ID Tech Molecular02.24.22
It was only a matter of time before the Uber platform found its way into healthcare.
And that time has arrived, courtesy of ID Tech Molecular, a $50 million molecular laboratory firm that has launched a mobile platform (The Lab Genius) that provides specimen collection services at consumers' homes, public facilities, or workplaces through an "integrated Uber-style" business model.
“Fast processing of lab testing and diagnosis is oftentimes the difference between effective and ineffective treatment and even mortality. Just like grocery stores have pivoted to offer home delivery to better suit the needs of their consumers, it’s about time the healthcare industry stepped up and offered an immediate option for home-based healthcare without the hassle of long wait times, more than four-day returns on specimen collections and complicated result deliveries,” said Nile Thompson co-founder and CEO. “With The Lab Genius, patients of all ages and health conditions can now do everything within the comfort of their home and feel in control of their health assessments as it’s done by highly skilled and trained phlebotomist through our network. It’s our goal to assist our patients in regaining control of their health and being an active participant of the greater solution.”
Some studies predict that upwards of 80 percent of all primary care visits will be conducted at patient’s homes or virtually through telemedicine in the coming years; thus, The Lab Genius aims to provide affordable, on-demand and appointment-based specimen collection services to private residences, telemedicine patients, concierge providers, traditional medical clinics, assisted-living and skilled-nursing facilities throughout the United States and eventually the globe. Offering many services and features that other mobile platforms don’t provide, including a live map, streamlined payment systems, immediate caregiver access, EMR integration and a better online experience, The Lab Genius aims to reduce the time between home-based lab orders and lab results from seven days to seven hours.
Comprised of a rapidly growing, national network of labs that boasts less than a two-hour radius from the consumer back to the laboratory, The Lab Genius is primed to be the fastest and most innovative, home-based health services provider on the market through:
The company is currently seeking investor funding to allow it to deploy this service on a broad scale and deliver easier and efficient mobile specimen collection to a wide range of customers.
And that time has arrived, courtesy of ID Tech Molecular, a $50 million molecular laboratory firm that has launched a mobile platform (The Lab Genius) that provides specimen collection services at consumers' homes, public facilities, or workplaces through an "integrated Uber-style" business model.
“Fast processing of lab testing and diagnosis is oftentimes the difference between effective and ineffective treatment and even mortality. Just like grocery stores have pivoted to offer home delivery to better suit the needs of their consumers, it’s about time the healthcare industry stepped up and offered an immediate option for home-based healthcare without the hassle of long wait times, more than four-day returns on specimen collections and complicated result deliveries,” said Nile Thompson co-founder and CEO. “With The Lab Genius, patients of all ages and health conditions can now do everything within the comfort of their home and feel in control of their health assessments as it’s done by highly skilled and trained phlebotomist through our network. It’s our goal to assist our patients in regaining control of their health and being an active participant of the greater solution.”
Some studies predict that upwards of 80 percent of all primary care visits will be conducted at patient’s homes or virtually through telemedicine in the coming years; thus, The Lab Genius aims to provide affordable, on-demand and appointment-based specimen collection services to private residences, telemedicine patients, concierge providers, traditional medical clinics, assisted-living and skilled-nursing facilities throughout the United States and eventually the globe. Offering many services and features that other mobile platforms don’t provide, including a live map, streamlined payment systems, immediate caregiver access, EMR integration and a better online experience, The Lab Genius aims to reduce the time between home-based lab orders and lab results from seven days to seven hours.
Comprised of a rapidly growing, national network of labs that boasts less than a two-hour radius from the consumer back to the laboratory, The Lab Genius is primed to be the fastest and most innovative, home-based health services provider on the market through:
- Ordering: The Lab Genius’ ordering services are ideal for a wide range of customers, including:
- Patients: For homebound patients or those who cannot get to a lab for testing, The Lab Genius brings the lab to them, thereby avoiding a hospital admission.
- Labs: Laboratories can schedule standard and advanced services on an on-going basis and can seamlessly integrate with any telemedicine platforms.
- Providers: Providers can also initiate the lab collection process after patients visit or call in. Rather than sending the patient to a lab, they can order mobile lab collection via The Lab Genius to go to the patient’s location.
- Assisted-Living and Skilled Nursing Facilities: Rather than arrange transportation for residents that need lab collection and reallocating staff to accompany them to appointments, The Lab Genius saves time and money by deploying a skilled phlebotomist on-site who can collect the needed specimens.
- Hospitals: Large medical facilities that want to provide a more streamlined and efficient service for large volumes of collection can utilize The Lab Genius’ services to increase patient compliance via home lab draws, which also reduces readmit rates.
- Mobile Phlebotomy: The Lab Genius employs a fleet of laboratory techs and biologists who collect lab samples from patients wherever they are located and return them to the certified laboratory. They’re trained for collecting and handling samples and are capable of being deployed to any residence or facility. Patients can see who their phlebotomist is prior to arriving, what their rating has been, and can give them their own rating according to their experience.
- Visibility & Status Updates: The Lab Genius uses a bi-directional interface that offers its patients real-time, interconnected access to updates along with a live, interactive map powered by artificial intelligence (AI) assisted route optimization. This allows the patient, family, or doctor to receive constant and real-time updates from the time the order is placed to the time the results are uploaded onto the platform.
- Active Notifications: Everyone involved including the patient, family, insurance providers, laboratories, facilities and care providers can stay in the loop, and everyone gets updates at important milestones such as lab collection, delivery, testing, and uploading of results. Rather than having to rely on a tangled web of faxes, emails and phone calls, all of those communications and updates happen for all parties in a single location.
The company is currently seeking investor funding to allow it to deploy this service on a broad scale and deliver easier and efficient mobile specimen collection to a wide range of customers.