The healthcare field is catapulting forward. Innovation in medical testing is front and center of Make Medical Laboratories’s mission, and its forward-looking CEO, Chad Price, is dedicated to steering the company in the right direction. In the long run, the company aims to be responsible for testing methodology development, efficiency, and accuracy.
Chad Price: Innovation Driving MAKO Medical’s Growth
MAKO Medical Laboratories has been named among the largest companies in North Carolina- a remarkable feat in a market dominated by big players. The company has also received numerous accolades directly linked to its innovative approach to medical testing, community involvement, and quality service delivery.
Chad Price, CEO, is keen to point out the sharp focus the company has placed on medical innovation. One of the areas of interest for MAKO Medical is increasing access to care through innovative medical practices. On this, the CEO has this to share about the company going mobile:
“It’s not about the price. Sometimes, it’s about access to care. One of the biggest things that we’re doing is mobile. So, if you take an area like West Virginia, the fact that I can drive to a school and perform services or I can go into a community. If you’re a single mom and you have to take off work, well, you’re now behind on your rent. So, I would say the bigger problem is not necessarily cost; it’s access to care.”
Undoubtedly, much can be done to improve access to quality healthcare services while maintaining high standards, accuracy, and efficiency. For this reason, MAKO Medical, with the stewardship of its CEO, has its eyes firmly set on the following areas of innovation in healthcare:
1. Innovations to Expand Access to Healthcare
While significant progress has been made to increase access to quality healthcare in the United States, some communities are still disadvantaged. For instance, a 2023 report by the US Government Accountability Office (GAO) states that more than 60 million people (a fifth of the US population) in rural areas have limited access to healthcare services.
MAKO Medical Laboratories recognizes the need to bridge the gap in healthcare delivery, even in medical testing, through innovative practices.
“We just naturally assume everybody has access. You take a state like Montana, which is really rural, and drive 65 miles into town to get access. So, we think access is the biggest issue. So, with the alliance being in each state, they understand the communities, they understand the towns, the cities, and so we’re able to provide, I think, better access to care because each member is in the state, they understand the state, they understand the patients of the state,” says Chad Price, CEO MAKO Medical.
The company is very keen on improving coverage in rural and other affected populations through innovation. For instance, MAKO Medical is looking to scale its mobile testing with mobile testing units that travel to target areas to offer onsite testing for those who cannot easily access labs or hospitals. This will be of great significance to the communities targeted, especially since data shows that it is the elderly and disabled that are disproportionately affected in rural areas.
MAKO Medical’s CEO is also invested in emerging innovations in telemedicine, especially those aimed at increasing access to medical testing. For instance, MAKO Medical is exploring and actively developing strategies to enable the collection of samples at home on request to increase accessibility to medical testing services.
2. Technologies to Enable Faster Medical Testing
When Chad Price first founded MAKO Medical, the aim was to address a gap in the medical testing industry by providing fast and accurate testing services to everyone. To this end, the company has set its eyes on innovations that promote faster medical testing, such as AI-driven medical analysis and automated lab processes. For instance, with rapidly developing medical technology, the company has invested in robotics to handle sample processing. Such innovations, while speeding up processing, also reduce human error.
3. Chad Price Innovations in Healthcare Training
MAKO Medical believes in providing quality healthcare education for tomorrow’s experts and medical researchers. The establishment of MAKO University in 2022 was a testament to this commitment, and the school is now delivering an accredited phlebotomy program. To this end, the company is also interested in innovations to support healthcare education, such as using online learning platforms to broaden access and build a streamlined pipeline for skilled workers.
Since MAKO Medical is a medical testing company, innovations that use the latest technologies to improve training in controlled environments are in its sights. For example, Virtual reality training can be used to simulate lab environments. It could allow new employees and students to practice their skills before interacting with real-life samples. According to Chad MAKO- CEO of MAKO Medical, training Ops is an integral part of the company’s future outlook in innovation, especially with MAKO U in the picture.
4. Technologies and Methodologies That Adapt to Changing Needs
MAKO Medicals was at the center of the campaign to increase testing efficiency during the pandemic and came out with valuable lessons. One of these lessons was the need to innovate or adopt technologies and methodologies that can adapt to rapidly changing healthcare needs.
“The pandemic caught many off-guard, highlighting the need to have robust crisis management plans in place, both at individual and organizational levels,” says Chad MAKO, MAKO Medical CEO. “We learned that flexibility and adaptability are key to overcoming challenges.” “We have witnessed that remote work is not only feasible but also brings numerous advantages such as increased flexibility, reduced commuting, and improved work-life balance.”
Some innovation areas include using preparedness kits and real-time monitoring systems or platforms integrating data from multiple sources. In an emergency similar to Covid 19, for instance, standardized preparedness kits could help communities and companies like MAKO Medical Labs handle an influx of patients more efficiently. There is also a need to continue innovating methodologies to address rapidly changing medical testing demands.
Final Thoughts: Pioneering the Future of Healthcare
Chad Price is trailblazing when it comes to MAKO Medical. The company continues to invest in the best talent in the healthcare industry, as well as in training and research. The future is indeed bright in the eyes of the able and innovative team at MAKO Medical Laboratories. Armed with a clear vision of the future, the entrepreneur is creating the change he wants to see in the industry.
