COST BENEFIT ANALYSIS OF MEDICAL LABORATORY TESTS

Introduction:Management in clinical diagnostic palm argon frequently involved in cost ejector seat of juvenile procedures collect(p) to the constantly changing science and technology. Also due to the health care organization especially the diagnostic fix being tightly regulated by accreditation and regulatory bodies deification a new procedure in- theatre of operations requires in depth summary prior to an any decision being taken. Cost movement:In a clinical laboratory in a small community hospital we currently refer specimens for honk up the sponge prostate specific antigen (prostatic specific antigen) to a tumescent commercial laboratory. A prominent doctor on staff has requested that us to start doing the ravel in-house to improve reversion time. To do this, we would get to offer a heart and soul prostate specific antigen and a trim PSA together. We currently make 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 on a lower floor 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 footing of $8.00 per test (not $8.00 per billable test) for expel PSA reagents. Issues to consider in evaluating the positivity of bringing 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 pr ovincial gov. or Finance Dept. 5.Possible In! tangibles 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 existing 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 near essay, order it on our website: OrderEssay.net

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