INTEGRATE
Health System & Laboratory Integration Services
Whether you are a health system looking to purchase and manage your own laboratory or are a current laboratory owner seeking to work more closely within a health system, Colaborate has the skills and knowledge to help you not only plan for the integration but also coach you through the process.
Many intricacies come with any health system and laboratory integration. Organizational processes, practices, and dynamics must shift to ensure alignment between the lab and health system. While leadership may feel confident in their abilities, often a laboratory integration consultant is needed to confirm the lab is set up for success.
Laboratory Transactions
Since 2005, Colaborate has represented buyers and sellers and exploring the purchase or jettison of clinical lab ventures for commercial labs and large health system networks. Industry experts in laboratory mergers, acquisitions, divestitures and partnering services, Colaborate has been utilized by venture capital companies and corporations to perform due diligence on potential targets. These due diligence capabilities include third-party evaluations of the outlook, relative position, and value of potential candidates for acquisition, divestiture, or strategic alliance.
Our Approach
Colaborate will take a tactical approach and review multiple potentially affected factors:
- Future Volumes
- Current And Future Locations Within the System Network
- Integration And Consolidation Opportunities
- Equipment Standardization Opportunities
- Employee Engagement
- Standard Workflow and Process Improvement Opportunities
- Partnership Opportunities
- Health Care Reform
- Regulatory Requirements
- Reimbursement Changes (PAMA)
- Information Technology Requirements
- Capital Demands
More Services
Management Services Agreements
Recently, large health systems have explored the option of outsourcing the management of their laboratories via a Laboratory Management Agreement. Outsourcing can be an effective strategy for maintaining quality leadership. Our success comes from experience, flexibility and the ability to quickly bring about significant performance improvements.
Interim Leadership
Finding the right person to lead laboratory services for your facility can take time. Meanwhile, your organization needs quality leadership. At Colaborate our approach is to integrate ourselves into your organization. Colaborate offers its highly experienced consultants to temporarily fill interim roles in a number of areas:
- General Management – Executive leadership for one or more service lines
- Outreach Management
- Operations
- Sales Management
- Information Technology
- Finance and Accounting
Leadership Advisory
Colaborate also provides executive development mentorship and advisory support to newly placed Executive Directors as it relates to laboratory operations management, capital and budget planning and overall laboratory leadership development. These services might include:
- Guidance on regulatory and compliance industry practices.
- Hospital-wide cross-functional expertise and responsibilities
- Management and oversight
- Medical Directorship relationship management and protocols of quality program requirements (CAP, TJC, CMS, etc.)
- Processes for QA, QC, PT and other regulatory requirements
- Compliance requirements
- Hospital lab staffing requirements and considerations
- Employee engagement
- HR strategies related to employee engagement and morale
- Development of management reports
- Understanding of benchmarks and productivity expectations
- Training and evaluation related to lab budgeting and planning
Why Colaborate?
Colaborate offers 30+ years of knowledge and experience in the laboratory industry, and in addition to our integration services, we supply an array of other offerings such as CAP, CLIA, and COLA compliance. The deep analysis and insight we have gained through serving over 500 institutions across the nation allows our in-house business, technical, and advisory experts to efficiently navigate your lab and health system integration. Additionally, we provide:
- Subject Matter Experts – We have over 30 years of experience working specifically in the laboratory space. This allows to provide deep knowledge, expertise, and resources to our clients.
- Team Collaboration – We know that both large and small transactions involve many parties. We work closely with your team and any outside advisers who may be involved to make the process as smooth as possible.
- Due Diligence – We use our expertise and knowledge to perform due diligence audits. Our audits allow us to see potential risks and areas of opportunity.
- Advising, Recommendations and Strategy – We know there are many decisions to be made throughout the process. Our team will make recommendations that allow you to make decisions confidently. Whether it be expertise on equipment, workflow, staff, technology, pricing input, or anything in between, we can help.