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KPI Library
Navigate your organization to excellence with 15,468 KPIs at your fingertips.




Why use the KPI Library?

Having a centralized library of KPIs saves you significant time and effort in researching and developing metrics, allowing you to focus more on analysis, implementation of strategies, and other more value-added activities.

This vast range of KPIs across various industries and functions offers the flexibility to tailor Performance Management and Measurement to the unique aspects of your organization, ensuring more precise monitoring and management.

Each KPI in the KPI Library includes 12 attributes:

  • KPI definition
  • Potential business insights [?]
  • Measurement approach/process [?]
  • Standard formula [?]
  • Trend analysis [?]
  • Diagnostic questions [?]
  • Actionable tips [?]
  • Visualization suggestions [?]
  • Risk warnings [?]
  • Tools & technologies [?]
  • Integration points [?]
  • Change impact [?]
It is designed to enhance Strategic Decision Making and Performance Management for executives and business leaders. Our KPI Library serves as a resource for identifying, understanding, and maintaining relevant competitive performance metrics.

Need KPIs for a function not listed? Email us at support@flevy.com.


We have 88 KPIs on ISO 15189 in our database. KPIs in ISO 15189 implementation are vital for assessing the quality and competence of medical laboratories. They focus on accuracy of test results, turnaround times, and patient safety.

These metrics help laboratories in maintaining high standards of practice, ensuring reliability of diagnostic information, and enhancing patient care. KPIs support continuous improvement in laboratory processes and compliance with health and safety standards. They are essential for laboratories to gain and retain accreditation and trust in the medical community.

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$99/year
KPI Definition Business Insights [?] Measurement Approach Standard Formula
Accreditation Audit Non-conformity Rate

More Details

The number of non-conformities found during accreditation audits, which can indicate the overall compliance with ISO 15189 standards. Identifies the frequency of non-conformity issues during accreditation audits, signifying areas for improvement in compliance. Considers the number of non-conformities found versus the number of audits conducted. (Number of Non-conformities / Number of Audits Conducted) * 100
Audit Closure Time

More Details

The time taken to close findings from internal or external audits, reflecting the lab's responsiveness to compliance issues. Insight into the efficiency of the organization's audit process and the responsiveness to identified issues. The time taken to close an audit from the date it is opened. (Total Time to Close All Audits / Number of Audits Closed) in a given period
Automation Integration Level

More Details

The degree to which laboratory processes are automated, aiming to increase efficiency, reduce errors, and improve turnaround times. Reveals the efficiency of laboratory operations and potential for reducing manual errors and turnaround time. The extent of laboratory automation, including pre-analytical, analytical, and post-analytical processes. (Number of Automated Processes / Total Number of Processes) * 100
KPI Library
$99/year

Navigate your organization to excellence with 15,468 KPIs at your fingertips.


Subscribe to the KPI Library

CORE BENEFITS

  • 88 KPIs under ISO 15189
  • 15,468 total KPIs (and growing)
  • 328 total KPI groups
  • 75 industry-specific KPI groups
  • 12 attributes per KPI
  • Full access (no viewing limits or restrictions)

FlevyPro and Stream subscribers also receive access to the KPI Library. You can login to Flevy here.

Average Cost per Test

More Details

The average cost incurred for performing each laboratory test, reflecting the efficiency and cost-effectiveness of laboratory operations. Helps determine the profitability of tests and identify opportunities for cost reduction. Includes direct costs like reagents, labor, and instrument depreciation, and indirect costs such as overhead. (Total Costs associated with performing tests / Total Number of Tests performed)
Average Time to Proficiency for New Employees

More Details

The average amount of time it takes for new employees to reach proficiency in their roles, indicating the effectiveness of the training program. Indicates the effectiveness of the onboarding process and training programs. Measures the average duration of time it takes for new employees to reach proficiency in their roles. Sum of Time to Proficiency for All New Employees / Number of New Employees
Biobanking Specimen Integrity Rate

More Details

The percentage of biobanked specimens that maintain integrity over time, indicating the quality of biobanking practices. Indicate the effectiveness of biobanking procedures in preserving specimen quality over time. Percentage of samples maintained with integrity versus total samples stored. (Number of Intact Specimens / Total Number of Specimens) * 100

