Cost Per Test (CPT) Analysis: Uncovering the Hidden Truths in Your Laboratory

Managing a successful laboratory isn't just about processing more tests. It's about understanding the true cost behind each result. That's where Cost Per Test (CPT) analysis becomes a game-changer.

Unlike traditional budgeting methods that focus solely on reagent costs, CPT analysis takes a holistic view: it factors in staff time, instrument usage, overhead expenses, and process efficiencies. This comprehensive perspective reveals the actual cost of every test performed, not just an estimate.

Tools like LabIQ's CPT module automate data collection from inventory, staffing, and instruments, dynamically calculating costs per period, per department, or per test type. With CPT analysis, labs can:

• Set more strategic pricing.

• Identify unprofitable services.

• Justify budgets and investments with confidence.

• Improve operational workflows to lower overall costs.

In an increasingly competitive healthcare environment, laboratories that know their true costs hold a significant advantage. CPT analysis isn't just about saving money — it's about empowering smarter, stronger growth.