OMER KIRAN: As laboratories and health systems develop their strategic plans, it’s important that they identify SMART (Specific, Measurable, Achievable, Realistic, and Timely) goals and KPIs that address the market dynamics that are most relevant to their businesses, and continuously track their performance. They need to build continuous improvement and performance measurement into their operating cultures.
SMART goals, by definition, are specific to each laboratory and health system. This isn’t about measuring turnaround time (TAT) because all labs are concerned with TAT. It’s about setting goals that measurably impact operational performance and integrated care within your lab and your health system. It’s about measuring things that matter. Finding the right KPI set and measuring them is not an easy task. As an example, the lab can optimize workflows, use the highest level of automation, minimize manual intervention, and measure their production capacity and production speed. However, if a certain percentage of samples they receive are being transported incorrectly, they can spend a disproportionate amount of resources and time to solve that issue based on sample integrity. So, it is all about identifying and measuring the right KPIs specific to a lab’s particular needs and going beyond the general KPI sets when needed.
This is an area where having a business intelligence solution in place can facilitate success. With all the daily challenges of running a lab, performance measurement needs to be as simple and systematic as possible. A dashboard that is configured to a lab’s specific goals can be extremely helpful.
Finally, it’s also important to ensure that you’re measuring the right things for the right reasons and that you’re leveraging opportunities for meaningful improvement. As is often said, what can be measured can be improved. What’s also true is that data by itself is interesting at best. It’s what you do with the data that impacts performance and future viability.