Difference between revisions of "Cost Analysis"

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Amortized cost of the machine
Laboratories are businesses like any other.  They must control costs and report on financial performance.  Job Cost Analysis is a way to evaluate whether a particular analyzer is performing as expected.  The stay in business the laboratory needs to demonstrate a positive financial contribution to the overall organization.  Job Cost Analysis usually takes into account:


Total reagent cost per unit time
*Amortized cost of the machine
 
*Reagent cost total and per unit time
# of tests per unit of time by day, month, quarter, year
*Disposables cost totasl and per unit of time
 
*Number of tests per unit of time by day, month, quarter, year
Expected reimbursement for per test
*Expected (or actual) reimbursement per test
*The cost of technician time


Many offices employment a Laboratory Information System that keeps track of materials, Reagents, Disposables so that Job Cost Analysis becomes easy for the laboratory.


{{Office Flow}}
{{Office Flow}}

Revision as of 07:45, 26 August 2011

Laboratories are businesses like any other. They must control costs and report on financial performance. Job Cost Analysis is a way to evaluate whether a particular analyzer is performing as expected. The stay in business the laboratory needs to demonstrate a positive financial contribution to the overall organization. Job Cost Analysis usually takes into account:

  • Amortized cost of the machine
  • Reagent cost total and per unit time
  • Disposables cost totasl and per unit of time
  • Number of tests per unit of time by day, month, quarter, year
  • Expected (or actual) reimbursement per test
  • The cost of technician time

Many offices employment a Laboratory Information System that keeps track of materials, Reagents, Disposables so that Job Cost Analysis becomes easy for the laboratory.