Entrepreneur Chad Price has a formidable mission with his latest venture: “to bring together and unify smaller businesses operating in the laboratory space under one comprehensive umbrella alliance.” It’s an innovative move that will likely cause waves in the healthcare industry.
The recently launched enterprise, the MAKO Alliance, offers an original approach to the commercial clinical testing sector. Having worked within the laboratory space for close to a decade, Chad Price is in the ideal position to take on the challenge and create a transformative “super venture”.
The MAKO Alliance has already gained the attention of business leaders. With a selective partnership process, an array of remarkable benefits for organizations, and the potential to scale up at a striking rate, the business is set to be a significant mover in the healthcare sphere. Let’s delve into what the venture will offer.
National Expansion and Cost Reduction
The unique concept behind the MAKO Alliance allows partners to expand their brand’s presence nationwide. By working in a collaborative system, the partner organizations will have the opportunity to seek out broader coverage with limited time and cost obstacles. This strategic approach to conquering the healthcare sector breaks down the most imposing barriers that businesses in this field often face when looking to reach audiences beyond their home state.
Financial constraints oftentimes mean that it’s challenging for even the most well-known of healthcare organizations to make a mark on a wide client base. However, this latest move means that leading research, pathology, and laboratory testing firms that selected to partner up as part of the MAKO Alliance will have a colossal advantage over the competition. By working in collaboration with other businesses in the sector, the organizations can expand their reach without having to stretch their budget beyond reasonable means.
Streamlined Service Offerings and Strategic Partnerships
It doesn’t end there. As part of the MAKO Alliance group, partner companies, and organizations will be encouraged to streamline their service offerings. Simplifying processes and streamlining outdated systems will form the foundations of a strategic approach held by all members of the group. Operating under a unified process will allow each business to quickly and easily upgrade their existing services, working more smoothly with their clients. The efficient approach to laboratory services is a stroke of genius, improving the system.
Leading on the skills and talents of each member is the core of the success, according to Chad Price. He previously advised other entrepreneurs that “one of the most important pieces of advice I can provide to other entrepreneurs is to surround yourself with a passionate group of talented people who aren’t afraid to argue their opinions.”
“Collaboration and synergy are the keys, and fostering that in your company culture, you will ultimately make better and more informed decisions.” he continued.
With streamlined services in hand, each organization will be better positioned to form strategic partnerships. These connections are certain to prove vastly valuable in the years to come. Taking the steps to build these bridges at this early stage in the process is a surefire way to assure success in the future. In fact, it is a central pillar of the MAKO Alliance vision.
Supporting Local and Regional Businesses
Since Chad Price launched MAKO Medical Laboratories, back in 2014, he has been a huge advocate of supporting local businesses. Case in point, he has worked hard to form meaningful collaborations with nearby businesses, organizations, charities, and even educational facilities. This is a centralized ethos that will be taken forward with the MAKO Alliance.
Partner businesses and organizations that join the MAKO Alliance will experience the advantages of being part of a larger conglomerate. Before this point, these rewards would have been saved only for large-scale organizations. To break that down, the benefits were once well out of reach. However, by collaborating within the Alliance, smaller, local businesses will have access to a myriad of new resources. This change could be the key to opening up new doors for seemingly smaller organizations within the healthcare sector.
Long-Term Plans and the Future
The MAKO Alliance is a long-term initiative that will grow and develop alongside its partner businesses. The ambitions and major goals of the umbrella include achieving nationwide expansion, conducting extensive medical research at reduced costs, and providing unified data access to all members. Chad Price has a crystal-clear vision of the upcoming years and the strategies that will allow the team to reach, and even exceed these targets.
The MAKO Alliance is in a prime position to dominate the sector and disrupt the status quo. That means completely reshaping the landscape of healthcare, while also driving innovation and excellence in laboratory services on a national scale.
