cola labclarityNextLOGiK, a subsidiary of COLA , Columbia, Md, will introduce LabClarity, its new web-based learning tool, at COLA’s upcoming Educational Symposium.

LabClarity provides insight for lab managers and/or owners, helping them explore ways to maintain or improve the business of their laboratory testing activities.

Cost-benefit ratios must be evaluated in order for small to mid-size medical practitioners to provide onsite lab testing. LabClarity is a cost-analysis tool to help these practitioners better understand the cost effect of conducting near-patient testing in their lab.

Medical practices will quickly gain a perspective on their business that typically is reserved for larger lab testing operations, according to the company.

The COLA symposium wil be held from May 15 to 18 in San Diego. Click here for more information and to register.

LabClarity helps practices assess their composite costs in providing a varying array of lab tests by evaluating differing scenarios of procedure methodology, personnel utilization, and reimbursement. The goal is to assist small to mid-size practices in planning new procedure/testing implementation by providing profit/loss information for their lab activities so that they can begin to provide, or continue providing, near-patient testing in a cost efficacious manner.

It is estimated that the information obtained from the clinical lab plays a pivotal role in 60% to 70% of medical determinations. Near-patient testing allows more immediate decisions to be made by the practitioner, and also allows face-to-face interaction to be made with the patient when explaining the lab test results. These factors have been shown to increase patient compliance with a therapeutic regimen.

Rapid availability of lab test results also enables more efficient use of practitioner time and leads to a reduction in errors and omissions. Overall patient satisfaction with the practitioner and the medical practice are enhanced when lab testing results are delivered to the patient in a timely fashion.

For more information, visit the website or e-mail [email protected] .

[Source: COLA]