Medical Laboratories should come to you

In this age of information, technology companies like 'Uber' have disrupted the status quo and made life easier for many. Mobile phlebotomy is one area similar to 'Uber' that will catalyze another disruption. Silicon Valley has been tagged as a hub for "fake-it-till-you-make-it" entrepreneurs and is undoubtedly the home for these future disruptions. There is a paradigm shift in how people communicate (Social Media) and now there is a shift in how people travel (Uber). A recent launch of another tech company highlighted a shift in medical testing and phlebotomy services.

Doctors can now order medical lab tests on a smartphone app and independent phlebotomists would visit patients at their home or office to collect their blood for testing. 'Iggbo' as the company was called was labelled as the 'Uber for blood' even by its founder Dr. Shaiv Kapadia. This innovative cardiologist intended to revolutionize and democratize healthcare by offering personalized medicine to all patients. This is proof that the internet is disrupting every industry and has levelled the playing field by facilitating the shift from the industrial age to the information age. GAV-MED SOLUTIONS intends to participate in this paradigm shift with technology and hence we edutain people on social media about topics related to the medical laboratory

Technology and Mobile Phlebotomy will change the future

Technological advancements, automation and robotics have rapidly been transforming Laboratory Medicine over the years. Doctors and Patients are seeking ways to get lab results quicker and with greater precision. Information systems are now creating networks of several medical companies and data is so easily accessed with just the touch of a button. Information is the final product of medical laboratories and the goal is to provide accurate data to Doctors that they can use to diagnose and treat patients. This is why laboratory information systems have become the pillar on which patient's health information is built.

Genetics and Artificial Intelligence will overtime gain more and more control of Laboratory Medicine which leads to my conclusion that future Medical Laboratory Scientists will have to be trained as Biomedical Engineers.  Another major advancement will be that mobile phlebotomy will eventually become the 'Uber' of Laboratory Medicine. Patients love convenience similarly to other customers of other business entities. Mobile Phlebotomy is basically the Medical Laboratory coming to the patient's home or work to draw their blood. The Mobile Phlebotomy business can be compared to the taxi business in which both business models are saving the customer time and providing convenience and satisfaction. 

Gav-Med is a brand that epitomizes everything related to the medical laboratory and extending its wings to bring mobile phlebotomy into the reach of all patients. The internet and social media will play an important role in facilitating communication and connection between Doctors, Patients, and Phlebotomists. Technology and Mobile phlebotomy will change the future of Lab Medicine around the world

Service above Self

Most persons might be wondering, why Gavin Omar Dixon started Gav-Med Solutions.

It is not about me and how much it can benefit me or my immediate circle but it is about making a difference in people's lives. Selflessness is at the heart of the business model that Gav-Med Solutions is built on. Hence we created a charitable arm of Gav-Med Enterprises called Gav-Med Foundation that focuses on changing people's lives through education and healthcare. Charity has been at the forefront of most successful business organizations and hence we want to do likewise. Our goals are all centered around how much people can we help and how much hope can we bring to the hopeless and needy.

There are many persons facing dire socioeconomic realities which have caused them to lose hope. We want to be the hope that these persons are yearning for.

Medical Laboratory-Debt or Equity Financing

Gav-Med Solutions encourages the selling of your business idea to banks or investors but some MEDICAL TECHNOLOGISTS do not know the difference between selling to a bank and selling to an investor. Selling your idea of starting a medical lab to a bank is referred to as Debt financing while selling your idea to an investor(s) is referred to as Equity financing. In both instances your have to use SALES IN LABORATORY MEDICINE in order to persuade other people to give you their money to fund your dreams. Is it better to use debt or equity financing to start a medical lab? It is going to require bringing money from outside whenever you decide to start a Medical Laboratory. The two primary options are to leverage business debt financing using banks or fundraising using equity investors. You have to determine which method is best for you to start a Medical Laboratory because each can carry its own pros and cons.

