GRBIOMEM2511 - CMLE - Financial Management Essentials for Biomarker Testing

Course Description

Financial Management Essentials for Biomarker Testing

This is an elective module of the Biomarker Testing Navigation Certificate program.  dives into the essential financial and business aspects crucial for any biomarker testing laboratory. It explores vital topics like cost analysis, prior authorization workflows, accurate billing and reimbursement, and effective financial planning. The module also examines the impact of regulatory and payer changes on laboratory sustainability and equips participants with practical skills needed to ensure effective economic stewardship of biomarker testing services. 

Course topics include: 

Cost analysis of testing

Prior authorization in biomarker testing

Billing and reimbursement

Budgeting and financial planning

Regulatory and payer considerations

Target Audience 

This activity has been designed to meet the educational needs of pathologists and laboratory professionals. 

Faculty/Authors

Amanda Hanson, MS 
Director, Precision Medicine 
Spartanburg Regional Healthcare System 
Spartanburg, SC 

Physician's Competency: Patient Care, Medical Knowledge

CMLE Credit: 1.0
Estimated Completion Time: 1 hour
Format: Online educational activity

Credit Designation Statement

ASCP designates this activity for a maximum of 1 CMLE credit. This activity meets CMP and state re-licensure requirements for laboratory personnel.

For questions regarding CMLE credit, please contact ASCP Customer Service at 1-800-267-2727, option 2, in the US & Canada or internationally at access code + 3-1-312-541-4890. Monday-Friday, 8am-5pm CT.

Method of Participation
To complete the activity and receive credit, the participant must complete the online activity. CMLE certificates will be provided online.

Commercial Support
This activity is supported by a sponsorship from AstraZeneca.

Instructions

To claim CMLE credit for the exercise, do the following:

Review the Technical Considerations.
Click Go to Content and click the first module of the course.
Complete the Demographic Survey.
Complete the Pre-Test.
Review the Educational Activity.
Complete and submit the Post Exam. You will have a maximum of three attempts to obtain the required score. You will be notified if you have met the credit requirements after each attempt.
Submit the course Evaluation.
Enter the maximum number of credits offered and click Claim CMLE to register credit.

Faculty Disclosures

Technical Considerations

Release Dates:10/06/2025
Review Date:
Expiration Date: 6/10/2028

Course Objectives

Upon completion of this activity, you will be able to:

Analyze cost components of biomarker testing and identify optimization strategies.

Explain the workflow and requirements for biomarker test prior authorization.

Apply strategies to optimize biomarker test billing, reimbursement, and denial management.

Describe the foundational components of budgeting and financial planning in laboratory management.

Evaluate the impact of regulatory and payer changes on biomarker testing financial sustainability.

Summary

Availability:

On-Demand

Credit Offered:

1 CMLE Credit