Balancing the budget in the specialty group practice clinical laboratory.
A four-physician group had developed a very successful practice model, but cost accounting was not well-developed as general ledger and accounts payable activities were performed using manual methods and financial statements were prepared on a spreadsheet program. The purpose of this case study is to describe the steps taken to develop a cost management system for the laboratory and the corrective action taken to reduce a loss from operations.
Sullivan
M
M
Infections Limited, Tacoma, WA 98402.
D000066:Accounting / Q000458:organization & administration* / Q000706:statistics & numerical data; D002017:Budgets / Q000458:organization & administration* / Q000706:statistics & numerical data; D002984:Clinical Laboratory Information Systems / Q000191:economics*; D003141:Communicable Diseases / Q000175:diagnosis / Q000191:economics; D003361:Cost Allocation / Q000458:organization & administration / Q000706:statistics & numerical data; D003627:Data Interpretation, Statistical; D004526:Efficiency; D006123:Group Practice / Q000191:economics*; D006801:Humans; D007182:Income / Q000706:statistics & numerical data; D007753:Laboratories / Q000191:economics*; D012984:Software / Q000191:economics; D014481:United States