improving care quality,
- 8:56reducing waste, and supporting
- 8:58many endeavors such as population health.
- 9:02Certainly something that affects
- 9:04a lot of different pieces. Right? As you've
- 9:06just mentioned, it touches a lot of different
- 9:08parts of of operations itself. And and, Cameron,
- 9:11I'd love to piggyback off of something that
- 9:13doctor Nganndra just said, right, which is the
- 9:15optimization
- 9:16piece of this.
- 9:17We talk a lot about cost pressures in
- 9:19health care, unfortunately.
- 9:21There was recent reporting that non labor expenses
- 9:24rose about 5.7%,
- 9:26so almost 6% year over year. And I'd
- 9:28love to ask you from your perspective too
- 9:30with your operations background as well.
- 9:33Why are hospitals now looking at lab stewardship
- 9:37as a lever for cost control?
- 9:40Yeah. It's a it's a great question. I
- 9:42mean, no doubt health health system has faced
- 9:45pressures to do more with fewer resources.
- 9:48You know, tighter margin, lower reimbursement,
- 9:51rising clinical complexity,
- 9:53cost of capital increasing.
- 9:55So financial
- 9:57sustainability
- 9:59while improving care
- 10:01really becomes that lever that every health system
- 10:03is trying to achieve.
- 10:05And I think the unique thing about lab
- 10:08stewardship is it aims to do both of
- 10:10those things.
- 10:12I think it's important to understand that lab
- 10:15stewardship lab stewardship committees create value far beyond
- 10:19the incremental cost savings from reducing overuse or
- 10:22inappropriate testing as doctor Nagendra
- 10:25mentioned. There's a direct impact on quality,
- 10:29safety, and clinical outcomes.
- 10:31So if health system leaders can focus on
- 10:33a lever
- 10:34that helps them control cost but also improves
- 10:37quality and safety, it's hard to argue with
- 10:40that strategy.
- 10:41Right? So optimization in the laboratory alone
- 10:45isn't gonna do it. So a stewardship program,
- 10:47as doctor Nagendra mentioned,
- 10:49also includes having an informed and aligned provider
- 10:53community so that they're making the appropriate
- 10:55diagnostic stewardship decisions
- 10:58at the point of care. And I think
- 11:00a common misconception
- 11:02is that lab stewardship lives inside the lab.
- 11:05It doesn't really live inside the lab. The
- 11:07reality is is it's a cross functional
- 11:10enterprise approach.
- 11:12The lab serves as the steward of the
- 11:14data,
- 11:14the standards, and the insight,
- 11:16but
- 11:17cross functional teams are how those programs
- 11:21become embedded in the operation.
- 11:23You know, alignment with clinical,
- 11:26guidelines like choosing wisely and other areas allow
- 11:30physicians to, you know, really get behind a
- 11:33stewardship
- 11:34program.
- 11:35An effective clinical decision support,
- 11:38can guide best choices without adding friction to
- 11:41provider workflows.
- 11:43You know, a high performing program
- 11:46not only
- 11:47looks for opportunities and communicates them, but tracks
- 11:51the outcomes beyond cost.
- 11:53And then, you know, as the organization
- 11:56sees those wins and sees the impact
- 11:59on
- 12:00improved outcomes and safety,
- 12:02you know, there becomes a buy in.
- 12:05Data's gotta be accessible and trusted and actionable.
- 12:09But when a fully integrated stewardship program becomes
- 12:12a lever for safer, higher quality care and
- 12:15that also lowers cost, then, you know, the
- 12:18health system can really make an impact in
- 12:20all areas. And I think it's easier for
- 12:22leadership
- 12:23to get physicians in other areas of the
- 12:26organization behind the effort.
- 12:28Yeah. And I know we'll talk about leadership
- 12:30here in a little bit too. But, doctor
- 12:32Nagendra, I wanted to come back to something
- 12:33that you touched on when you talked a
- 12:35little bit of how this has evolved. Right?
- 12:36You talked about data. You talked about AI.
- 12:38Those are certainly things that will impact the
- 12:40future here in 2026 and also beyond. And
- 12:43and we know that roughly about 70% of
- 12:46of clinical decisions are are driven by lab
- 12:48data.
- 12:49And I'd love to know from your perspective,
- 12:51what are some of those tools you think
- 12:53health systems
- 12:54most need right now to reach the highest
- 12:57levels of lab stewardship that they're aiming for
- 12:59and and really also support,
- 13:02can better community health? What are some of
- 13:04those some of those things that you think
- 13:06about here for the future?
