LigoLab Applauded by Frost & Sullivan for Transforming Diagnostic Laboratories with its All-in-One Integrated LIS & RCM Platform

SAN ANTONIO,Jan. 18,2022 --Frost & Sullivanrecently analyzed the North American Laboratory Information Systems Industry and recognizes LigoLabasthe 2022 Competitive Strategy Leadership Awardwinnerfor improving the efficiency of diagnostic laboratories and transforming them into thriving businesses. The enterprise-grade software-as-a-service (SaaS) solution includes modules for anatomic pathology (AP),molecular diagnostics (MDx),clinical pathology (CP),billing(RCM),and direct-to-consumer (D2C),all on a single integrated platformthat is infinitely configurable and supports each role,case,and department.

2022 North American Laboratory Information Systems Competitive Strategy Leadership Award

LigoLab's LIS & RCM Laboratory Operating Platform ensures full interoperability withinstruments,electronic health records (EHRs),and third-party services adopted by laboratories. Other salient features of the system include powerful specimen barcoding and tracking support,a robust and searchable audit trail,compliance verification at every stage,a built-in interface engine,flexible engines for rules and automation,fully customizable reports,and multiple distributionoptions. Thiscomprehensive bundle of features comeswith a user-friendly interface and unlimited customization capability to cater to the unique needs ofvarious customers no matter the size oftheir laboratory operations,or thetype of testing under their practice.

According to Amartya Bose,an industry analyst,"LigoLab's truly integrated LIS & RCM platform allows for the seamless integration,transparency,and situational awarenessof alllaboratory operations andRCM processes through its real-time,queue-facilitated workflow. This RCM module ensures billing cycle management startsat the order initiation,providing a single source of truth that's supported by automated coding and regulatory claim compliance verification,thus reducing the risk of denials at a later stage by up to 98percentand improving the net collectionsfor laboratories."

LigoLab'sRCMmodule furthersupports the billing process with real-time verification,eligibility,scrubbing components,automated international classification of diseases (ICD),current procedures terminology (CPT) coding,and automated client billing. It helps medical laboratories differentiate themselves in the marketplace,efficiently scale their operations,and become significantly more profitable.

TestDirectly,a flexible,web-based patient engagement portal,helps medical laboratories and first-care facilities directly connect with patients to deliver a convenient,safe,fast,and accurate collection and testing service. The platform's user-friendly electronic workflow replaces paper forms and manual processes and eliminates errors and reporting delays to improve the patient experience.

LigoLab's brand motto is "empowering labs to grow and thrive on an all-in-one laboratory software system." Bose expounds on that,saying,"LigoLab continues to push the boundaries of scientific innovation by leveraging automation and simplified workflows to maximize throughput. The company empowers laboratories to control all aspects of data flow with clinical precision,including data from expanded lab processes and a solitary,infinitely configurableplatform."

The company's strategy of working closely with partner labs during the implementation process and makingits comprehensive platform entirely availableto allclientsafter go-live both serve as major industry differentiators. This enables labs to rapidly scaleby launching the built-in modules and teststo expand services and add revenue sources as they grow.

LigoLab earns Frost & Sullivan's 2022North American Competitive Strategy Leadership Award in the North American laboratory information systems industry for its strong overall performance,game-changing integrated platform,and world-class implementation practices.

Each year,Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a strategy that results in stronger market share,competitive brand positioning,and customer satisfaction.

Frost & Sullivan Best Practices Awardsrecognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership,technological innovation,customer service,and strategic product development. Industry analystscompare market participants and measure performance through in-depth interviews,analyses,and extensive secondary research to identify best practices in the industry.

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Contact:

Claudia Toscano

P: 1.210.477.8417

E: Claudia.Toscano@frost.com

About LigoLab

LigoLabis a leading provider of innovative end-to-end healthcare software for pathology laboratories,servicing 150+ facilities nationwide. As a comprehensive enterprise-grade solution,the LigoLab LIS & RCM Laboratory Operating Platform™includes modules for anatomic pathology,clinical pathology,molecular diagnostics,revenue cycle management,and direct-to-consumer,all on one powerful and integrated platform that supports every role,every department,and every case. LigoLab empowers laboratories to better serve patients,differentiate themselves in the marketplace,scale their operations,become more compliant,and more profitable.

Contact:

Michael Kalinowski

P: 1.310.227.7503

E: MichaelK@LigoLab.com