Economic Analysis of a Clinical Laboratory
Author Information
Author(s): Vikica Buljanović, Hrvoje Patajac, Mladen Petrovečki
Primary Institution: Našice General Hospital
Hypothesis
Can a SWOT analysis improve the business performance of a clinical laboratory?
Conclusion
The operational profit of the clinical laboratory could be significantly reduced if all threats became a reality and the current weaknesses remained the same, but could be increased by utilizing strengths and opportunities.
Supporting Evidence
- The SWOT analysis identified strengths such as 24-hour availability and a wide range of tests.
- Operational profit could drop from €470,723 to €21,542 if all threats materialized.
- Utilizing strengths and opportunities could increase operational profit to €535,804.
Takeaway
This study looked at how a clinical lab can make more money by using its strengths and opportunities while avoiding weaknesses and threats.
Methodology
SWOT analysis and economic sensitivity analysis were used to evaluate the business performance of the clinical laboratory.
Limitations
The study is based on a single laboratory's data and may not be generalizable to all clinical laboratories.
Participant Demographics
The laboratory serves a population of approximately 100,000 within a 50 km radius.
Digital Object Identifier (DOI)
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