The Solution: Look for Value
In lieu of leveraging a facility's EMR to illustrate clinical ROI, laboratories should focus on alternative ways of measuring the real value of the solutions they've implemented, says Edward Septimus, MD, FIDSA, FACP, FSHEA, clinical professor at Texas A&M College of Medicine. “I think before you implement, number one you have to do a really good job around educating [clinicians] about how to optimize and use the test as a value added." And second, Dr. Septimus recommends, “put in place some measurement of the impact of the test or the technology that you're implementing."
That measurement approach doesn't need to be complicated, but it should give executives what they want. “So when the C-suite asks, 'What am I getting for this?' you can give them real data on measures that your clinicians have agreed upon." When measuring, Dr. Septimus says, be sure to do so in a way that accurately reflects the value of your solution. “Let's say I implement test A, and [it] saves the organization $100,000 in year one. You may not get that same return on investment in year two or year three because you've optimized them within the first year." Many organizations make the mistake of not carrying over savings year after year, Dr. Septimus notes. “And then all of sudden your costs escalate when you let the foot off the pedal."
Dr. Broyles agrees and says it's also important to start with a strong baseline. “You have to know what you're comparing to. And so you need to be able to have a methodology where that baseline information is obtainable—or at least have a control group that you're comparing it to." Difficulties arise when laboratories don't clearly define what they want to measure, he adds. “Are you measuring days of therapy? Are you looking at length of stay? You have to define all those things as you go along."
The bottom line, Dr. Broyles says, is the C-suite isn't interested in “cost avoidance" because they've “been sold that song and dance so many times, it's hard for them to believe." What they do want are measurements that show the real costs—and the resulting value—of laboratory tests and procedures. “When you can show hard dollars, that's a lot easier for them to grasp."