Martha Jefferson Hospital Saves $396,000 in Laboratory Costs Using HMC Benchmarks

Martha Jefferson Hospital achieves its goal to improve benchmark position while improving quality by tackling four key areas of Laboratory costs.
Jeff Willy, Manager, Anatomic Pathology Laboratory explains how HMC tools were used to achieve this success
	The Martha Jefferson team targeted these four cost areas: Purchased Services Charge Capture Supplies Salary Cost
	The cost saving strategies in these four areas were: Renegotiating the reference lab contract Inventory reduction Renegotiating the chemistry reagent contract Overtime reduction Bringing Homocysteine tests in-house Adding to revenue by finding $79,600 in charge capture.
	Detailed information about the above strategies, and others MJH used to achieve this success (including MJH's in-house presentation), are available to HMC Partners at HMCCentral.com

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Martha Jefferson Hospital Saves $396,000 in Laboratory Costs Using HMC Benchmarks

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