In order to monitor costs and revenues, the laboratory should be subdivided into cost/revenue centers. A cost/revenue center is an area of the laboratory that has specific costs and revenues attributed to it such as the examples shown in table 2.
|Table 2: Example Cost Revenue Centers in the Clinical Laboratory|
|Specimen Acquisition and processing|
|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 considered both a cost and revenue center. However, it usually does not produce a profit or come close to paying for the services it provides so rarely is it a profit center.