DEBT FINANCING

Everyone is familiar with debt whether it is student loan debt, using a credit card, a mortgage or an auto loan. Debt simply means you are borrowing money in order to finance an idea (such as starting a medical lab). Once you are using debt financing you will have to pay monthly installments, over a fixed period of time at a specific interest rate. The most notable advantage of using debt versus equity is ownership and control, and with debt financing you do not give up any controlling interests. You own the Medical Laboratory, make all the decisions, keep all the profits. Business debt can also lead to tax deductions and make a huge impact in net profits and yield positive revenues.

EQUITY FINANCING

Using this method, you are simply taking money from investors for ownership rights in your Medical Laboratory. There are no monthly loan installments repaid but equity investors receive a percentage of the profits based on their shares in your Medical Laboratory. This method has the potential to bring in more money than using only debt. You don't have the stress of loan repayments if your Medical Laboratory is not making a profit. Good equity investors can use their influence and connections to help your Medical Laboratory secure more attractive debt in the future. Before you start looking for money to start a Medical Laboratory, you should spend time to understand debt and equity financing. It always good to get legal advice from corporate lawyers that have closed similar business transactions before using either debt or equity financing to start your Medical Laboratory.

Debt in Laboratory Medicine

There is good debt and there is bad debt. Debt that put money in your pocket for the long-term is "GOOD" while debt that takes money from your pocket is "BAD". Using debt to start a medical laboratory is "GOOD" once you have done your market research well and you have excellent sales skills. SALES IN LABORATORY MEDICINE is a financial assessment of medical labs similarly to how DEBT IN LABORATORY MEDICINE is a financial assessment of medical labs. They are both related and can either make a profit or loss for your business based on your management. In order to understand debt, you first need to understand sales.

Good debt is the road to financial freedom in Laboratory Medicine while Bad debt is the road to financial slavery. Debt can be your best friend if you know how to manage it in order to produce income. Debt is great for any Medical Technologist and it can help you to manage cash flow for your Medical Laboratory. Do the math, measure the return on investment, sell your idea to banks then get a loan, pay a little interest and enjoy the profits. The debt to sales ratio is one way lenders, including mortgage lenders, measure an individual's ability to manage monthly payments and repay debts. It is calculated by dividing total recurring monthly debt by gross monthly sales, and is expressed as a percentage. 

Learn how to use debt to produce income by understanding SALES and it will assure your financial freedom.

Three simple steps to start a Medical Laboratory

Some MEDICAL TECHNOLOGISTS might wonder what does "Sales in Laboratory Medicine" have to do with them. However, it has everything to do with realizing the dreams you have. In order to realize dreams you have to persuade (sell) others to invest in your dream. Whether it is getting a loan from the bank, presenting your products to customers, hiring employees, or asking people to be your business partner, sales skills are required. Many great entrepreneurs have sold their ideas to banks which partnered with them, by lending them money, in order for them to start a business. Most successful businessmen have admitted that if they weren't able to sell themselves and their ideas, then they wouldn't have gotten the money from banks to pursue their dreams.

Three steps to start a Medical Lab include:
1. Outline your business idea
2. Become a sales professional
3. Sell your idea to banks/investors

There is good debt and there is bad debt. Debt that put money in your pocket for the long-term is "GOOD" while debt that takes money from your pocket is "BAD". Using debt to start a medical laboratory is "GOOD" once you have done your market research well and you have excellent sales skills. SALES IN LABORATORY MEDICINE is a financial assessment of medical labs similarly to how DEBT IN LABORATORY MEDICINE is a financial assessment of medical labs. They are both related and can either make a profit or loss for your business based on your management. In order to understand debt, you first need to understand sales.

Good debt is the road to financial freedom in Laboratory Medicine while Bad debt is the road to financial slavery. Debt can be your best friend if you know how to manage it in order to produce income. Debt is great for any Medical Technologist and it can help you to manage cash flow for your Medical Laboratory. Do the math, measure the return on investment, sell your idea to banks then get a loan, pay a little interest and enjoy the profits. The debt to sales ratio is one way lenders, including mortgage lenders, measure an individual's ability to manage monthly payments and repay debts. It is calculated by dividing total recurring monthly debt by gross monthly sales, and is expressed as a percentage. Learn how to use debt to produce income by understanding Mathematics and it will assure your financial freedom.

Sales in Laboratory Medicine - Gav-Media Solutions