Profitability Assessment

The Profitability Assessment Tool is designed to assist in an objective analysis of your laboratory’s current financial status by providing an outline of the data required to conduct such an analysis. It is derived by evaluating your lab operations given a certain level of revenues and expenses over a certain period of time, typically a fiscal month, quarter or year. Performing this assessment should help answer ‘Is my lab profitable’ and/or help identify initial opportunities for improvement.