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How to Modernize Your Lab and Make Money Doing It

How to Modernize Your Lab and Make Money Doing It

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First, a little bit about me.

After 20 years of working in professional sports, I recently took a chance and applied my Public Relations skills and expertise in another forum. 

LIS laboratory information system software technology! 

Yes, at first glance, there wouldn’t seem to be a lot of commonality between the two.  Sports are all about who won and who lost.  It’s very black and white.  It’s also very emotional for those involved in the day-to-day operations, and for the fans who invest their time and money by supporting the team.    

At first, I’ll admit that I felt lost.  There were several new words and terminologies to learn, and I, like most people, had never thought about what happens to a healthcare specimen in a medical lab.  

What are laboratory information systems?  Why do medical labs need effective laboratory billing solutions and advanced lab revenue cycle management (lab RCM)?  

I didn’t have a clue.

Learn More: Transforming Patient Care: The Power of Laboratory Information Systems (LIS) in Healthcare

But over the past couple of months, I’ve taken a deep dive into LIS software and lab billing technology, specifically into the world of the pathologist and the land of laboratory information systems. While doing so, I’ve found similarities between athletes and pathologists. 

Provide them with the necessary resources and tools, and they can accomplish amazing things.

In professional sports, it takes a team effort to be successful, and team effort goes beyond the players and coaches to include every department within that organization (scouting, development, ticket sales, marketing, communications, analytics, etc.). 

Most important of all is ownership.  If ownership has a unified vision, believes in the organization’s leadership, and invests valuable resources, that organization can flourish both on the field of play and with increased value in the marketplace.

I’ve quickly found that investing money and resources into a professional sports franchise is akin to using the newest medical LIS and RCM cycle technology to improve efficiencies, laboratory workflow management, and the time from order entry to results in a pathology or clinical lab. 

Industry Insights: Process Improvement and Advanced Technology to Help Relieve Laboratory Staffing Burden

Modern medical labs know that the keys to growth and improved patient care are connected by LIS systems that they can use as powerful diagnostic lab software tools to drive business growth, reduce labor costs, increase revenue, and reduce errors/risk.

Great teams win on the field, at the rink, or on the court.  Great laboratory information system companies win with new technologies that empower lab employees to be more efficient, productive, and make customers happy.

Case Study: How Eastern Connecticut Pathology Consultants Tripled its Productivity and Increased its Net Collections by 35 Percent

LigoLab: Uniting the Lab with a Single, Seamless Platform for Medical LIS and Lab RCM Workflow

LigoLab is blessed to have ultra-talented pathology lab reporting software engineers who created the business enterprise’s all-in-one lab information system and lab revenue cycle management platform. 

Ligo in Latin means “to unite,” and that’s what the LigoLab platform does for its partner labs. It’s one comprehensive and flexible pathology software solution that unites all aspects of the lab.   

“When LIS software technology is done right, the extraordinary becomes ordinary,” said Suren Avunjian, LigoLab’s CEO. “The lab workflow becomes intuitive, efficient, and invisible…a part of your thinking process.” 

Avunjian continued, backed by performance metrics.

“The results shown by our partner laboratories are that they significantly grow their practices, optimize clinical laboratory management, and eliminate errors and safety issues with our LIS lab solution,” he said.

Add a faster turnaround time for patients and providers/clinicians/doctors to learn the results of their tests, and you have a winning combination. 

Learn More: Best LIS Software - Maximize Growth With Cutting Edge Pathology Lab Management Software

Why Forward-Thinking Labs Choose LigoLab: Scalable LIS System and Lab Billing Innovation Without the Upfront Cost

While researching on the job, I quickly learned that today’s pathology and clinical laboratories are under so much pressure.  Patient volumes are rising, and reimbursements for services provided are being cut.  Modern-day labs must adopt innovative LIS lab technologies and processes to improve relationships with customers and partners, streamline operations, and maximize value.

Learn More: Leveraging LigoLab for Optimal Return on Investment: An LIS System Guide for Lab Directors

LigoLab offers robust pathology information system solutions for labs, regardless of their size. That includes innovative revenue cycle management tools, all on a single integrated lab pathology software infrastructure.  It meets specific client needs because the integrated LIS lab platform is very configurable.

Unlike a traditional, legacy laboratory information system, LigoLab doesn’t require a major upfront capital investment or licensing fees. Instead, it offers aligned pricing that facilitates the lab and LigoLab growing together.  

Learn More: The Benefits of a Modern Pathology Lab Management System

In professional sports terms, choosing LigoLab means labs don’t have to shell out for a high-priced free agent with a hefty signing bonus just to stay competitive. Instead, LigoLab’s model is like drafting and developing top in-house talent - a smarter, more cost-effective strategy that builds long-term success.

So can you modernize your lab and make money at the same time?  Yes, you can! 

“We have finally reached our vision of having an all-in-one medical LIS and lab RCM solution that’s able to serve every department and every process in a laboratory from operations to finances,” said Avunjian.  “With a product and LIS lab solution like this, we’re ready to serve the market. To bring awareness and replicate what we’ve done successfully with many other clinical labs and pathology groups nationwide.”

Learn More: LigoLab Informatics Platform: Uniquely Designed to Deliver Maximum Value

If you’re exploring modern LIS software solutions, choose the platform that unites every aspect of your lab - from operations to laboratory billing - on a single, configurable lab information system. LigoLab delivers advanced automation, real-time analytics, and seamless RCM process integration to help your lab boost efficiency, reduce errors, and scale confidently. Experience the power of an informatics platform built for the future of laboratory medicine.

Speak with a LigoLab Product Specialist!

Michael Kalinowski joined LigoLab in August of 2019.  LigoLab is a privately owned and profitable LIS company that has called the Los Angeles area its home since 2006.

Michael Kalinowski
Author
Michael Handles Marketing and Communications for LigoLab

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Meet with our product experts and learn how LigoLab helps clinical labs and pathology practices digitally transform into modern, efficient, and profitable organizations.  
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We respect your privacy
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Thank you!

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