What makes a Path lab lucrative?

[time to move on]

Can anyone recommend any websites/books/resources/people to learn about the finance/bussiness side of Path labs.
Appreciate it!

---

Members don't see this ad.

 

[darknecrosforte]

"Let's educate people on how to encroach on our market share so we can put ourselves out of business over time"

-Said no worthwhile entrepreneurial pathologist

 

[Pathbusiness]

Ask a specific question and we will try to answer.

 

[Torsed]

One word to your question that I've seen:

FRAUD.

 

[WEBB PINKERTON]

Torsed nailed in on the head.

I think it was Jane Pine Wood who once gave a talk about the lab industry entitled "How to survive when everyone else is cheating".

 

[yaah]

Medicine is absolutely chock full of loopholes and practices that allow the devious, underhanded, unethical and profit-seeking to do well. They do not always do well, but they often do. They cherry-pick patient populations, they maximize high-revenue patient populations or procedures. If you open a small window, someone will drive a truck through it. This is in part because you can typically only prove fraud in the aggregate, not in individual cases. Individual cases can always be justified. If you order 6 immunos on every lung tumor biopsy, that isn't justified. But if you pick any one case out of there, it is easy to justify. If a urology practice biopsies 50% more patients than a comparable practice, that isn't justified. But if you pick out any individual excessive biopsy case, you can find a reason to justify it. If you order UroVysion FISH on every urine, that isn't justified. But every individual case can probably have some justification.