4 research outputs found
Clinical laboratory as an economic model for business performance analysis
Aim To perform SWOT (strengths, weaknesses, opportunities,
and threats) analysis of a clinical laboratory as an
economic model that may be used to improve business
performance of laboratories by removing weaknesses,
minimizing threats, and using external opportunities and
internal strengths.
Methods Impact of possible threats to and weaknesses
of the Clinical Laboratory at NaŔice General County Hospital
business performance and use of strengths and opportunities
to improve operating profit were simulated
using models created on the basis of SWOT analysis results.
The operating profit as a measure of profitability of
the clinical laboratory was defined as total revenue minus
total expenses and presented using a profit and loss account.
Changes in the input parameters in the profit and
loss account for 2008 were determined using opportunities
and potential threats, and economic sensitivity analysis
was made by using changes in the key parameters. The
profit and loss account and economic sensitivity analysis
were tools for quantifying the impact of changes in the
revenues and expenses on the business operations of clinical
laboratory.
Results Results of simulation models showed that operational
profit of ā¬470 723 in 2008 could be reduced to only
ā¬21 542 if all possible threats became a reality and current
weaknesses remained the same. Also, operational gain
could be increased to ā¬535 804 if laboratory strengths and
opportunities were utilized. If both the opportunities and
threats became a reality, the operational profit would decrease
by ā¬384 465.
Conclusion The operational profit of the clinical laboratory
could be significantly reduced if all threats became a reality
and the current weaknesses remained the same. The
operational profit could be increased by utilizing strengths
and opportunities as much as possible. This type of modeling
may be used to monitor business operations of any
clinical laboratory and improve its financial situation by implementing
changes in the next fiscal period
Business analytics of specialized medical biochemistry laboratory using profit and loss acount
Mjerenjem trenutaÄne uÄinkovitosti tržiÅ”nog poslovanja specijalistiÄkoga medicinsko-biokemijskog
laboratorija iskazuje se raÄunovodstvena mjera profitabilnosti laboratorija, pri Äemu profitabilan laboratorij
troÅ”kove pružanja usluga pokriva prihodom od prodanih usluga. RaÄun dobiti i gubitka temeljni
je financijski izvjeŔtaj poslovanja koji pokazuje ostvaruje li neki poslovni subjekt dobit u promatranome
poslovnom razdoblju.
Metode. Profitabilnost SpecijalistiÄkoga medicinsko-biokemijskog laboratorija OpÄe županijske bolnice
NaÅ”ice iskazana je izraÄunom dobiti i gubitka za 2007. godinu, a uspjeÅ”nost poslovanja iskazana raÄunovodstvenim
mjerama marginalne kontribucije, bruto dobitka i operativne dobiti, kojima se jasno može
iskazati posluje li laboratorij sa zaradom (pozitivan predznak mjera) ili ne. Primjena navedenog postupka
omoguÄuje jednostavno uoÄavanje pokazatelja koji uzrokuju uspjeÅ”no ili neuspjeÅ”no poslovanje laboratorija.
Rezultati. IzraÄun je pokazao operativnu dobit Laboratorija od 719.926 kn odnosno operativnu maržu
od 11,7%, Äime se dokazalo da Laboratorij posluje pozitivno te da mu nakon oduzimanja svih operativnih
troŔkova poslovanja na 100 jedinica prihoda ostaje 11,7 jedinica dobiti iz njegove osnovne djelatnosti.
ZakljuÄak. SpecijalistiÄki medicinsko-biokemijski laboratorij OpÄe županijske bolnice NaÅ”ice ostvario
je svojim radom dobit, tj. zaradu. Cilj izraÄunavanja dobiti ili gubitka jest odreÄivanje moguÄih aktivnosti
unutar laboratorija kojima se može djelovati na uÄinkovitost poslovanja, koja bi se iskazala poveÄanjem
postojeÄe profitabilnosti. Ako se rad laboratorija iskaže negativnim poslovanjem, a ne uÄini se nikakva
promjena kojom bi se poslovanje uÄinilo pozitivnim, ovakva analiza poslovanja daje jasnu informaciju o
cijeni koju druÅ”tvo u cjelini mora snositi radi nadoknaÄivanja negativnog poslovanja promatranog laboratorija
koji je u okviru postojeÄeg sustava zdravstvene zaÅ”tite.Introduction. By measuring the actual effectiveness of a medical biochemistry laboratoryās business
operations, we can determine the accounting measure of laboratoryās profitability, where operating
expenses of the laboratory are covered by the income generated from the services. A laboratoryās financial
report can be based on a profit and loss account, which shows whether or not a business entity, i.e., the
laboratory, is making a profit during a particular business period.
Methods. Profitability of the Specialized Medical Biochemical Laboratory (Laboratory) of the General
County Hospital in NaŔice, Croatia, was determined using the profit and loss account for 2007. Business
success was expressed using the accounting measures of marginal contribution, gross income, and operating
income, which could show whether or not the laboratory was operating profitably. This procedure
allowed us to identify indicators of successful or unsuccessful business operations of the Laboratory.
Results. According to the profit and loss account, the operating profit was 719,926 HRK, i.e., the
operating margin was 11.7%, indicating that the Laboratory was operating positively. After subtracting all
operating expenses per 100 income units, 11.7 units profit remained from the Laboratoryās core business.
Conclusion. The Specialized Medical Biochemical Laboratory of the General County Hospital in NaŔice
generated income, i.e., it operated at a profit. The purpose of profit and loss account was to determine
the Laboratory operations that had impact on its business effectiveness and could increase the actual
profitability. If the laboratory operates at a loss, and no activities are undertaken that would reverse the
business toward positive, the analysis may provide information on the cost for the society as a whole of
the studied laboratory within the existing healthcare system
Clinical laboratory as an economic model for business performance analysis
Aim To perform SWOT (strengths, weaknesses, opportunities,
and threats) analysis of a clinical laboratory as an
economic model that may be used to improve business
performance of laboratories by removing weaknesses,
minimizing threats, and using external opportunities and
internal strengths.
Methods Impact of possible threats to and weaknesses
of the Clinical Laboratory at NaŔice General County Hospital
business performance and use of strengths and opportunities
to improve operating profit were simulated
using models created on the basis of SWOT analysis results.
The operating profit as a measure of profitability of
the clinical laboratory was defined as total revenue minus
total expenses and presented using a profit and loss account.
Changes in the input parameters in the profit and
loss account for 2008 were determined using opportunities
and potential threats, and economic sensitivity analysis
was made by using changes in the key parameters. The
profit and loss account and economic sensitivity analysis
were tools for quantifying the impact of changes in the
revenues and expenses on the business operations of clinical
laboratory.
Results Results of simulation models showed that operational
profit of ā¬470 723 in 2008 could be reduced to only
ā¬21 542 if all possible threats became a reality and current
weaknesses remained the same. Also, operational gain
could be increased to ā¬535 804 if laboratory strengths and
opportunities were utilized. If both the opportunities and
threats became a reality, the operational profit would decrease
by ā¬384 465.
Conclusion The operational profit of the clinical laboratory
could be significantly reduced if all threats became a reality
and the current weaknesses remained the same. The
operational profit could be increased by utilizing strengths
and opportunities as much as possible. This type of modeling
may be used to monitor business operations of any
clinical laboratory and improve its financial situation by implementing
changes in the next fiscal period