As a Co-Founder and CEO, Suren Avunjian oversees all business growth, operations, and leads a team of best-in-class personnel at LigoLab Information System, a company that specializes in licensing advanced laboratory information systems for medical laboratories nationwide.
Avunijan is the creative force behind LigoLab’s strategic vision to build the most comprehensive and infinitely configurable laboratory operating platform available, and then deliver and support that platform with unlimited and unmatched customer service that helps laboratories succeed in their marketplace.
Founded in 2006, Los Angeles-based LigoLab is both private and profitable, and the company has been growing year-over-year in annual recurring revenue by an outstanding 120 percent.
LigoLab is known for its industry-changing enterprise-grade SaaS solution, the LigoLab LIS & RCM Laboratory Operating Platform™. The all-in-one platform includes modules for anatomic pathology, clinical pathology, molecular diagnostics, revenue cycle management, and direct-to-consumer, all on one powerful and integrated software infrastructure to maximize efficiency, market differentiation, and interoperability.
Unlike legacy systems, the LigoLab Platform not only supports every role, every department, and every case, it also empowers laboratories to better serve patients, to differentiate themselves in the marketplace, to quickly scale their operations, to become more compliant, and to be more profitable.
Before his co-founding of LigoLab with Partners Edward Kharatian (Co-Founder and Medical Director) and Anthony Oganesian (Co-Founder and CTO), Avunjian served as the CTO for Healthline Clinical Laboratories. While there, he played a leading role in helping Healthline become the largest privately held laboratory in California. He did this by managing the implementation of cutting-edge technologies that enabled the laboratory to scale up its testing volume by 20 times in just seven years.
Avunjian expertly leads LigoLab by applying his experience and operational excellence to drive strategy and innovation, and he possesses a keen sense for knowing when to take advantage of an opportunity to advance the company and enhance the platform for all of its laboratory partners.
An example of this is the launching of TestDirectly in March of 2020. TestDirectly is a direct-to-consumer web portal that facilitates safe and easy sample collecting and processing. In the early days of the Coronavirus pandemic, clinical laboratories were struggling with COVID-19 collection and reporting. TestDirectly eliminated those bottlenecks and more, making testing more accessible for patients, while also enabling labs to drastically increase capacity and improve turnaround times.
With a firm understanding of the laboratory industry and what the future holds, Avunjian is a highly sought-after industry voice, with regular thought-leadership appearances in leading publications like CAP Today, Clinical Lab Products Magazine, Clinical Laboratory News, Dark Daily, MedicalLab Management Magazine, and Medical Laboratory Observer.
Early in his career, Avunjian played a critical role in building several start-up businesses as well as advising well-established organizations. He oversaw the development and exit of numerous B2B software platforms, and his entrepreneurial journey eventually led him to the position of CTO with Healthline Clinical Laboratories. The lab was eventually acquired by LabCorp in 2006, prompting Avunjian and his partners to launch LigoLab.