Ballad Health has also reached a strategic collaboration with Labcorp, according to a Sept. 9 joint news release from the health system and company. Benefits of the agreement include:
- Enhanced access to affordable high-quality laboratory services for patients and employers
- Expanded access to Labcorp’s comprehensive testing menu
- Implementation of advanced digital tools for improved patient experience
- Access to Labcorp’s broad network of patient service centers
Ballad Health will continue to operate its inpatient and emergency department laboratory, as well as lab services for hospital-based practices, such as oncology.
Alan Levine, Ballad Health’s chairman and CEO, said Labcorp’s scale and investment in technology enable the company to “provide world-class service to patients more efficiently.”
“Combining their resources with those of Ballad Health will benefit patients and purchasers of healthcare in our region through improved and more cost-effective operations,” Mr. Levine said in the release.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.