COST BENEFIT ANALYSIS OF MEDICAL LABORATORY TESTS

Introduction:Management in clinical diagnostic palm argon frequently involved in cost condensate of juvenile procedures repayable(p) to the constantly changing science and technology. Also due to the health care organization especially the diagnostic instal being tightly regulated by accreditation and regulatory bodies institutionalise a new procedure in- digest requires in depth epitome prior to an any decision being taken. Cost nous:In a clinical laboratory in a small community hospital we currently refer specimens for sanctify up the sponge prostate specific antigen (prostatic specific antigen) to a prodigious commercial laboratory. A prominent doctor on staff has requested that us to start doing the ravel in-house to improve blow time. To do this, we would get to offer a kernel prostate specific antigen and a trim PSA together. We currently fulfill the total PSA in-house. The physician states that if he can have seasonably results for the paired test, he estimates that it will eliminate the need to perform approximately 60 prostate biopsies a year. Free PSA (cost activity / object) is addressable on equipment that we currently use under(a) a reagent letting agreement (we pay only for reagents, as the cost of the equipment is furled into the cost of the reagents). The vendor has quoted a equipment casualty of $8.00 per test (not $8.00 per billable test) for expel PSA reagents. Issues to consider in evaluating the profitability of bringing the test ( Free PSA ) in house:1.Effect on grade cost. 2.

Possible increase in verifying 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 bringing in?Background:In the laboratory, managerial accounting includes activities such as micro-costing (the process of determining the genuine cost of performing a billable procedure), performing analyses of services and equipment in order to evaluate their profitability, and budgeting (the... If you exigency to get a right essay, order it on our website: OrderEssay.net

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