About the Session

Healthcare costs are following an unsustainable trend, and traditional delivery models are exacerbating the problem. This session will address how Mayo Clinic’s Department of Laboratory Medicine and Pathology identified problems in its practice that were driving unnecessary costs and designed a strategy to set it on a sustainable path. Faculty will share how areas of inefficiency were identified, how hypotheses for change were documented, and how practice and claims data were used to validate hypotheses and quantify savings. They also will review how technology partnerships pushed change beyond the laboratory to the point of care and how the organization is using diagnostic data to steer population health and value-based contracting on a national scale. You will learn from real-world case studies that illustrate Mayo Clinic’s journey in a manner that is intuitive and applicable to your own organization’s practice and payment strategies.

Learning Objectives:

  • Discover how differentiated practice knowledge can be standardized, documented and quantifiably compared against alternative approaches.
  • Learn how to apply practice data and claims data to new methods of negotiating for the value of a service against competitors or in a capitated contract.