Managing Expenses for Reimbursement

Presented by Michael Baisch, BS

This presentation focuses on ascertaining the financial health of an assay by comparing the assay’s reimbursement to its cost by reviewing some of the more common costing models available and the pros and cons of each type. This presentation also discusses how to use this cost information to help set “budgets” for our assays, which allows us to also identify opportunities for improvement. Finally, not all assays may be viewed as financially healthy or profitable when viewed in isolation; this presentation discusses how to view that assay as part of the larger episode of care for the patient and how to assess the larger financial impact.

Learning Objectives

  • Identify the various costing models that are available
  • Demonstrate how to use the chosen costing model for financial health analysis and identifying cost improvement opportunities
  • Relate the financial health of an assay to accuracy, timeliness, and patient care

Continuing Education

  • 1.0 Contact Hour

Body of Knowledge Learning Domains

  • Strategic Planning and Marketing
  • Finance Management

Content Level

  • Essential


  • Included for Professional Members
  • $29 for Emeritus Members
  • $49 for Non-Members

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