Hospital-based ‘outreach’ laboratories are under increasing financial pressure due to escalating costs, falling reimbursements, and growing competition. As a result, there’s little margin for error when it comes to financial management. Enter business intelligence (BI) tools, which can help analyze the past, interpret the present, and forecast the future, including identifying and addressing vulnerabilities before profitability is affected. BI can help you attain—and maintain—billing, collections, test profitability, and client compliance at optimal levels. The software enables timely reporting, analysis, and presentation of multiple fiscal metrics, providing information that’s critical in today’s healthcare environment. BI software gives you the flexibility to analyze and compar

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