Medical laboratory business plan and requirements

Medical laboratory business plan
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At present, there are many medical laboratory business plans to start, which can be a real challenge to start, but they generate great profits if it is assembled well.  Yes, something important for this business is that you understand at least something about this item. Because if you have the money to invest, but know nothing about it can be a waste of time and money. Also below we will talk about some things to consider, and how to set up a medical laboratory business plan.

Medical laboratory business plan

Medical laboratory business

As I said there are many types of laboratory business, therefore you should choose the one that best suits your business idea. There are clinical laboratories that are very profitable because they are important to be able to diagnose and treat different diseases. Without such services, doctors would not be able to interpret the symptoms of their patients. There are also scientific laboratories, which are mainly dedicated to advances in health and biological composition, which is very profitable.

Get the permission

Medical laboratory business

 

Once you already have an idea about what type of laboratory you will undertake, it is time to start investigating all the legal aspects of your area. In most cities, they do not allow to start a laboratory business if they do not have the permits and approval of the municipal offices. Therefore you should approach the offices and investigate what types of permits you need before making any investment. Remember not to pass the permits altogether, because if you start to set up the business without the permits, you can find it, and those fines are very high.

Find a correct location

select location for business

When you already have all the legal documentation, it’s time to select a location to set up the laboratory business. Ideally, it should be close to clinics and hospitals so that you can be close to customers. Also, keep in mind that the place has to be spacious so that you can accommodate all the laboratory equipment. Also, space is essential so that the medical team can work in a freer way and without problems.

Adequate staff

staff

The next step is to select the right personnel to work in your laboratory; the important thing is that they have experience and background in the field. That way you can ensure that your services will be effective. The people trained for this business are biochemists, biomedical, clinical pathologists and pharmacists/biochemists.

It is recommended to do a knowledge test to be sure that they will be able to use the services, remember that it is mandatory by law to offer constant training for their personnel.

Required equipment

Necessary Equipment:

  • Bunsen burners, gauze, and scissors.
  • Microscope.
  • Refrigerator and oven.
  • Water Distiller.
  • Chronometer.
  • Pipettes, pears, shelves.

For Biochemistry and Immunology:

  • Spectrophotometer
  • Pipettes, pears, tips, racks, tubes.
  • Kits and reagents.
  • Apparatus for measurements of Na, K, and Li.
  • Plates for ASO, PCR and RF and VDRL.
  • ELISA device.
  • Glassware in general.
  • Stirrer, funnel and filter paper.

For Urinalysis And Parasitology:

  • Tubes, sheets.
  • Toilet paper.
  • Lugol.
  • Kits and reagents.
  • Specific tubes for urine.
  • Reactive strips for the chemical analysis of urine.
  • Microscope.

For Hematology:

  • Homogenizer for tubes.
  • Color reagents, anti-sera A, B and D (Rh), Coombs serum, bovine albumin.
  • Pipettes, pears, shelves.
  • Tubes, sheets.
  • Hematological devices, Neubauer chamber.
  • Calculator, differential counter and the microscope.

For Microbiology:

  • Kits, reagents, colorants, etc.
  • KOH (Potassium Hydroxide)
  • Plates of Petri, handles, and needles of platinum, swabs, Bunsen burner.
  • Microscope.
  • Pipes, sheets, clips, paper.

Investment

As I said, a clinical laboratory is a big challenge both as a project and as an investment size, since it is a very profitable business, but at the same time, it needs a large investment. It is estimated that USD 240,000 is currently required, where only USD 100,000 goes to business structuring, reforms and contracting. And its return on investment is between 16 and 22 months (this depends on the location and the partnerships with the clinics).

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