1. Declining Reimbursement in Clinical Labs
The laboratory industry as a whole saw declines in overall revenue for the first time ever in 2013 (Jahnle, 2014). ... 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 for Substance Growth Rate (SGR) formula fix 1.70% Consumer Price Index (CPI) adjustment -0.90% productivity adjustment (Jahnle, 2014) Areas of the clinical laboratory most impacted in both 2013 and 2014 were the pathology and molecular d...
- Word Count: 1096
- Approx Pages: 4
- Has Bibliography
- Grade Level: Undergraduate