LIS Company CEO Discusses How Technology is Impacting the Future of Medical Labs

In a recent Forbes Business Council article, LigoLab CEO Suren Avunjian shared his optimism for the future of medical laboratories. He noted that innovation and technological advancements are already transforming clinical laboratory management, strengthening connections between providers and patients, and driving improved healthcare outcomes.

To read the full article, click on the link below:

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Key Takeaways from the Avunjian Article

In the article, Avunjian first referenced an exciting and ongoing digital transformation that’s reshaping healthcare. He next highlighted artificial intelligence (AI) as a prime example of how the healthcare community has embraced innovation.

As the leader of a laboratory information system software company that produces enterprise-level LIS systems with integrated and advanced laboratory billing solutions, Avunjian also noted the growth of digital pathology and the availability of laboratory software systems that seamlessly automate most lab workflows. 

Discover More: Comparing LigoLab Informatics Platform with Legacy Laboratory Information System Software

Why Modernization is Essential for the Future of Medical Labs

For medical laboratories, Avunjian emphasizes that modernization is key to staying relevant and profitable. He believes the most successful labs of the future will be powered by technological advancements that deliver greater efficiency, improved accuracy, and stronger collaboration across the healthcare continuum.

By adopting advanced laboratory software systems, such as the LigoLab Informatics Platform, labs can become fully tech-enabled, boosting productivity while reducing operational costs. This transformation equips them with the tools needed to increase lab billing revenue, attract and retain more customers, and run a stronger, more competitive business.

While confident in the opportunities ahead, Avunjian also warns that labs that resist modernization risk being left behind. In his view, embracing technology is the critical counterbalance to industry challenges such as shrinking margins, a shortage of qualified staff, and mounting competitive and regulatory pressures.

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How Medical Labs Can Position Themselves for Long-Term Success

Avunjian outlined several strategies to help medical labs secure a successful future. At the top of his list was investing in a robust data management system, whether a laboratory information system (LIS) or a laboratory information management system (LIMS), capable of handling the growing volume of lab-generated data. The stronger the data management capabilities, the more valuable the insights derived, benefiting both clients and patients.

He advised choosing a data management or LIS or LIMS provider that aligns with the lab’s long-term growth goals and has a proven history of building lasting partnerships grounded in shared interests and values.

Avunjian also stressed the importance of prioritizing data exchange. This means standardizing data formats across all lab workflows and eliminating data silos that hinder interoperability.

Discover More: Automate Complex Processes & Simplify Clinical Lab Operations with LigoLab Informatics Platform

Leveraging Partnerships and Embracing Agility for Competitive Advantage

Avunjian encouraged medical labs to consider partnering with technology companies and other stakeholders whenever possible. Rather than reinventing the wheel or venturing outside their core expertise, labs can leverage the specialized talent and resources of tech companies that excel in their respective fields. By outsourcing these capabilities, lab operators can focus on what they do best, delivering premium services to physicians and patients.

He also emphasized the importance of agility and adaptability when adopting new, more efficient technologies. Drawing from his own experience, Avunjian noted that organizational flexibility and an open-minded culture are essential for successfully implementing solutions that address long-standing challenges.

In closing, Avunjian pointed out that what may be seen as disruption by some can be a prime opportunity for others. Labs that embrace change and operate with built-in flexibility will be well-positioned to capitalize on emerging opportunities in the industry.

Editor’s Note: This was one of several articles penned by Avunjian for Forbes Business Council. Additional articles are listed below.

Enhancing Patient Care With Electronic Health Records And Laboratory Information Systems

Reducing Medical Waste And Cost With Just-In-Time Testing

Funding Versus Bootstrapping For An Enterprise Software Company

Learn More About the Author

Suren Avunjian has established himself as a thought leader in the laboratory industry, renowned for his expertise and strategic insights. As a regular contributor to the Forbes Business Council, Avunjian leverages his extensive experience as a former laboratory chief technology officer and two decades at the helm of LigoLab, an enterprise LIS system software company specializing in highly customized pathology lab solutions (such as LIS systems, laboratory billing solutions, and direct-to-consumer lab testing).

Avunjian’s unique ability to bridge the gap between complex technical topics and actionable business strategies sets him apart. His thought-leadership articles distill intricate industry challenges into clear and compelling narratives, providing invaluable perspectives that empower labs to innovate, adapt, and thrive in a rapidly evolving landscape.

Discover More: LigoLab Helps Lab Directors Get a Healthy Return on Their Laboratory Information System (LIS) Investment

LigoLab’s All-in-One Laboratory Information System and Lab Billing Platform 

Avuniian and his colleagues at LigoLab understand that selecting the best LIS software and laboratory billing solutions for your clinical lab or pathology group is mission-critical with no room for error. That’s why they’ve assembled a talented team of product specialists to guide you and your organization while selecting the advanced LIS system solution that best aligns with your lab’s business goals.

And that’s not all. The LIS company goes even further by offering flexible pricing to match the flexibility of the laboratory information system software. 

LigoLab’s Tiered Pricing: Scalable LIS Solutions for Every Lab Size and Need

Here’s a summary of LigoLab’s tiered pricing options, which have been developed to counter the lab industry’s one-size-fits-all approach to laboratory information systems and pricing. 

Essential Tier: A dependable laboratory information system tailored to address the core needs of small laboratories specializing in pathology, molecular diagnostics, and reference testing.

Professional Tier: Building on the Essential Tier, this LIS system solution incorporates advanced modules and features that enhance laboratory workflow management, create seamless interoperability, and provide comprehensive operational informatics.

Advanced Tier: A cutting-edge laboratory information system delivering unparalleled efficiency, extensive customization, robust automation, and superior operational intelligence, setting a new standard in LIS software solutions.

Enterprise Tier: A powerful laboratory information system designed to deliver unparalleled flexibility and control, tailored to meet the demands and scale of the largest organizations and laboratories.

Autonomy and Best-in-Class Support

LigoLab enables laboratories to control their entire lab ecosystem, eliminating any reliance on external lab vendors. This autonomy enhances agility, streamlines operations, and maximizes automation, allowing labs to adapt quickly to the ever-evolving healthcare landscape. 

Backed by industry-leading support and proven best practices, LigoLab empowers labs to optimize their technical workflows and financial performance, driving sustainable growth and operational excellence.

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