Total Cost of Ownership

Total Cost of Ownership: Improving Laboratory Operational Efficiency

February 16, 2017

SPEAKER

Patrick Gontard is the CEO of Labexa Group in France. During his 25-year tenure in health care, Patrick worked to apply the Total Cost of Ownership (TCO) methodology to the laboratory setting to become an evidence based, real-life management tool for calculating and controlling costs related to laboratory operational efficiency. Patrick specializes in large laboratory group management, where he re-engineers processes, increases profitability and improves efficiency.

ABSTRACT

As health care 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 laboratory, and requires a new approach to reducing 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 more holistic approach to managing your laboratory operations, you can have a dramatic impact on the performance of your laboratory and in turn deliver greater value to your health care institution. 

LEARNING OBJECTIVES

In this webinar you will be introduced to TCO, 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.

Watch The Webinar

 
   

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