The University of DammamSchool of Applied medical Sciences

Department of Medical Laboratory TechnologyLab Management Course

Presenter:Dr/ Magdy Korashy

1. Development of Goals2. Budget Assumption3. Expences Forcast4. Monitoring

Lab goals based on Organization mission and strategic objectives

Goals should be achievable, properly defined

The assumption is Your SAR limit, which usually based on previous experience

In Private Lab. , based in past earning, cash flow, late money flow

1. Capital expenses2. Operational expenses

Is considered investments (calculated for 3 yrs cycle) like:

New space or space change Equipment replacement Equipment purchase Information technology

Should be evaluated on two categories: Justification Priority

Replacement for equipment not to be repaired New purchases for required for increase work

load or new methods used Cost reduction (instead of equipment rental)

Either: Essential ~ needed immediately Necessary ~ important but less than

essential Desirable means reducing cost Other means improving working condition

Cash purchase: equipment > 5 yrsi.e. microscope, refrigerators, slide strainers Equipment lease: open system with

several reagent manufacturer Reagent rental: the cost of equipment

use is calculated into the reagent cost

Look to page 123 and 124 in the paper source

Calculated according 12 months cycle Salaries Laboratory reference fees Education and travel Consumables Reagents Services and maintenance Contract

Once the operational budget is implemented, reports are viewed on monthly basis to monitor Budget variances

Attributed to: Increased volume Increase in vendor price Policy and procedure change

Laboratory managers always eager to know the cost per test.

When calculating, look beyond the mere cost of reagent, equipment and technologist time

Example, see page 125 in paper source