- 13:08Well, there are four key areas that come
- 13:10to mind.
- 13:11The first is advanced analytics and decision support.
- 13:16You know, there's real time utilization of dashboards
- 13:19to understand,
- 13:20test patterns.
- 13:21Test matters not only overall, but by by
- 13:24provider too because every provider may have,
- 13:28you know, had a background, a different background
- 13:30on how to use test to to understand
- 13:32that.
- 13:34And then these dashboards can also include other
- 13:36things like turnaround times and cost metrics.
- 13:39The other item is a clinical decision support
- 13:42system, and these are becoming more and more
- 13:44widely used.
- 13:45For example, LabCorp has a,
- 13:48clinical decision support known as diagnostic assistant.
- 13:52And these types of things are integrated into
- 13:55the electronic health record to provide additional insight
- 13:58into diagnostic results from outside the health system.
- 14:01So, for example, it'll it'll suggest,
- 14:04appropriate tests, flag redundant orders,
- 14:07all the point of patient care,
- 14:10you know, you know, to the point of
- 14:11patient care to providers, you know, in their
- 14:14in their normal workflow. So it doesn't interfere
- 14:16with workflow, but it it's an aid to
- 14:18make sure when busy providers are using it
- 14:21to make sure that they order the right
- 14:22test.
- 14:23We also, in the advanced analytics, is predictive
- 14:26analytics and using lab data to identify high
- 14:29risk patients. For example,
- 14:31now we have predictive models, and
- 14:34and and we can look by types of
- 14:36lab abnormalities to say, are they have an
- 14:39increased risk of sepsis or chronic disease for
- 14:42protection? Do we need to do other,
- 14:45safeguards for these patients? So these are, not
- 14:48only good for lab stewardship but also for
- 14:50patient safety.
- 14:52Secondly,
- 14:53we have,
- 14:55how we can integrate data, and it's usually
- 14:58you using unified data platforms,
- 15:01combining lab results with imaging, pharmacy, and social
- 15:04determinants of health. For example, there is,
- 15:08there are some laboratory tests that can tell
- 15:11you rapidly whether you have a certain type
- 15:14of illness,
- 15:15but it unlike,
- 15:17a, infectious disease. But at the same time,
- 15:21it it's of no use unless you integrate
- 15:24it with pharmacy.
- 15:25And so if the pharmacist
- 15:27can provide,
- 15:29quick,
- 15:30antibiotics,
- 15:31then it's helpful. So that's why you using
- 15:33unified data platforms is very important.
- 15:37The other thing is population health. And so,
- 15:39lab stewardship can be used, and we and
- 15:41LabCorp has a tool called insight analytics
- 15:44for population health. And it really what it
- 15:45does is aggregate lab data across communities for
- 15:48disease tracking. So you can look at it
- 15:51and you can see where, for example, hemoglobin
- 15:54a one c for diabetes,
- 15:56care. Where is it underutilized?
- 15:58What ZIP code is it? Where can we,
- 16:01look and see to try try to get
- 16:04more care to those ZIP codes? And so
- 16:06it's a underutilization
- 16:08also tool,
- 16:09that you could do for population help.
- 16:11The third ad is a patient engagement and
- 16:14transparency.
- 16:15And and it's really not only educating the
- 16:17clinician, but also educating the patient.
- 16:20So the patient facing portals and and patients
- 16:23now act how access quick access to all
- 16:25their laboratory data, but it's important for them
- 16:28to understand it. And so I think it's
- 16:30important for for the portals to have clear
- 16:33lab result interpretation
- 16:36and education.
- 16:37Many patients will ask their providers, can you
- 16:41get me this test? Give me that test.
- 16:42But it may and then there's pressure for
- 16:44the clinicians to order those tests. So educating
- 16:47the client to the patient
- 16:49too that this is not,
- 16:51necessary,
- 16:52or what is necessary or not in a
- 16:54in a very basic way can be helpful.
- 16:57Community outreach dashboards also,
- 17:00in aggregated health trends,
- 17:02is also important for patient engagement,
- 17:05especially with the public health agencies for targeted
- 17:08interventions, and that goes along with the population
- 17:10health.
- 17:12And finally, we talk about
- 17:14AI powered diagnostic pathways.
- 17:17And and everybody's talked about artificial intelligence now,
- 17:20but algorithm driven test selection is really important
- 17:23because
- 17:24we can look at clusters of tests and
- 17:26say, why don't you order this test or
- 17:28that test based upon that? And that can
- 17:30be much more cost effective than ordering, like,
- 17:33a 100 different tests at at one time.
