Services

Home > Services > eValue Activity Based Costing (ABC)

eValuate™ Activity-Based Costing (ABC)

eValuate™ is an ABC service that helps labs achieve cost savings, improve productivity and manage change effectively. eValuate™ can help laboratories transition from estimation-based cost accounting with limited visibility into the cost drivers to fully understand all costs across the laboratory.

LTS Health’s decades of laboratory expertise has been combined in eValuate to create a dedicated laboratory costing model which is intuitive and easy to use, answers all your costing questions and future cost performance scenarios.

Are you struggling with:

eValuate img c

How do we help your laboratory?

eValuate™ performs an accurate ABC analysis of your lab. This enables you to keep track of costs, compare laboratories within your own network and assess future changes’ impact.

Track
01 Track

Internal Analysis

scales
02 Compare

Benchmarking

analytics
03 Assess

Scenario Analysis

How do we do it?

Accurate cost per test

Provides laboratories with an accurate cost per test and detailed insight into cost drivers at test level, department level, or across the entire laboratory.

cost per test
Improve implementation time

Combines standardized laboratory processes, algorithms, data cleansing, and validation to reduce the ABC implementation time.

implementation time
Improve implementation time​
Combines standardized laboratory processes, algorithms, data cleansing, and validation to reduce the ABC implementation time.
implementation time
Internal benchmarking
Applies internal benchmarking and “best practice” competitive comparisons in terms of productivity and cost baseline to set realistic improvement targets.
benchmarking
save costs
Save costs
Enables laboratories to save costs and increase margins​ by providing all information required to actively manage financial performance while identifying performance gaps and areas for improvement.
expert support
Expert support
Uses expert support to validate results and guide solution implementation to maximize the return on investment.
Expert Support

Uses expert support to validate results and guide solution implementation to maximize the return on investment.

maximum value
Maximum value
Provides quarterly updates to ensure that set improvement targets are achieved, extracting maximum value from implementation.

LTS’s ABC Value Proposition

eValuate ROI

Assess “What if” Scenario evaluation

Implementation of identified changes to close the performance gap.

Track

Understand costs, cost drivers.

Benchmarking

Compare costs with those of other labs and identify performance gaps.

performance monitoring
Track

Understand costs, cost drivers.

gap analysis3
Benchmarking

Compare costs with those of other labs and identify performance gaps.

Assess “What if” Scenario evaluation

Implementation of identified changes to close the performance gap.

cost reduction

Browse through our other services

Request a Call Back

We enjoy helping laboratories become more successful. Please fill out the form
below and one of our expert consultants will get back to you shortly.

Fields marked with * are required.