eValuate™
eValuate™ is a laboratory cost management service that helps laboratories 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.
Find out more at: eValuateABC.com
Are you struggling with:
- Cost management?
- Establishing profitability per department or test types?
- Understanding which test contributes to margin the most?
- Understanding the financial impact of strategic decisions?
- Comparing lab costs with those of other labs to gain an independent perspective?
- Understanding the financial impact of continuous improvement efforts?
- Understanding the actual cost per test?
How will eValuate™ benefit 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.
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.
Improve implementation time
Combines standardized laboratory processes, algorithms, data cleansing, and validation to reduce the ABC implementation time.
Improve implementation time
Internal benchmarking
Save costs
Expert support
Expert support
Uses expert support to validate results and guide solution implementation to maximize the return on investment.
Maximum value
How do we do it?
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.
Data & Consultation
eValuate™ will through consultation with our team of laboratory experts collect the process, LIS, HR and finance data. The data collection process has been designed specifically for laboratories.
eValuate™ & Calculation
Building on the well-established ABC calculation methodology, eValuate™ calculates the cost allocations.
Reporting & Implementation
Access your eValuate™ reports from anywhere through the hosted LTS Health Analytics web-platform.
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