Scenario:

As the Laboratory Director, you are responsible for the developing a budget to meet the needs for an effective and productive laboratory. You have been working long days to sketch out an effective budget, including meetings with the Chief Financial Officer (CFO) and other members of the lab leadership team. Finally, after nearly 6 weeks, you submit your proposal for approval. Ten days later, you receive an email from the CFO indicating that the proposed budget will need to be revised to show an 8% reduction, or in other words, your perfect budget needs to be cut by 8% in all areas of service while still maintaining the same level of quality lab testing.

Questions:

1. As one of types of Communication, how will informational type can be used to communicate the new budget changes to the laboratory personnel.
2. Describe a strategy that can be implemented to retain all laboratory employees but at the same time, reduce expenses associated with Labor costs with minimum impact to patient care or testing quality.
3. Propose one revenue generator specific to the lab to help offset the necessary budgetary loss. Explain how this new source of income can help offset the budget cuts.