- 17:35It'll tell you based upon evidence based medicine
- 17:38what types of tests to order.
- 17:40And these things are come becoming more and
- 17:42more popular
- 17:44and will continue to increase and drive, lab
- 17:47stewardship in the hospital settings.
- 17:50Yeah. Once again, we talk about that multilevel
- 17:52impact. That was certainly a a a breakdown
- 17:54as to where all of this has impact
- 17:57and who is involved. And who is involved
- 17:58is a a great transition as well for
- 18:00for me too, Cameron. I'd love to come
- 18:02back to the leadership piece that we touched
- 18:04on earlier a little bit. Right? You mentioned
- 18:06the the buy in piece and how important
- 18:07it is to have conversations about the impact
- 18:09that this can have.
- 18:11How could leaders initiate a strong lab stewardship
- 18:14program,
- 18:15that is also aligned with
- 18:17their strategic goals right for the health system
- 18:19overall? What are some of those factors that
- 18:21are key there?
- 18:23Yeah. In in my experience,
- 18:25to create a strong stewardship program
- 18:28that stays long term
- 18:30aligned with the strategy of the health system,
- 18:32there's five key component.
- 18:35Executive support,
- 18:36governance,
- 18:37participation,
- 18:38data, and communication.
- 18:41A successful stewardship program is gonna begin with
- 18:44visible
- 18:45executive sponsorship
- 18:47and clear enterprise alignment. It has to be
- 18:50promoted from the top.
- 18:52The stewardship must be positioned as a health
- 18:55system priority, not a lab only initiative.
- 18:58Without that, it's gonna be fragmented
- 19:01rather than embedded in the care delivery process.
- 19:05Next, high performing programs are built into a
- 19:07formal governance structure. So we build a governance
- 19:10structure around a lab stewardship
- 19:13committee. They're not run as ad hoc projects,
- 19:16but they have a clear charter that defines
- 19:18the purpose, the scope, the decision rights,
- 19:22what the success metrics are, a cadence of
- 19:25meetings, all those things that give you that
- 19:27North Star to guide the work over time.
- 19:30The third is participation.
- 19:32So as we've said a couple of times,
- 19:34this is multidisciplinary,
- 19:36cross departmental.
- 19:38You've got to have buy in and participation
- 19:41from physician leaders,
- 19:42physician champions,
- 19:44nursing,
- 19:46pharmacy,
- 19:47IT,
- 19:48quality and regulatory,
- 19:50and operations,
- 19:51all coming to the table as equal value
- 19:54partners to the stewardship program.
- 19:57It's a maturity journey. It's progressing, you know,
- 20:00from awareness to education to standardization
- 20:03and continuous optimization.
- 20:06But at the heart is the data and
- 20:07analytics.
- 20:09The value comes from having accessible,
- 20:12trusted, near real time data. The way we
- 20:15do that is through our vision analytics platform.
- 20:18We really wanna have easy access to utilization
- 20:22patterns, variations,
- 20:24evidence based opportunities, those sorts of things.
- 20:28Because we want that data to be easily
- 20:30accessed
- 20:31so that the time is spent on finding
- 20:34the opportunities,
- 20:35prioritizing
- 20:36engagement,
- 20:37what that change management behavior needs to be
- 20:39rather than data extraction.
- 20:41And then on the back end, the same
- 20:43thing. We should be able to track improvements
- 20:46for not only cost savings, but behavior changes,
- 20:49quality and safety, timeliness of care, and the
- 20:52outcomes associated with the opportunity.
- 20:55And then
- 20:56consistently
- 20:57communicating, this is where the communication comes in.
- 20:59You have to communicate those wins
- 21:01across the organization
- 21:03to accelerate engagement.
- 21:05You know, quick wins build momentum, and lab
- 21:08stewardship's no different. When it's aligned with the
- 21:11strategy,
- 21:12governed well, data enabled, and clinically led,
- 21:16it can become a part of that operating
- 21:18rhythm and the culture of the health system.
- 21:20And in that model, the lab serves as
- 21:23the trusted partner for the clinicians
- 21:26and delivers that safer, higher quality care that
- 21:29comes at a more sustainable lower cost.
- 21:32So if those five components exist,
- 21:35that lab stewardship program can be long term
- 21:37aligned with strategy and becomes a part of
- 21:40how you deliver care, not an ad hoc
- 21:43extra thing that the organization is doing.
