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The Financial Module allow laboratory managers to identify cost per test at the procedural level and run detailed revenue forecasts.

Micro Costing

  • Allows quick determination of cost per test for any lab procedure. This includes variable, direct and fully loaded cost per test.
    • Precise costing includes instrument, maintenance, all reagents, supplies, labor etc.
  • Provides a benchmark for setting appropriate pricing for new procedures, profitability studies and transfer pricing

Client Profitability

  • Rapid determination of profitability for new or existing clients
  • Analysis includes direct testing cost, all support costs (marketing, courier, etc.)
  • Financial outcomes include net contribution/margin, ROI

Inventory Management

  • Statistical approach to determine economic order quantities and reduces risk of stockouts
  • Supports lean inventory management, Kanban cards