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The laboratory services industry is expansive and continually evolving due to competitive pressures and regulatory changes every year. Lab providers face a myriad of challenges whether they are driven by pricing pressure from payors and scaled providers, industry consolidation, or EKRA.
Valuation & Transactions
The lab sector includes the need for fair market value opinions related to agreements, such as medical directorships, management, purchased services and marketing arrangements. VMG Health’s professionals have the breadth and depth of experience to meet these valuation needs along with any business and financial reporting requirement related to creating a joint venture or selling a lab business.
Strategy & Advisory
Understanding the laboratory services market and various strategies is an important part of any health system’s planning. VMG Health is able to estimate market demand, consult on joint venture opportunities and help assess whether a health system should outsource this service. Allow VMG Health to help you navigate the lab space with objective and informed analyses.
Coding & Compliance
Regulatory compliance issues in laboratory and pathology services include procedure and diagnosis coding, medical necessity, and technical and professional billing rules. VMG Health has the experts to walk your team through coding and compliance requirements. Further, VMG Health is able to provide ongoing training as reimbursement and coding changes arise.
Trending Strategic Needs for Laboratories
Lab Marketing Services Agreements FMV (EKRA)
A high level overview of lab marketing services agreements under the new law, Eliminating Kickbacks in Recovery Act of 2018...Learn More