One aspect of laboratory management is calculating and tracking the productivity of laboratory personnel.
Definition: One full-time equivalent (FTE) is an employee working 40 hours per week, or 2080 hours per calendar year (assuming paid vacation)
number of billable tests performed per day =
= (number of billable tests done in month) / (number of work days in month)
number of FTEs working per day =
= ((numbers of hours worked in month) * (number of shifts per day)) / ((number of work days in month) * (number of hours lab open per day))
billable tests performed per FTE per day =
= (number of billable tests performed per day) / (number of FTEs working per day)
