ROI - Financial Feasibility for Physician Office Laboratories

ROI - Financial Feasibility for Physician Office Laboratories

ROI Lab

ROI - Financial Feasibility for Physician Office Laboratories

Laboratory managers, directors and personnel will develop and understand the tools necessary to determine gross and net revenue of in-house laboratory testing. Participants will learn how to set-up a financial spread sheet, plug and play volume numbers, and determine if a test is more profitable to perform in-house or send to a commercial laboratory. Attendees will be provided with forms to calculate cost analysis for each test.

OBJECTIVES:

Upon the completion of this session, participants will be able to:

· Determine financial feasibility of in-house testing

· Understand and utilize cost analysis sheets and formulas

· Justify cost of purchasing laboratory equipment and in-house POCT

Tim's Downloadable Articles

Financial "Check-Up" Maximizing Laboratory Revenue >>

As featured in the COLA newsletter "Insights". Learn how to give continuity and organization to your lab and maximize revenue. This article is a guide that can be used year to year to measure and compare your lab’s effectiveness, efficiency, and financial health. It allows you to specifically address each lab department that may need to improve and determine how those improvements will be implemented.

POCT for POL's >>

Featured in MLO magazine. Return on Investment and financial feasibility are dicussed for physician office laboratories considering doing medical laboratory point of care testing
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