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Seattle-King County revisited

P Bonin, H L Lawton

    Health Laboratory Science
    |October 1, 1976
    PubMed
    Summary
    This summary is machine-generated.

    Seattle-King County Public Health Laboratory refined its diagnostic workload costing. The new method provides more precise cost-per-relative value for each cost center, improving financial accuracy.

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    Area of Science:

    • Laboratory management
    • Health economics
    • Public health administration

    Background:

    • Diagnostic laboratories require accurate workload measurement for financial management.
    • Previous methods of calculating cost-per-relative value at Seattle-King County Public Health Laboratory were insufficient due to rising costs and demand for precision.

    Purpose of the Study:

    • To introduce a refined methodology for determining cost-per-relative value.
    • To enhance the precision of laboratory cost accounting by analyzing primary cost centers.

    Main Methods:

    • Developed a new methodology to calculate cost-per-relative value for each primary cost center.
    • Compared cost differences between the old and new costing methods.

    Main Results:

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    • The refined methodology offers a more precise cost-per-relative value.
    • Significant cost differences were observed when comparing the old and new costing approaches.

    Conclusions:

    • The new methodology provides a more accurate financial picture of laboratory operations.
    • This improved costing enhances resource allocation and financial planning for public health laboratories.