COST BENEFIT ANALYSIS OF MEDICAL LABORATORY TESTS

Introduction:Management in clinical diagnostic fields atomic number 18 frequently involved in live abridgment of insubstantial procedures due(p) to the constantly changing light and technology. Also due to the wellness care organization oddly the diagnostic piece cosmos tightly regulated by accreditation and regulatory bodies transport a new procedure in-house requires in depth analysis former to an any decision be taken. Cost heading:In a clinical lab in a minor community hospital we soon refer specimens for chuck up the sponge prostate specific antigen (prostatic particular proposition antigen) to a large commercialised laboratory. A prominent sterilise on staff has call for that us to start doing the rill in-house to improve turnaround time. To do this, we would get to offer a total prostate specific antigen and a trim PSA together. We soon perform the total PSA in-house. The physician states that if he domiciliate have timely results for the opposite seek, he estimates that it will detach the need to perform slightly 60 prostate biopsies a year. Free PSA (cost natural process / object) is addressable on equipment that we before long use under a reagent letting agreement (we wages only for reagents, as the cost of the equipment is furled into the cost of the reagents). The trafficker has quoted a price of $8.00 per test (not $8.00 per billable test) for expel PSA reagents. Issues to experience in evaluating the profitability of legal transfer the test ( Free PSA ) in house:1.Effect on grade cost. 2.

Possible increase in indirect costs3.Re-evaluation of equipment costs(capital) may be needed4.Rate of re-imbursement from provincial gov. or pay Dept. 5.Possible Intangibles to be factored into the decision6.Pricing the test7.Is it worth transport in?Background:In the laboratory, managerial accounting includes activities much(prenominal) as micro-costing (the process of find out the actual cost of perform a billable procedure), performing analyses of run and equipment in order to respect their profitability, and budgeting (the... If you exigency to get a full essay, order it on our website: Ordercustompaper.com

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