COST BENEFIT ANALYSIS OF MEDICAL LABORATORY TESTS

Introduction:Management in clinical diagnostic fields argon frequently involved in embody abridgment of recent procedures due(p) to the constantly changing scholarship and technology. Also due to the health care organization specially the diagnostic piece creationness tightly regulated by accreditation and regulatory bodies transport a new procedure in-house requires in depth analysis previous to an any decision being taken. Cost heading:In a clinical science laboratory in a piffling community hospital we presently refer specimens for chuck up the sponge prostate specific antigen (prostatic proper(postnominal) antigen) to a large commercial message laboratory. A prominent get on staff has call for that us to start doing the mat 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 layabout have timely results for the opposite outpouring, he estimates that it will fade the need to perform about 60 prostate biopsies a year. Free PSA (cost occupation / object) is addressable on equipment that we presently use under a reagent letting agreement (we support only for reagents, as the cost of the equipment is furled into the cost of the reagents). The marketer has quoted a price of $8.00 per test (not $8.00 per billable test) for expel PSA reagents. Issues to contain in evaluating the profitability of delivery 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 bring in?Background:In the laboratory, managerial accounting includes activities such(prenominal) as micro-costing (the process of ascertain the actual cost of performing a billable procedure), performing analyses of service and equipment in order to mensurate their profitability, and budgeting (the... If you exigency to get a full essay, order it on our website: Ordercustompaper.com

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