Pillar 4: Lab Finance
Ensure that overall financial performance continues to keep pace with the operating and capital requirements needed to advance divisional and departmental mission and values
Use this presentation to provide an overview of the “Lab Finance” Pillar of the ASCP Negotiation and Advocacy Toolbox.
Events
Virtual Office Hours: Lab Finance
This virtual office hours session is an open forum for participants implementing laboratory advocacy efforts in their laboratories to seek feedback from ASCP lab leaders.
When: September 13th | 12-1pm CT
Tools/Resources
Note: Any tools and/or resources used from this Toolkit should be adapted for your own laboratory or health system, as appropriate
Lab Finance Overview
Overview of Lab Finance Pillar
Use this presentation to provide an overview of the “Lab Finance” Pillar of the ASCP Negotiation and Advocacy Toolbox.
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Lab Finance Intended Use
Use this document to better understand the documents and tools in each Toolkit and how they can be used to better advocate for your laboratory’s needs.
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Lab Finance Supplementary References
Use this document to obtain additional references and resources for each pillar topic.
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Tips and Recommendations
Using Lab Finance to Advocate for Equipment and Staff
Use your organization’s tools listed in the document to advocate for funds and resources, like equipment and staffing.
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How to use Lab Finance to Advocate for the Lab
Use verbiage in presentations, speaking and written, to better advocate for your laboratory’s needs.
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Information
Financial Justification of Capital Equipment
Additional definitions of financial indicators to prepare requests for funding.
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Tools
Productivity Calculator
Enter your data into the calculator to identify your productivity. “Productivity Notes” tab contains useful definitions and considerations for using the spreadsheet.
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Mini ROI
Can be used to determine Make vs. Buy (test in-house vs. send out), comparing platforms for the same test, comparing two different kits, etc.
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System Laboratory Standardization and Planning – major equipment
Use this to track your analyzers and lifespan, creating a plan to replace one high dollar platform per year.
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