In selecting the most appropriate ISO 15189 KPIs from our KPI Library for your organizational situation, keep in mind the following guiding principles:

  • Relevance: Choose KPIs that are closely linked to your strategic objectives. If a KPI doesn't give you insight into your business objectives, it might not be relevant.
  • Actionability: The best KPIs are those that provide data that you can act upon. If you can't change your strategy based on the KPI, it might not be practical.
  • Clarity: Ensure that each KPI is clear and understandable to all stakeholders. If people can't interpret the KPI easily, it won't be effective.
  • Timeliness: Select KPIs that provide timely data so that you can make decisions based on the most current information available.
  • Benchmarking: Choose KPIs that allow you to compare your ISO 15189 performance against industry standards or competitors.
  • Data Quality: The KPIs should be based on reliable and accurate data. If the data quality is poor, the KPIs will be misleading.
  • Balance: It's important to have a balanced set of KPIs that cover different aspects of the organization—e.g. financial, customer, process, learning, and growth perspectives.
  • Review Cycle: Select KPIs that can be reviewed and revised regularly. As your organization and the external environment change, so too should your KPIs.

It is also important to remember that the only constant is change—strategies evolve, markets experience disruptions, and organizational environments also change over time. Thus, in an ever-evolving business landscape, what was relevant yesterday may not be today, and this principle applies directly to KPIs. We should follow these guiding principles to ensure our KPIs are maintained properly:

  • Scheduled Reviews: Establish a regular schedule (e.g. quarterly or biannually) for reviewing your ISO 15189 KPIs. These reviews should be ingrained as a standard part of the business cycle, ensuring that KPIs are continually aligned with current business objectives and market conditions.
  • Inclusion of Cross-Functional Teams: Involve representatives from various functions and teams, as well as non-ISO 15189 subject matter experts, in the review process. This ensures that the KPIs are examined from multiple perspectives, encompassing the full scope of the business and its environment. Diverse input can highlight unforeseen impacts or opportunities that might be overlooked by a single department.
  • Analysis of Historical Data Trends: During reviews, analyze historical data trends to determine the accuracy and relevance of each KPI. This analysis can reveal whether KPIs are consistently providing valuable insights and driving the intended actions, or if they have become outdated or less impactful.
  • Consideration of External Changes: Factor in external changes such as market shifts, economic fluctuations, technological advancements, and competitive landscape changes. KPIs must be dynamic enough to reflect these external factors, which can significantly influence business operations and strategy.
  • Alignment with Strategic Shifts: As organizational strategies evolve, consider whether the ISO 15189 KPIs need to be adjusted to remain aligned with new directions. This may involve adding new ISO 15189 KPIs, phasing out ones that are no longer relevant, or modifying existing ones to better reflect the current strategic focus.
  • Feedback Mechanisms: Implement a feedback mechanism where employees can report challenges and observations related to KPIs. Frontline insights are crucial as they can provide real-world feedback on the practicality and impact of KPIs.
  • Technology and Tools for Real-Time Analysis: Utilize advanced analytics tools and business intelligence software that can provide real-time data and predictive analytics. This technology aids in quicker identification of trends and potential areas for KPI adjustment.
  • Documentation and Communication: Ensure that any changes to the ISO 15189 KPIs are well-documented and communicated across the organization. This maintains clarity and ensures that all team members are working towards the same objectives with a clear understanding of what needs to be measured and why.

By systematically reviewing and adjusting our ISO 15189 KPIs, we can ensure that your organization's decision-making is always supported by the most relevant and actionable data, keeping the organization agile and aligned with its evolving strategic objectives.

KPI Library
$99/year

Navigate your organization to excellence with 15,468 KPIs at your fingertips.


Subscribe to the KPI Library

CORE BENEFITS

  • 88 KPIs under ISO 15189
  • 15,468 total KPIs (and growing)
  • 328 total KPI groups
  • 75 industry-specific KPI groups
  • 12 attributes per KPI
  • Full access (no viewing limits or restrictions)

FlevyPro and Stream subscribers also receive access to the KPI Library. You can login to Flevy here.




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