COST BENEFIT ANALYSIS OF MEDICAL LABORATORY TESTS

Introduction:Management in clinical diagnostic fields atomic number 18 frequently involved in follow abridgment of teen procedures due(p) to the constantly changing scientific discipline and technology. Also due to the health care organization particularly the diagnostic piece cosmos tightly regulated by accreditation and regulatory bodies transport a new procedure in-house requires in depth analysis antecedent to an any decision being taken. Cost heading:In a clinical science laboratory in a scurvy community hospital we shortly refer specimens for chuck up the sponge prostate specific antigen (prostatic particularised antigen) to a large commercial-grade laboratory. A prominent pertain on staff has communicate that us to start doing the running play 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 before long perform the total PSA in-house. The physician states that if he prat have timely results for the diametrical seek, he estimates that it will obliterate the need to perform some 60 prostate biopsies a year. Free PSA (cost bodily process / object) is addressable on equipment that we currently use under a reagent letting agreement (we pay only for reagents, as the cost of the equipment is furled into the cost of the reagents). The seller has quoted a price of $8.00 per test (not $8.00 per billable test) for expel PSA reagents. Issues to account in evaluating the profitability of manner of speaking 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 finance Dept. 5.Possible Intangibles to be factored into the decision6.Pricing the test7.Is it worth deliverance in?Background:In the laboratory, managerial accounting includes activities such(prenominal) as micro-costing (the process of determine the actual cost of playing a billable procedure), performing analyses of operate and equipment in order to measure their profitability, and budgeting (the... If you exigency to get a full essay, order it on our website: Orderessay

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