Independent

1. Faster Diagnosis and Treatment- Having the capability to do laboratory tests in the same location as the medical visit and having the results available right away enables the practice to diagnose or keep track of a patient’s in a timely manner
2. Enhanced Patient Experience- When a patient is able to receive a diagnosis during a visit or shortly after, it creates a lasting impression of your practice, resulting in increase life time value.
3. Retain More Revenue- By conducting lab tests in-house, your practice can maximize its profits by retaining more of its precious revenue. In-house lab testing eliminates the need for external sample sending, resulting in faster turnaround times and higher patient satisfaction, all of which contribute to increased profitability.
4. Faster adjustments to treatment- By providing lab results at the point of care, physicians can make treatment decisions quickly and efficiently, enabling them to adjust medication regimens to prevent further deterioration of the patient’s health. This ensures the best possible patient care and can help reduce the need for hospital visits and emergency room visits.
5. Improves Quality Assurance- Quality Assurance is greatly improved when all testing is conducted in-house. This eliminates the possibility of any sample mix-ups from other patients, and greatly reduces the risk of providing an inaccurate diagnosis.

Furthermore, with improved access to services, businesses can take advantage of complementary features that contribute to growth. All these factors add up to a win-win situation that yields high returns on investments.

So what does it take to start a physician office lab?:

Step 1: Learn about the Local Regulations
Before opening a physician office lab, you must familiarize yourself with the local laws related to such labs. You may need to contact your state or local health department for specific regulations related to laboratory services.

Step 2: Invest in Equipment
This is clearly one of the most important steps when it comes to setting up a physician office lab. You will need an assortment of specialized equipment like centrifuges, microscopes, thermometers, etc., consistent with what any medical laboratory requires. Depending on your practice type and focus area, you may want additional and/or different types of equipment as well. MarinaBioLab is a reliable source to find all your equipment needs

Step 3: Hire Competent Staff
Staff are integral to providing reliable service in any laboratory. They must be familiar with handling medical samples safely and accurately entering patient information into databases to meet HIPAA regulations. Depending on budget and space restrictions, you can opt for full-time or part-time staff with flexible hours to ensure you have qualified personnel available at all times.

In conclusion, having your own physician office lab can be a valuable asset with tremendous advantages to any physician or healthcare provider. By following the simple steps outlined above and investing thoughtfully initially, you could soon enjoy the benefits of having your own physician office lab.

If you would like a team of highly qualified experts to work with you to open a physician office lab and reap the endless benefits, check out https://marinabiolab.com/start-a-laboratory/ and let us take you to victory.