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A Unique Outcome of Integrated Source Management
Cost Per Test (CPT) Analysis
CPT (Cost Per Test) is more than just a financial metric. It's a strategic insight. By analyzing not only reagent consumption but also staff time, equipment use, and process efficiency, LabIQ provides a true reflection of the total cost of each test performed in your lab.
Cost of Consumptions
Monitors the reagents and consumables used in each test, contributing directly to material cost analysis.
Instrument Costs
Captures how long lab equipment is used per test, helping to allocate machine-related expenses.
Labor Costs
Measures the hands-on time spent by lab personnel, reflecting labor costs in the overall CPT.
Fixed Costs
Includes stable expenses like rent, equipment depreciation, and licenses, distributed across all tests.
Variable Costs
Covers usage-dependent costs such as reagents, utilities, and hourly wages, varying with test volume.
How it Works?
1. Data Collection from Inventory, Staff, and Instrument Modules
2. Efficiency Calculations with BI Data Integrity
3. Automatic Grouping of Cost Elements (Fixed, Variable, Lab & Test Groups)
5. CPT Calculation for Selected Periods
6. Dynamic Analysis by Tests, Group, Department, or Location
Financial Accuracy
Move away from estimated averages. See the exact cost of each test.
Strategic Pricing & Budgeting
Optimize your purchasing, pricing, and resource allocation strategies.
Rational Decision-Making
Use CPT insights to plan investments, restructure operations, and justify budgets.