LIS Company CEO Discusses how Technology is Impacting the Future of Medical Labs
November 28, 2023
In a recently published article for Forbes Business Council, LigoLab CEO Suren Avunjian expressed optimism for the future of the medical laboratory. He said innovation and advances in technology are already revolutionizing the way labs work and collaborate, and they’re creating tighter bonds between providers and patients that enable better healthcare outcomes.
To read the full article, click on the link below:
Avunjian referenced the digital transformation that’s well underway in healthcare, calling it exciting, and he presented the expanded use of AI as an example of how quickly things can change for the better when a new innovation is embraced by the healthcare community.
As the leader of a LIS software company that produces enterprise-level laboratory information systems (LIS) for clinical and reference laboratories and anatomic pathology groups, Avunjian also made note of the growth of digital pathology and the availability of laboratory software systems that seamlessly automate most lab workflows.
For medical labs in particular, Avunjian believes they need to modernize to remain relevant and profitable. He said the most successful future labs will be driven by technological improvements that lead to more efficiency and accuracy, and much better collaboration within the healthcare continuum.
By leveraging new laboratory software systems like LigoLab Informatics Platform, these labs will become tech-enabled and benefit from a boost in productivity and lower operational costs. In short, they’ll have the tech tools necessary to raise more revenue, attract and retain more customers, and run a better overall business.
While he’s optimistic about the future, Avunjian also had a word of caution for those in the lab industry that fail to modernize. In his view, embracing tech is the counterbalance needed for labs to overcome constant threats like shrinking margins, a shortage of qualified personnel, and competitive and regulatory pressures.
Avunjian continued by offering examples of how medical labs can prepare for what the future holds.
First on his list was the acquisition of a robust data management system (lab information system) that can manage the ever-increasing amount of lab-generated data. The better the data management, the greater the insights that can be pulled from the data for the benefit of both clients and patients. He recommended going with a data management/LIS company that truly aligns with a lab’s growth plans and that has a proven track record of successful long-term partnerships based on shared interests and values.
The successful exchange of data should also be a priority. Seek standardization of data formats across all lab workflows and the removal of data silos that prevent interoperability.
Partnering with tech companies and other stakeholders should also be considered when applicable. There’s no need to reinvent the wheel and go outside of your business expertise when you can leverage the talent and resources provided by tech companies that excel at what they do. By outsourcing this talent, lab operators can focus more on what they do best, and that’s providing the physician and the patient with premium services.
Avunjian wrapped up the article by stating the importance of agility and adaptability when bringing on new and more efficient technologies. He referenced his own experience, saying that top-to-bottom organizational flexibility and an open-minded culture are important when implementing new solutions to address old problems.
Avunjian closed by saying that disruption for some is an opportunity for others, and that it’s his belief that medical laboratories open to change and built on flexibility will be in an enviable position to take advantage of new opportunities.
Read the full article here:
Note: This is the second article penned by Avunjian for Forbes Business Council. To read his first article, click on the link below:
Set Your Lab Up for Long-Term Success with LigoLab’s Laboratory Information System
After having been in the laboratory information system (LIS) business for nearly two decades, we at LigoLab understand that selecting the right informatics solution for your clinical lab or pathology group is a mission-critical decision with no room for error. That’s why we’ve assembled a talented team of product specialists to guide you and your organization through the selection of an advanced LIS solution that best aligns with your lab’s business goals.