Revenue per test is defined as what?

Revenue per test is defined as the total gross revenue divided by test volume. This calculation is important in laboratory management as it provides insight into how much revenue is generated for each test performed. It reflects the laboratory's financial performance and efficiency, helping managers make informed decisions regarding pricing strategies, resource allocation, and overall operational effectiveness.

Understanding this metric allows laboratory administrators to assess the profitability of their services and can guide improvements in service offerings or identification of areas requiring cost control. By focusing on total gross revenue and the volume of tests performed, lab managers can effectively track trends in productivity and revenue generation, helping to ensure the sustainability and growth of the laboratory's operations.