Example Cost Revenue Centers in the Clinical Laboratory

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Example Cost Revenue Centers in the Clinical Laboratory

The laboratory should be subdivided into cost/revenue centers to monitor costs and revenues. A cost/revenue center is an area of the laboratory with specific costs and revenues, such as the examples in Table 2.
Table 2: Example Cost Revenue Centers in the Clinical Laboratory
Clinical chemistry
Transfusion services
Hematology
Microbiology
Specimen Acquisition and processing
Urinalysis
Laboratory Administration (cost center only)
Because laboratory administration does not directly provide revenue for the laboratory, it is generally not considered a revenue center. Some revenue may be produced through phlebotomy and other specimen collection fees, so specimen acquisition and processing can be regarded as both a cost and revenue center. However, it usually does not produce a profit or comes close to paying for the services it provides, so rarely is it a profit center.