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General data management concepts
General data management concepts
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Information is a key component, which is virtual source in all aspects of business. Information helps create a well balance between analytics, business information, customers, vendors, and sales. Without proper use of information, businesses may struggle to understand components of their business, such as monitoring information, validated decision making, performance measuring, and the ability to identify new business opportunities. In this text, there will dialogue on how a Laboratory Corporation of America, also known as LabCorp, uses each one of these functions, to ensure better business practices, and proper regulatory control of the business components, that make this business strive.
First, this text will discuss some background on Labcorp to form a better understanding of the business, and the practices used. Labcorp is one of the largest clinical Laboratories in the world, which includes many wholly owned subsidiaries. The Laboratory Corporation of America (2013) website LabCorp has over 220,000 clients and process over 400,000 samples per day. LabCorp uses an innovative clinical laboratory processing, referral, and specimen testing information systems to create fluent, and easy to use specimen processing and testing. This process has developed through time, and LabCorp has grown into a robust multi- laboratory testing facilities through the buyout, and absorption of numerous specialty laboratories. As the buyout of subsidiaries has been a large part of the growth of this business, information technology had to grow along side, as the connection between all sites became critical for survival, to keep the stance of a premier multifunctional Laboratory tycoon (Laboratory Corporation of America, 2013).
Information is a ke...
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..., against what was actually received into LabCorps laboratory. If any information does not match up, the patients specimens will be tested, but results will be suspended until proper investigation of information has occurred. The integration of these information systems allows LabCorp to produce high quality results, store patient information and specimen’s received, and output results with a very limited time. Beacon SIS, and Touch lets all forms of clinics, hospitals, and draw sites perform efficiently; creating better customer, and patient experience through streamlining specimen information processing(Laboratory Corporation of America (2013).
Works Cited
Laboratory Corporation of America. (2013). LabCorp Company History. Retrieved from https://www.labcorp.com/wps/portal/!ut/p/c0/04_SB8K8xLLM9MSSzPy8xBz9CP0os_hQV5NgQ09LYwMLR29XA09_V4vQENNQYwMjU_2CbEdFAGH21P8!
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Contemporary management of the business. 7 ed. of the book. New York, NY: McGraw-Hill. McComb, S., Schroeder, A., Kennedy, D., & Vozdolska, R. (2012).
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When patients are in the hospital, they are often tested for many diseases and conditions. In fact, many hospitals have clinical testing areas and labs for testing saliva blood, and urine. However, these labs require a large amount of manpower and time to test samples, collect data, and analyze results. POCT (Point-of-Care Testing) is bedside testing for patients. Although POCT technologies provide many benefits such as, reduced testing time, decreased turnaround time, increased portability, and produced more accurate results, high costs have inhibited many facilities from purchasing and using POCT technologies. Finding a way to reduce the cost of POCT technologies could save many lives t hrough the aforementioned processes.
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