Analysis of laboratory department
"Calculate, using one of the FTE formulas to justify, how many full-time employees are necessary. Assume that the full-time employees will work five 8-hour shifts. The minimum amount of employees per shift is: 1 pathologist, 2 laboratory technologists, and 1 front office person.
Provide details as to the services the laboratory offers and the revenue it can generate for the hospital to help the CFO put this information into perspective.
Provide a cost analysis of the day-to-day operation expenses of the department.
Analyze cost using the cost classifications of direct versus indirect and flexible/variable/semivariable.
Combine the information into a PowerPoint slide presentation to present to the hospital CFO. Make the slides informational and also visually appealing.
Lab services:
The laboratory services provided include testing of specimens in Anatomic Pathology and includes work such as histopathology, cythopathology and electron microsocopy. Other services provided include clinical microbiology, clinical chemistry, hematology, genetics and reproduction biology. All these services are essential for a laboratory to function properly. The revenue that this department can generate is substantial as several requests for tests provide extensive work and this is quite highly paid.
Cost analysis:
The day to day operational expenses of this department are quite normal as they include the daily salaries of all employees plus the costs to purchase the equipment required for lab tests. All told the total daily running cost should not exceed the USD 1000 figure per day.
Cost analysis 2:
The direct costs of the department are the wages and salaries, the power and electricity required to carry out the work as well as the costs related to the purchasing of materials for testing. Indirect costs include the amount of time spent analyzing samples, these can be flexible costs as well as other semi variable costs such as additional materials purchased for more complicated testing.
References:
Farr, J. Michael; Laurence Shatkin (2004). Best jobs for the 21st century. JIST Works. p. 460
Clinical Chemistry 46, No. 5, 2000, pgs. 246-250
Health Management Technology magazine, October 1, 1995
