- December 4, 2018
- Posted by: nikhitha
- Category: Green Field Hospitals
Whether you are planning a new diagnostic centre, doing an exercise for pricing of tests or purchasing new lab equipment, you must do a realistic assessment of what you can realistically offer your patients. We offer such Healthcare Advisory.
An important component of a cost -effective diagnostic centre is assuring that you have “right-sized” your test menus and equipment to provide quality service in an economical manner.
Here, is where we need to “right-size?” the operations.
When your equipment and test menu range create staffing issues or work overload, and expiration of unused reagents/chemicals/kits happen or when quality control, calibration and downtime maintenance requirements interfere with productivity ….you’ve got problems relating to right-size of operations.
Having a laboratory with excess capacity and operating requirements can first drain vital resources and ultimately bankrupt a diagnostic practice.
In today’s scenario when income from laboratory testing is constantly under pressure, right-sizing your lab means better financial health; optimal resource utilization, and ultimately, better quality service for your valued patients. Hence, a clear need for Healthcare Consulting or Management Consulting in Healthcare. As part of healthcare consulting, India, Africa and GCC a study is done and following are the key observations.
2. Test Total Cost Components
a. Direct Material Costs
Reagents and Chemicals
Consumables like Collection needles, tubes/bottles, Gloves
Quality control material
Report paper, printing and envelope & bag costs
b. Direct Labour Costs
Laboratory Staff costs
Registered Medical Doctors – Pathologist/Radiologist
c. Other Overheads
Electricity and water
Administrative staff costs
Management staff costs
Service contracts – AMC/CMC
Patient registration software cost
External Quality Assessment
Instrument amortization over useful life
4. Test Matrix – Cost Features
A typical test in each matrix would have cost components as under:
Sarathy advisory helps top management in right financial strategy, costing and brand strategy of healthcare provider organizations such as hospitals, clinics, medical colleges, diagnostic centers. Sarathy Advisory provides healthcare consulting, India, Africa and GCC and discovers plenty of areas with in the operation and strategic business process for growth and competitive positioning. For more information, please write to email@example.com