1. Declining Reimbursement in Clinical Labs
... $74 Billion industry challenged to adapt to ongoing changes being implemented due to healthcare reform. The laboratory industry as a whole saw declines in overall revenue for the first time ever in 2013 (Jahnle, 2014). This decline has major implications effecting future laboratory operations. This can be attributed ... of people enrolling in the ACA. Macro trends for the clinical laboratory seen due to these enrollments are as follows: Lower reimbursement – 4.95% overall in 2013 1.75% cut in Medicare clinical laboratory fee schedule under ACA 2.00% budget sequestration cut 2.00% cut ...
- Word Count: 1096
- Approx Pages: 4
- Has Bibliography
- Grade Level: Undergraduate