What is a Cooperative Model

Simply put a Co-Op means we all work together as a team to make things better.

It means we work with other labs, hospitals, physicians, and patients to improve access to cutting edge healthcare at an affordable price by offering shared resources. This model allows us to offer genomic testing for a fraction of the price and with a faster turnaround time.

The Co-Op model

  • Enables local labs to offer a comprehensive molecular testing menu to support their own communities.
  • Provides economies of scale that large labs benefit from with sophisticated technology at a local level.
  • Reduces overhead costs (staffing, capital equipment, billing, etc.).

NGS lab

  • Utilizes state-of-the-art technology that disrupts previous diagnostic strategies.
  • Integrates machine learning in daily operation and interpreting data.
  • Focuses on innovation and incorporating clinically relevant information quickly for patients benefit.

How we do that?

Like all disruptive companies, we value engineer the process and figure out ways to save money without sacrificing quality that traditional companies can’t or won’t adopt because they’re used to doing business a certain way. Change can be hard. Genomic testing is moving fast, and innovation is happening faster which has allowed a rapid drop in the cost of testing. At the dawn of the new millennia, the first human genome was completed at the cost of billions of dollars over several years with large teams of scientist putting the puzzle pieces together. Today it can be done in about a day for a small fraction of the cost by a few people. We utilize cost-effective tools like secure cloud server’s vs building server clusters which need a team of IT workers to maintain. We embrace machine learning to help interpret data quicker which allows our team of scientists to do more. We offer fewer tests which allow us to optimize our sequencing runs so we can run more samples to lower the overhead. And that’s just a few highlights of how we do it to help save the healthcare system money.

cooperative model GTC
Arvantages of a coop business model

Advantages of a Co-Op business model

  • NGS is an important driver for precision medicine
  • Many labs cannot afford to internalize NGS testing due to the high costs 
  • Sharing resources allows for economies of scale to take place driving down cost while keeping quality high
  • Access to highly skilled bioinformatics team and data scientists
  • State-of-the-art technology
  • Adapts faster to regulatory demands
  • Community (Co-Op) feedback