Example Cost Revenue Centers in the Clinical Laboratory

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The page below is a sample from the LabCE course Basic Concepts for Making Informed Financial Decisions for the Clinical Laboratory - Part 1. Access the complete course and earn ASCLS P.A.C.E.-approved continuing education credits by subscribing online.

Learn more about Basic Concepts for Making Informed Financial Decisions for the Clinical Laboratory - Part 1 (online CE course)
Example Cost Revenue Centers in the Clinical Laboratory

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
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 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.