SAN MATEO, Calif.--(BUSINESS WIRE)--Luminate Health, a leader in healthcare technology solutions for the clinical laboratory and diagnostics market, has seen unparalleled success with the adoption of its innovative Direct-to-Consumer (DTC) lab testing platform. Designed to extend the reach of commercial and hospital laboratories, the service empowers labs to engage directly with patient communities, making critical lab testing more accessible to patients and driving growth, particularly for the outreach businesses of health system laboratories.
The DTC lab testing market has seen rapid growth in recent years, fueled by increased consumer demand for greater control over their healthcare decisions. In fact, according to some projections, the global DTC lab testing market is expected to grow to $7.2 billion by 2030, representing a compound annual growth rate (CAGR) of 10.9%. This surging market segment presents an incredible opportunity for laboratories to directly engage with patients, bypass traditional barriers, and tap into a growing revenue stream.
Unlocking New Opportunities for Laboratories
Luminate Health's DTC Testing Platform is a turnkey solution that allows any laboratory to easily enter this growing market segment. With no need for extensive upfront investment or dedicated internal resources, laboratories can now seamlessly offer direct testing to their patients through a fully automated platform. The service simplifies the entire process, from test ordering to result delivery, eliminating the need for manual effort and reducing operational complexities.
"Their DTC solution enables labs to expand their outreach in ways that were previously unimaginable," said Sam Terese, CEO & President of Alverno Laboratories. "With this platform, labs can now offer patients convenient access to essential diagnostic services, while at the same time driving new revenue. It’s truly a win-win for both patients and healthcare providers."
Turnkey and Fully Automated
Luminate Health's DTC Testing Platform removes the traditional burden associated with launching new services. Laboratories that implement this system can expect to see significant improvements in operational efficiency and overall return on investment (ROI). The Luminate DTC Testing Platform can help labs see gross margins as high as 60-70% depending on the type of testing they offer. By automating key processes and leveraging technology to streamline workflows, labs can maximize their capacity to serve patients without needing to invest in additional staff or infrastructure.
"Many labs see a meaningful ROI even within the first year of implementing a DTC program, largely due to the efficiency and ease of adoption provided by our technology," said Sidd Sinha, Luminate Health CEO & Co-Founder. "This is a game-changer for laboratories that want to grow their outreach and serve a broader patient population."
Expanding Patient Access
Accessibility is a major focus of the DTC model, as it gives patients more control over their healthcare and access to lab testing without the need for a physician’s order. This expanded access allows patients to proactively manage their health, especially in rural or underserved areas where traditional healthcare services may be limited. Some estimates suggest that 20-25% of DTC testing customers come from rural areas or regions with limited access to affordable testing. By offering these services, laboratories can position themselves as patient-centric healthcare providers, enhancing trust and engagement within the community. "With Luminate Health’s DTC service, labs can now bridge the gap between healthcare providers and patients, reaching communities that have historically been underserved," said Shally Madan, Luminate Health COO & Co-Founder. "This is an outstanding opportunity to both improve public health and drive business growth."
About Luminate Health
Luminate Health is the leading patient engagement and analytics company for the clinical laboratory and diagnostics market. Luminate Health works with commercial and hospital labs across the country to unlock the value of lab data to patients, providers, and other key stakeholders in the healthcare industry.
Today, millions of patients use the Luminate Health platform to access, manage, and understand their lab results. Luminate Health’s integrated approach closes gaps in care and allows its partners to stay connected with their patients through their healthcare journey. Together with Luminate Health’s lab partners, the company is advancing patient care and disease management through lab results.
For more information about the Luminate Health Direct-to-Consumer Testing Platform, visit www.luminatehealth.com/products/direct-to-consumer-testing-services/ or contact Luminate Health.
