Top 10 Lab Management Consulting/Services Companies - 2019
healthcaretechoutlook
Agilent Technologies: Driving New Quality Standards

Top 10 Lab Management Consulting/Services Companies - 2019

Today’s modern labs are generating huge amounts of data and processing more samples than ever before. Thus, laboratories are looking for effective innovations that can manage this support and enhance their operations. The global clinical laboratory services market size is expected to reach $326.97 billion by 2025 and is projected to grow at a CAGR of 6.4 percent. The major factors responsible for the growing preference for lab management services are increasing demand for effective management and tracking of data quality, bio-species location, security, compliances, end-user billing, patient demographics, improvement in database management tools, introduction of integrated workflow management systems, and wide acceptance of point-of-care (POC) testing solutions are some of the key factors driving the market. In addition, the unfulfilled medical needs about disease management along with the subsequent rise in patient awareness levels are also expected to spur the market growth.

The lab management service market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. According to the industry analysis, it has been observed that the laboratory management system vendors are increasing focus on investments in research and developmental activities to develop next-generation healthcare IT. The emergence of software as a service (SaaS)-based lab management systems will drive the growth prospects for the global market in the near future. Some of the benefits associated with the installation of SaaS-based lab management systems include improved efficiency of the processes in research centers and laboratories and advantages over the traditional systems such as better flexibility and short implementation time. Furthermore, the on-premise segment accounted for the majority market share during 2018 and will continue to dominate the market. One of the major factors responsible for the growing preference for the deployment of on-premises is its ability to provide better control over data to professionals. The presence of an effective regulatory structure to oversight the laboratory operations will have a positive impact on the market expansion. Clinical laboratories are forced to meet the standards and guidelines established by CLIA. This results in safe and effective implementation of clinical workflows to improve patient outcome, thereby driving the demand for laboratory management services. Market participants have undertaken several strategies to strengthen their industry position—vendor companies are focusing on establishing mutually beneficial alliances as well as assisting healthcare organizations in scaling up their product portfolio. North America is the leading regional market due to the high penetration of novel diagnostic techniques, while APAC is projected to be the fastest-growing regional market owing to numerous untapped growth opportunities in medical research and presence of low-cost production facilities in the region.

This edition of Healthcare Tech Outlook brings you the “Top 10 Lab Management Consulting/Services Companies 2019.” This list gives you some of the most prominent organizations in the industry that have excelled with their services portfolio in the parking management space. This list is aimed at bridging the gap between businesses and consulting/services providers that are transforming business processes through their insights and technological prowess.  

Top Lab Management Technology Consulting/Services Companies

Agilent provides laboratory services to including instruments, software, and full range of scientific and laboratory management needs to analytical scientists and clinical researchers worldwide. Agilent provides laboratory solutions to meet their full spectrum of needs for environmental testing, academic research, medical diagnostics, pharmaceuticals, petrochemicals or food testing. Agilent works closely with customers to help address global trends that impact human health and the environment, and to anticipate future scientific needs. Agilent solutions improve the efficiency of the entire laboratory, from sample prep to data interpretation and management

www.agilent.com

Founded more than a decade ago, Millenium Health is a pioneer in drug testing services. The company's unique service suite enables clinicians and medical practitioners to monitor the use of prescription medications and illicit drugs, and assess the degree of impact treatment plans could make. The three most noteworthy services of Millenium Health's that deserve a special mention are MILLENIUMPGT, MILLENIUMUDT, and intellium. While MILLENIUMPGT facilitates effective Pharmacogenetic testing, intellium and MILLENIUMUDT plays a vital role in Urine Drug Testing & Oral Fluid drug Testing.

