Healthcare labs have traditionally seen most of their work come from hospitals and physician offices. However, that’s now changing as corporations, schools, individuals and integrated delivery networks are utilizing labs for testing, screening and related services.
 
This diversified client base can be good for labs’ business, but it also has a drawback. A lack of visibility into these various customer types can create barriers to achieving operational efficiency and maximizing profitability—two important factors in today’s lab environments. That’s why a modern approach to cost analysis is needed to help labs lower costs, reduce waste and improve efficiency.