Leading Laboratory Strategy
Learn More
How Corporations are Responding to the COVID-19 Crisis
Learn More
COVID-19 Strategy Considerations for Laboratories
Learn More
Solutions We Provide
Strategic planning
Management Services
Outreach
Benchmarking
Cost Savings
Revenue Cycle Management
Operations & Performance Improvement
Test Utilization Management
Information Technology
Mergers & Acquisitions
Strategic planning
As an objective and knowledgeable healthcare consultant, NMG develops successful strategic options and business plans to achieve your goals.
Learn More
Management Services
NMG offers several options for management services including outsourced management and interim management, as well as recruitment services. We identify and screen potential candidates as well as develop job descriptions and recruitment advertisements and strategies.
Learn More
Outreach
Nichols Management Group offers extensive knowledge in end-to-end clinical laboratory outreach program optimization. From defining the outreach market opportunity to evaluating strategies for achieving measurable growth, our consultants focus on internal strategies and with potential partners.
Learn More
Benchmarking
Benchmarking measures quality, time, and cost using data compared against peers in order to analyze performance and build efficient infrastructure. LabScore® provides current performance ranking, along with a narrative that offers actionable information to optimize your clinical laboratory.
Learn More
Cost Savings
Continued economic pressure requires labs to not only focus on improved clinical outcomes but also on lowering cost. Cost savings come in many forms from supply costs, to automation, to the standardization of methodology and equipment to the consolidation of testing sites as well as the right-sizing of the labor force. NMG can help develop, analyze, and implement the best strategy that meets the needs of your particular laboratory.
Learn More
Revenue Cycle Management
Hospital and independent laboratories are facing tremendous reimbursement pressures from both federal and private payers. Compliantly collecting every dollar due to your lab is of the highest priority and the management of your revenue cycle is a good first step. NMG has extensive experience in bringing improved revenue cycle management that can lead to increased cash collections.
Learn More
Operations & Performance Improvement
NMG will conduct an assessment for your organization, make informed, data-driven recommendations, and help you develop and implement strategies to optimize your operations. More importantly, we will give you the tools to make sure that you can track progress to ensure sustainable results and continuous improvements over time.
Learn More
Test Utilization Management
Advancing the stewardship of lab testing utilization will typically result in a 10% -15% cost reduction and unmeasured improvement to quality outcomes as well as further align payers. Each time a clinical laboratory can contribute to improved patient outcomes while helping reduce the cost of care is a win-win for both the laboratory and health insurers. NMG has the proven experience and methodology to guide your laboratory in improved test utilization practices.
Learn More
Information Technology
Maximize the return on your data and information technology investment to avoid critical pitfalls with NMG's comprehensive advisory services. We offer consulting experience and capabilities to manage the information integration and connectivity-related issues for your healthcare organization.
Learn More
Mergers & Acquisitions
Nichols Management Group has been the driving force behind many of the most successful ventures in laboratory mergers, acquisitions and other forms of collaboration.
Learn MoreWhat people say
