Manage Lab's Finances Better by using Test Analytics

Godavari Doke

Godavari Doke

CrelioHealth for Diagnostics (formerly LiveHealth)
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What is Test Analytics?

Test Analytics illustrates statistical data of the top tests performed at your centre; giving you more clarity on their type, department, source and billing details. It allows you to set a filter to this data in order to display and study a required set of results.

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This analytical data helps you effortlessly understand which tests are performed as a part of profile or separately. Knowing tests that are done more often, laboratory staff can decide on buying more reagents for the same as compared to others.

In addition to this, the feature has more highlights and usability for labs. Read ahead to know more -


Highlights & Usability

Improve finance control - While test count along with billing amount can detect revenue leakages, high frequency tests can enable you to manage your finances more effectively by maintaining machine calibration and workflow efficiency beforehand. For example, if a department uses more reagent but doesn't reflect on the billing becomes helpful in detecting leakages.

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Rethink outsourcing - With analytics studying outsourced numbers along with their corresponding profit and loss is super easy. It enables you to rethink if you are spending more for a lesser number of outsourced samples. In that case, such data helps you take better decisions; like buying an in-house machine for testing over sample outsourcing. This also saves the additional logistical cost for your lab.

Fix issues and enhance output - A lot more easy to evaluate departments that are under-performing to analyze issues and fix them for a higher throughput.

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Setting a better target for marketing - Knowing high performing tests & profiles can help you target them in the competitive market. For example, with reference to test analytics data, if you conduct dengue test in high number during monsoons, you can decide to market it every year during the season to attract more customers and scale revenue.


Benefits of using data from Test Analytics -

Every actionable data from Test Analytics becomes necessary for the given cycle

  • Improved visibility to evaluate business
  • Derive loopholes to enhance throughput for crucial tests (especially, for low performing tests)
  • Design better plans to target the best tests & profiles for marketing
  • Implement changes to manage finance more efficiently
  • Repeat process monthly

The Test Analytics feature acts as a boon to make better decisions for your diagnostic business in many ways. Hence, it is crucial that you utilize the feature and improvise operational and financial areas only to boost your business significantly.

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