Cost per test: driving financial insight
Designed specifically for laboratories, eValuate™ will support effective laboratory cost management through its reliably repeatable cost per test calculation. Interrogate your cost, volume and revenue data with the eValuate™ interactive report to gain unparalleled transparency and detailed financial insights.
The eValuate™ framework
By seamlessly integrating data from your Finance system, Human Resources (HR) system, Laboratory Information System (LIS) and your laboratory processes, eValuate™ provides you with a comprehensive solution that analyses testing costs, volume and profit.
Our cost algorithm breaks costs down from the organization level through to the test level, calculating your true cost-per-test.
With accuracy and certainty, you can say goodbye to guesswork and embrace a data-driven approach. eValuate™ is a user-friendly and powerful laboratory cost management service that can unlock greater profitability in your laboratory environment.
What do you get with eValuate™?
Standardized templates
Standardized definitions and templates ensure consistency and accuracy in data collection, reducing the chances of errors or discrepancies. This, in turn, leads to improved overall quality and reliability of calculation results.
Consultant support
Partner consultants share a wealth of expertise and guide laboratory staff and managers, from the critical implementation phase to ongoing use of eValuate™. Consultants offer tailored insights and seek to ensure maximum operational impact and financial success.
Dynamic online reports
Reports are easy to use and are readily available through the eValuate™ reporting web application. Information is securely stored and safely accessed.
Cloud-based online access
Your laboratories eValuate™ data and reports are stored in our secure cloud-based facility, with strict security protocols to give you peace of mind and confidentiality.
Quality customer support
Our partner consultants guide your laboratory staff and management teams through the implementation phase and, thereafter, ongoing support is readily available for technical and data queries.
Expert advice
eValuate™ teams are highly skilled professionals who possess deep knowledge and understanding of the laboratory industry. They partner with you to ensure that you derive the maximum benefit from eValuate™.
How the process and the cost per test calculation works
eValuate™ & data training
eValuate™ consultants will work with you to allocate costs and activities to launch the implementation phase. eValuate™ will use information from three data systems, namely finance, HR and LIS. Training is provided to staff to get up and running with eValuate™.
Data gathering
After extracting all necessary data, additional descriptive metadata will be added to complete the organization’s definition and facilitate the cost and activity allocation process. Following the initial set-up phase, data will be periodically refreshed.
Calculation and reporting
Data accuracy is verified on the eValuate™ templates. eValuate™ technicians will then import the data into the primary structure for thorough validation, calculation and report generation. Reports are published and accessible to clients through the eValuate™ reporting web application.
Guided interpretation
During the implementation phase, consultants will analyze initial reports and identify any outlier or aberrant data. These reports will be discussed with you and updates made until final data validation. Validated published reports are available through the eValuate™ reporting web application.
Ready to uncover the true costs of your laboratory operations?
Schedule a demo of eValuate™ today to gain insight into your current laboratory costs. eValuate™ will quickly reveal ways in which to improve cost-per-test and your overall laboratory cost management.