www.millenniumhealth.com

Practisource offers full-service in medical billing and Accounts Receivable Management and is a trusted partner of several reputed healthcare organizations worldwide. Practisource's service suite is aimed at maximizing medical service reimbursement for its clients and give them a unique competitive edge. The firm works closely with its clients to increase revenue, reduce the number of days spent in Accounts Receivable, mitigation of staffing concerns and enhancing workflow efficiencies. Practisource gives client organizations complete visibility to their data history, 24 hours a day and 7 days a week

www.practisource.com

Headquartered in Matthews, NC, Tangible Solutions is a recognized pioneer in the healthcare data technology space. The mission at the company is to connect healthcare communities that are seperated by geography and different operating systems by deploying interoperable and agile solutions. At Tangible Solutions the team is dedicated in building relationships with their clients, and offers them continuous support any time that it is required. The highly acclaimed technology firm educates its end-users on all the processes that run within its platforms making sure that it is well understood, and that clients can derive the best feedback and make the most out of it

www.tangible.com

Atlanta Based Systems

Atlanta Based Systems

With over 40 years of experience in the dental lab industry, Atlanta Based Systems has developed the most innovative and comprehensive dental lab management software on the market today. The ABS Evolution system gives dental laboratories the ability to proactively manage case scheduling, throughput and delivery issues, resource allocation and CRM (Customer Relationship Management) functionality in an easy-to-use graphical solution. ABS’ solution gives dental laboratories the tools to run their business effectively, reduce the margin of error, centrally manage all aspects of laboratory management and improve profit margins

J.R. Constance & Associates

J.R. Constance & Associates

J.R. Constance & Associates is a Clinical Laboratory Management Consulting company specializing in providing consulting services for hospital or health system based laboratories in a variety of areas. These include Operations Assessment/Enhancement, Process and Productivity Improvement, Restructuring & Consolidation, Compliance Assessment, Laboratory Outreach Program Assessment & Development, Cost Accounting and Pricing Strategy, Blood Utilization Management Assessment, Assistance with Contract Negotiation/Renegotiation, Interim Management Consulting, Strategic Planning, CLIA Consulting, Mock Accreditation Inspections / Inspection Recovery (CAP, Joint Commission, COLA, CLIA), On-site Laboratory Leadership Training, and LIS Implementation Project Management

LabStar

LabStar

LabStar Software helps dental labs build better businesses. LabStar provides simple, cloud-based dental lab management software that organizes all the moving parts of a lab's business and helping improve client management. Today, 500 dental labs around the world use LabStar, and the firm remains focused on building software that helps dental labs build better businesses and effortlessly increase productivity and quality. The firm spends thousands of hours of each year researching how labs operate and staying at the cutting edge of technology as LabStar continuously improves itself

LabVantage

LabVantage

LabVantage Solutions, Inc. is the leading global laboratory informatics provider. Our industry-leading LIMS and ELN solution and world-class services are the result of 35+ years of experience in laboratory informatics. LabVantage offers a comprehensive portfolio of products and services that enable companies to innovate faster in the R&D cycle, improve manufactured product quality, achieve accurate recordkeeping and comply with regulatory requirements. LabVantage domain experts advise customers on best practices and maximize their ROIs by optimizing LIMS implementation with a rapid and successful deployment

LabWare

LabWare

LabWare is a privately owned company with an extensive global product delivery and support laboratory infrastructure and informatics professionals around the world. Labware Offers software, professional implementation services and validation assistance, training, and world class technical support to ensure clients get the maximum value from their products.The company conducts all thier research and development activities in its worldwide headquarters located in Wilmington, Delaware, U.S.A., LabWare has invested in establishing sales and support facilities around the world to provide the best possible support to its customers in over 90 countries. LabWare employees have an average of 10+ years of industry experience, and many with more than 15+ years

Sunquest Information Systems

Sunquest Information Systems

Based out of Tucson, AZ, Sunquest Information is a market leading provider for diagnostic and laboratory information systems to healthcare providers worldwide. Having more than three decades of experience, Sunquest presently deploys its solutions at more than 1700 laboratories, and has amassed a staggering 300,000 end-users. With an approach that focuses on pathology, Sunquest has a premium outreach program that substantially improves quality of patient care. The company delivers interoperable solutions that optimize business resources and empowers physicians with diagnostics that enable them to deliver state of the art remedial solutions to individuals under their protection