Business Objective:
Increase in lab throughput and cost reduction through Lab Performance Analytics.
Key Solution:
- Detailed LIMS data was ingested, KPIs were calculated and stored into a big data lake
- Analysis of OTC and TAT for all requests, pending requests, completed and pending tests
- Cost data is ingested from the financial system (non-LIMS data source). Across dimensions, the analysis tracks KPIs such as: total turnover cost, billed turnover cost, and unbilled turnover
- Identifies high cost pools for potential cost reduction
- Benchmarking across labs – comparison of relative costs and TAT costs for tests performed in different labs
- Highlights “which” lab test is costing “what”, and which/where high margin tests should be performed to maximize ROI
Business Impacts & Outcomes:
- Increased transparency and insights of lab performance
- Improved operations workflow
- Reduction of bottlenecks and costs
