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Take Back Control of Your Practice with LigoLab's Sub-Licensing Arrangement
January 9, 2025
Here’s a recent example of a customer who took advantage of sub-licensing LigoLab’s LIS lab information system software license to his lab’s client base.
The President/CEO of a fast-growing Illinois lab operation had previously partnered with LigoLab to provide laboratory billing solutions for physicians around the country, allowing them to take back control of their practices through the shared use of LigoLab’s all-in-one laboratory information system (LIS) and laboratory revenue cycle management (lab RCM) platform.
Here’s LigoLab CEO Suren Avunjian announcing the details of the partnership.
“The lab needed an anatomic pathology LIS workflow and a new laboratory billing software solution to position its partner laboratories for aggressive growth in the marketplace,” said Avunjian. “We had them up and running on our comprehensive LIS system and laboratory billing software in a week. The group was motivated to go live quickly because they already had contracts and customers to service.”
Learn More: Reduce Denials and Stop Revenue Leakage With Integrated Laboratory Billing Management
Flexible and Highly Scalable Pathology Lab Software
Avunjian said the CEO realized early LigoLab’s vision for empowering clinical labs and pathology groups to grow and thrive through one complete LIS system laboratory platform. Right away he saw the potential to grow his business quickly and extend his business model to his customers by taking advantage of LigoLab’s client-friendly sub-licensing agreement.
As a forward-thinking LIS company, LigoLab (in Latin ligo means “to unite”) permits its clients to sub-license to their customers the full capabilities of LigoLab’s medical LIS and lab RCM platform at no additional cost. This means LigoLab clients (at their sole discretion) can offer these advanced laboratory information and lab billing software capabilities to their customers, too.
Learn More: The LigoLab Difference: Demonstrating the Power of Lab RCM Automation in the Clinical Laboratory
This sub-licensing agreement has enabled the CEO to approach large pathology groups, who can take back control of their practices by partnering with him and using the LigoLab platform.
“I have an 18-physician pathology lab that I’m about to sign,” said the CEO. “In a partnership such as this, they can start to put the revenue back into their own pockets instead of that money going to big industries such as hospitals and big, corporate labs.”
Taking Control with LigoLab’s Advanced Lab Management System
Taking control of your lab’s operations should get your attention, especially considering the current state of the lab industry.
“If you look at how the scales are tipped, it’s medical device companies, insurance companies, pharmaceutical companies, and big, massive labs making the money,” continued the CEO. “Physicians are trying to do anything they can to stay alive and it’s not easy. That’s why the goal is to drive more money back into a physician’s practice.”
The CEO also said he’s currently in discussions with other large physician groups thanks to the capabilities and laboratory information system functions embedded within the LigoLab platform.
“It’s a very technical LIS lab system, and it has a ton of capability,” he said. “You can customize the LIS software any way you want it. It’s a very agile and scalable LIS medical platform. We’ll be at triple the volume of daily specimens in six months, so we needed the power and the capability behind our LIS system to handle that rapid growth and volume.”
For LigoLab and Avunjian, that plan and volume growth are welcome aspects that highlight the power behind this powerful pathology software.
“His lab provides the laboratory billing service and the first line of support and training for his partner laboratories. We provide all of the LIS system software tools, support, and the know-how, and he’s out there rolling out the platform,” said Avunjian.
Flexible and Cost-Effective Laboratory Information System Software Platform
LigoLab's sub-licensing agreement offers pathology practices a flexible and cost-effective way to access its comprehensive laboratory information system and lab revenue cycle management platform without requiring a significant upfront investment in pathology lab software ownership. This model provides several key benefits tailored to the needs of pathology practices:
Cost-Efficiency: LigoLab’s sub-licensing agreement shifts the financial burden from large, upfront capital expenditures to predictable operational expenses. Pathology practices can access state-of-the-art medical LIS technology without prohibitive initial costs, making it more accessible for smaller or budget-conscious organizations.
Scalability: With this sub-licensing approach, pathology practices only pay for what they need, based on their size, scope, and testing volume. This flexible scaling ensures that the LIS system in lab solution can grow alongside the practice, accommodating increased demand without requiring renegotiations or significant adjustments.
Continuous LIS Software Upgrades: LigoLab ensures that sub-licensed platforms are always up-to-date with the latest features, functions, and regulatory compliance measures. This eliminates the need for practices to manage costly and time-consuming LIS software upgrades independently.
Comprehensive Support: The licensing agreement includes access to LigoLab’s customer support, training, and technical assistance, ensuring that pathology practices can optimize their use of the LIS system software and address any issues promptly.
Enhanced Productivity and Laboratory Workflow Management Optimization: By sub-licensing the LigoLab platform, pathology practices gain access to advanced features such as:
- Automated Laboratory Workflow Management: Streamlining and simplifying case processing from specimen handling and accessioning to final reporting.
- Customizable Reporting: Generating detailed and compliant pathology reports tailored to client or regulatory requirements.
- Laboratory Billing and Lab Revenue Cycle Management: Ensuring an accurate and efficient laboratory billing process that captures all reimbursable revenue.
Focus on Core Competencies: Sub-licensing allows pathology practices to focus on their primary mission - delivering high-quality patient care - without being bogged down by IT management or infrastructure concerns.
Facilitating Collaboration and Integration: The LigoLab platform supports integrations with other healthcare systems, including electronic health records (EHRs) and external diagnostic lab software platforms. Sub-licensing agreements ensure that pathology practices can seamlessly interact with their broader healthcare ecosystem, enhancing collaborative care delivery.
By adopting a sub-licensing agreement with LigoLab, pathology practices can elevate operational efficiency, reduce administrative burdens, and focus on delivering top-notch diagnostic services, all while maintaining financial and operational flexibility.
Learn More: The Benefits of a Modern Pathology Lab Management System
Learn More About LigoLab’s Enterprise LIS System Software
LigoLab is a thriving pathology lab software business in Los Angeles. The LIS company specializes in laboratory information system software licensing for mid-to-large-sized pathology and clinical laboratories.
LigoLab’s lab information system client base continues to grow thanks to the LIS software vendor’s approach to sub-licensing, its unique tiered pricing model, and its all-in-one LIS laboratory solution for technical and financial operations.
Learn More: LigoLab Informatics Platform: Uniquely Designed to Deliver Maximum Value
