Medical Laboratory-Sharing

The sharing economy has changed how capitalistic societies operate and now more persons are renting instead of buying. This is evident in every industry but more so in areas such as commercial and residential real estate. Uber is an example of the peer to peer age that we now live in where technology is disrupting a lot of industries such as the taxi industry in the case of Uber. Airbnb has evolved as a home-sharing company which was valued at $38B in 2018 and Wework has evolved as a office-sharing company which was valued at $47B in 2019. None of these two companies own any real estate but make money from other people's property. Airbnb operates as a broker by receiving commission for booking of lodging arrangements, primarily homestays or other tourism experiences. Wework operates by long-term leasing of office space, renovating and furnishing the space and subleasing divided workspaces to their members. Their members include freelancers, startups, entrepreneurs and small businesses that do short-term rentals. This type of business model is referred to as rent arbitrage which is how Wework built itself into owning more than 150 locations worldwide and 500,000 members. Wework also has a venture called Welive which operates with the same business model but applies it to rental apartments instead of office spaces.

Similarly, medical laboratories can operate with this concept of rent arbitrage if it is properly orchestrated. Simply, one would lease a major commercial space on a long-term basis and divide it into small medical laboratories that are already furnished with medical laboratory equipment and all the necessary accessories for operation then rent the workspace to medical technologists on a short-term basis. Instead of starting a medical laboratory from scratch by finding a location, furnishing the location, insuring the location, branding and advertising the location, the medical technologist would simply "Rent-A-Lab". It is as simple as it sounds, and its the beauty of rent arbitrage and how it works as a real estate strategy that benefits all parties involved. Another simple Medical Laboratory- sharing strategy is offering your medical laboratory blood testing services to countless blood collection locations for a percentage of the cost for each blood test. 

Gav-Med Labs intends to implement this strategy based on the scalability of the idea and how all parties can benefit. Rent arbitrage is what allows anyone to use real estate to build businesses by subletting the space to other tenants. Just like home-sharing and office-sharing, medical laboratory-sharing can use this strategy to its advantage. This would aid more medical technologists to become entrepreneurs and salespeople and reduce the cost of starting medical laboratory. A medical technologist can rent a lab for a day, a week or even a month on the short-term basis. There will be more entrepreneurs and salespeople in the field of Laboratory Medicine and some will also take advantage of mobile phlebotomy to get more sales in laboratory medicine. This idea is built on the concept of "Rent-A-Lab" and will be the real estate investment strategy of the future.