Thomas P. Joseph, MBA, MT(ASCP)

Mr. Joseph’s financial experience includes development of numerous financial plans and valuations for laboratory joint ventures, consolidations and outreach programs. Consolidation projects have ranged up to a two-system, 18-hospital consolidation. His financial models provide executives with informed decision support by presenting both system-level and hospital-level benefit and ROI comparisons. His RVU System for laboratory procedures has formed the basis for ongoing productivity monitoring and equitable transfer fees schedules.

He has particular expertise in assessment and improvement of outreach program profitability. He has performed numerous profitability assessments, presented at two national conferences on the subject and was cited as an “expert” on outreach program profitability by the Washington G-2 Laboratory Industry Report (July 2002). His profitability studies have included assessments at the business segment and client level, allowing clients to refine pricing and market strategies to improve overall program profitability.

Mr. Joseph has worked with clients to assess and improve operations using Lean manufacturing principles. His data mining expertise and on-site assessments identify a wide variety of operational problems and inefficient practices in different areas of the laboratory. He has designed Lean work cells to create smooth workflow and improve performance and developed highly efficient Lean designs for clinical and anatomic pathology laboratories. His long range space planning process models growth in activity, measures current process capacity and develops the proper allocation of space and workstations to accommodate growth and organizational changes. He has developed laboratory unique relative value unit systems and benchmarking services for the laboratory industry.

Mr. Joseph holds a BS in Medical Technology from the University of Michigan and an MBA with distinction in corporate finance from the Graduate School of Business Administration (Ross School of Business) at the University of Michigan. He was certified in Lean Manufacturing by the University of Michigan’s College of Engineering in 2003.