By Sam Thurgood
The top-down approach to determining laboratory prices has critical flaws. The solution? Turn the process on its head and start bottom-up.
How you calculate your laboratory test costs not only helps you manage laboratory costs effectively – it can have a dramatic impact on quality too. Traditionally, costs are determined using a top-down, proportional approach. Sam Thurgood, Senior Consultant at LTS argues that exactly the opposite approach is required.