- 21:46Well, Cameron and doctor Negre, I I appreciate
- 21:49you both taking some time, wealth of knowledge,
- 21:51from both of you here. What what a
- 21:53great episode. I do wanna turn the floor
- 21:55over to you, with any final thoughts that
- 21:57you might have for our audience here.
- 21:59Just anything that we haven't touched on that
- 22:01might be important for you to mention, doctor.
- 22:02Again, we'll we'll start off with you.
- 22:05Sure. Thank you. So I just wanted to
- 22:07highlight just real quickly on our labs towards
- 22:09the program at, LabCorp Diagnostics.
- 22:12And,
- 22:13you know, we,
- 22:14have, in the last several years, created a
- 22:17multidisciplinary
- 22:18team,
- 22:19which included executive leadership, physicians, scientists, administrators
- 22:24to discuss LabCorp's test menu and opportunities for,
- 22:27directory improvement. And that could
- 22:30be either in discontinuing an obsolete test
- 22:33or,
- 22:35and or a test that has low clinical
- 22:37utility.
- 22:38For example, in the last several years, we've
- 22:41discontinued
- 22:41tests such as red cell folate,
- 22:45and a peripheral smear review by pathologist,
- 22:47and and many other tests as well based
- 22:50upon national guidelines.
- 22:53We're also working on panel and algorithmic type
- 22:56testing. We have many,
- 22:58many tests that have panels and and work
- 23:01on cascades
- 23:03and to ensure clinical clinicians order the right
- 23:06test.
- 23:07For example,
- 23:08many many clinicians, unfortunately, don't order, the right
- 23:11test for iron deficiency
- 23:13anemia
- 23:14or b twelve. And so we've developed cascades
- 23:17so they don't have to worry about that.
- 23:19And we just can they can go through
- 23:20the, and the cascade goes through, and it
- 23:22will order a test if needed.
- 23:25And as a lab stewardship,
- 23:27concern, if if there were if there was,
- 23:30a test that's not needed, it wouldn't be
- 23:32done.
- 23:33And finally, we continue to educate clinicians on
- 23:36the changes,
- 23:38through webinars,
- 23:39web pages, white papers,
- 23:42and talking to hundreds of clinicians,
- 23:45yearly
- 23:46on, on the changes that we have on
- 23:48a one on one basis. So we're doing
- 23:50a lot here at LabCorp Diagnostics with lab
- 23:52stewardship.
- 23:54Cameron, over to you. Anything else that you
- 23:55might wanna add here?
- 23:57Sure. Just quickly, I you know, I'm in
- 23:59the business of building partnerships. So maybe a
- 24:01couple of thoughts on what to look for
- 24:03in a partner if you're looking to partner
- 24:05for stewardship.
- 24:06And I really think it the most important
- 24:08takeaway is credibility anchored in experience and execution.
- 24:12You know, you want a trusted adviser
- 24:15who brings a purpose built approach that's done
- 24:17designed specifically for your health system.
- 24:20Embedded analytics, as I mentioned before, that can
- 24:22translate into action and performance improvement
- 24:26and really demonstrated
- 24:28sustainable
- 24:29performance across a long term relationship, not just
- 24:32isolated wins. And that's really the philosophy we
- 24:34bring to our health systems. We've really been
- 24:37working along health systems for more than two
- 24:39decades and now have the privilege of managing
- 24:41over 200 hospital laboratories nationwide.
- 24:44And what I really think makes that powerful
- 24:46is not scale for its own sake, but
- 24:48the continuous learning and refining operational playbooks and
- 24:52sharing those insights
- 24:53across our network. We think of that as,
- 24:55like, this ecosystem of shared learning where collaboration
- 24:59accelerates best practices
- 25:01and helps all of us be better together.
- 25:03And I think that's really what a partnership
- 25:05should look like and how to run an
- 25:07effective stewardship program. And when that's anchored in
- 25:10a shared mission and culture,
- 25:12the strategic partnership becomes more than a program.
- 25:14It's a long term partnership focused on delivering
- 25:18high quality care and the best possible outcomes
- 25:20for patients and communities, and that's really what
- 25:23I think we're all looking to do together.
- 25:26Well, it's certainly great, to have you both
- 25:28on. Again, thank you so much for taking
- 25:29some time for us here today. It's fantastic
- 25:31to have you on, doctor Nagendra and Cameron.
- 25:33And we also want to thank our podcast
- 25:35sponsor, LabCorp.
- 25:36You can tune in to more podcasts from
- 25:38Becker's Healthcare by visiting our podcast page at
- 25:40beckershospitalreview.com.