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

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 technology advancements are already revolutionizing medical labs and pathology groups while creating tighter bonds between providers and patients and enabling better healthcare outcomes.

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

The Impact Of Current Technology On The Future Of Medical Laboratories

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 laboratory information systems (LIS systems) 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 workflow. 

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

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 lab billing revenue, attract and retain more customers, and run a better overall business.

While optimistic about the future, Avunjian also cautioned those in the lab industry that fail to modernize. In his view, embracing tech is the counterbalance needed for labs to overcome organizational threats like shrinking margins, a shortage of qualified personnel, and competitive and regulatory pressures. 

On-Demand Webinar: Leverage LIS System Rules, Automation, and Data Analytics to Increase Efficiency and Cut Costs

Avunjian continued by offering examples of how medical labs can be assured of a successful future. 

First on his list was acquiring a robust data management system (laboratory information system or laboratory information management system) to manage the ever-increasing amount of lab-generated data. The better the data management, the greater the insights pulled from the data benefiting clients and patients. He recommended going with a data management/LIS company that aligns with a lab’s growth plans and 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.

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

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, 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 experience, saying 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 medical laboratories open to change and built on flexibility will be in an enviable position to take advantage of new opportunities.

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

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 nearly two decades at the helm of LigoLab, an enterprise LIS system software company specializing in highly customized pathology lab solutions (LIS systems, laboratory billing solutions, 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.

LigoLab’s Laboratory Information System and Lab Billing Platform 

Avuniian and his colleagues 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 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. 

Here’s a summary of LigoLab’s tiered pricing options all of 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 solution incorporates advanced modules and features for enhanced laboratory workflow management, seamless interoperability, and 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 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 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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