In today’s evolving healthcare market, it is important to make fully informed investments. Even when you know the up-front costs of an LIS or other IT system, you may not realize the full cost of the product throughout its lifespan. Calculating total cost of ownership (TCO) helps you understand costs that are not as transparent as the initial purchase price, providing a more complete picture that can allow you to make an informed decision about the LIS that best fits your budget and your laboratory.