DATE: February 16, 2017
TIME: 8:00am PT, 11:00am ET

As healthcare trends push cost-pressures onto hospital systems, laboratories are faced with intensifying budget constraints while managing an ever-increasing demand for higher quality.  Properly managing these competing pressures is critical to the sustainability of any lab and requires a new approach to reducing operational costs, without sacrificing quality.  

Total Cost of Ownership (TCO) is a concept that can help laboratories and hospitals identify factors that drive increased costs, with the goal of identifying the source of operational inefficiencies throughout your laboratory operations and improving productivity. 

The impact of direct and indirect costs on a laboratory’s budget can be significant, and proper management of these costs is crucial to making operational improvements.  By taking a holistic approach to managing your lab operations, you can have a dramatic impact on the performance of your lab and in turn deliver greater value to your healthcare organization. 

In this webinar you will be introduced to the Total Cost of Ownership methodology, learn how to leverage TCO to improve your laboratory’s performance, review a robust case study performed by an independent laboratory, and explore the impact of these improvements.
 

Learning Objectives:

• Define the characteristics of a successful lab 
• How to focus on evidence-based laboratory management improvements to maximize operational efficiency
• How to maximize your lab's capabilities and influence on pre-analytics, peri-analytics, and post-analytics