Chad Price and MAKO Medical — Shaping the Future of Diagnostic Testing in the U.S. | Healthcare Dive
MAKO Medical, a pioneering force in the diagnostic testing industry, is setting new standards for accuracy, efficiency, and accessibility under the leadership of CEO Chad Price. Since its founding in 2014, MAKO Medical has rapidly expanded into 10 states, leveraging cutting-edge technology and a patient-first approach to transform healthcare diagnostics. As the industry shifts toward value-based care, MAKO Medical is at the forefront, integrating innovative solutions to improve patient outcomes while reducing costs for providers and consumers alike.
With a commitment to AI-driven automation, at-home testing solutions, and community-driven initiatives, MAKO Medical is redefining how Americans access healthcare. From enhancing diagnostic accuracy to bridging gaps in underserved communities, the company’s impact continues to grow. This article explores how Chad Price and MAKO Medical are driving innovation in laboratory testing, paving the way for a more efficient, patient-centered future in healthcare.
Healthcare is undergoing a transformation, with diagnostic testing at the forefront of innovation. Leading this revolution is Chad Price, the CEO and founder of MAKO Medical, a company that has disrupted the traditional medical laboratory space with cutting-edge technology and a patient-first approach. Since its inception in 2014, MAKO Medical has expanded into 10 states, setting new standards in accuracy, efficiency, and accessibility in diagnostics.
One of the most significant shifts in healthcare today is the move toward value-based care, a model that MAKO Medical has fully embraced. Unlike traditional fee-for-service models, value-based care focuses on patient outcomes rather than the volume of tests performed. By integrating this approach into its diagnostic testing services, MAKO Medical is not only improving the healthcare experience but also reducing unnecessary costs for both patients and providers.
With a strong commitment to technology, community service, and healthcare innovation, Chad Price and MAKO Medical are setting a new benchmark for diagnostic testing in the U.S. In this article, we explore how MAKO Medical is reshaping the industry, pioneering new testing solutions, and enhancing accessibility for all Americans.
The Origins and Mission of MAKO Medical
Before MAKO Medical emerged as an industry leader, the laboratory testing industry was dominated by two major players, limiting competition and innovation. Recognizing this gap, Chad Price, along with his brother and a friend, founded MAKO Medical in 2014 with a vision to improve diagnostic testing through technology and customer-centric solutions.
At the heart of MAKO Medical’s success is its mission to provide faster, more accurate, and patient-friendly laboratory testing. Unlike traditional labs that often have long wait times and limited customer service, MAKO Medical prioritizes a streamlined experience for both healthcare providers and patients. By investing in state-of-the-art automation and AI-driven diagnostics, the company has dramatically improved turnaround times and test accuracy.
Additionally, MAKO Medical has set itself apart with a focus on community engagement and veteran hiring initiatives. The company actively supports over 300 nonprofits and charities and has committed to hiring military veterans for its logistics operations. This philanthropic approach, coupled with its commitment to innovation, has helped MAKO Medical earn multiple awards, including Forbes’ Best Startup Employers.
By addressing gaps in efficiency, accessibility, and community involvement, Chad Price has transformed MAKO Medical into more than just a laboratory-it’s a mission-driven organization redefining diagnostic healthcare.
Innovations in Diagnostic Testing
One of MAKO Medical’s greatest strengths lies in its technological advancements in medical testing. Chad Price has been a strong advocate for leveraging AI, automation, and direct-to-consumer healthcare solutions to improve efficiency and accessibility.
- AI and Robotics in Lab Testing
MAKO Medical has invested heavily in artificial intelligence (AI) and robotics to automate laboratory processes. This has led to higher accuracy, reduced human error, and significantly faster test results. AI-driven analysis has also enabled early disease detection, allowing doctors to make more informed treatment decisions. - Direct-to-Consumer Healthcare Solutions
The rise of at-home diagnostic testing has been one of the most exciting trends in healthcare, and MAKO Medical has embraced this shift. By offering mobile testing units and at-home sample collection kits, the company is eliminating barriers to traditional lab access, especially for patients in rural areas.
Through cutting-edge technology and a proactive approach to innovation, Chad Price and MAKO Medical are not only transforming diagnostic testing but also influencing the future of preventive healthcare.
Value-Based Care: A New Model for Diagnostics
One of the most impactful shifts in healthcare today is the move from a fee-for-service model to value-based care-and MAKO Medical is at the forefront of this transition. Unlike traditional healthcare models that prioritize volume, value-based care focuses on improving patient outcomes while reducing overall costs.
For diagnostic laboratories like MAKO Medical, this means:
- Focusing on Preventive Testing — By emphasizing early detection and proactive health management, MAKO Medical is helping reduce hospitalizations and long-term healthcare costs.
- Enhancing Diagnostic Accuracy — Instead of prioritizing the number of tests conducted, MAKO Medical ensures each test delivers precise and actionable results, preventing misdiagnoses and unnecessary treatments.
- Improving Coordination with Healthcare Providers — Through advanced data-sharing systems, MAKO Medical is making it easier for doctors and specialists to access real-time diagnostic data, leading to faster and more effective treatment plans.
By adopting value-based care, Chad Price has positioned MAKO Medical as a leader in patient-centered diagnostics, offering a higher standard of healthcare delivery in the U.S.
The Role of MAKO Medical in Expanding Healthcare Access
One of the biggest challenges in U.S. healthcare is ensuring that all patients-regardless of location or financial status-have access to essential medical services. MAKO Medical has made it a priority to bridge this gap by improving access to diagnostic testing in rural and underserved communities.
- Addressing Rural Healthcare Challenges
Many rural areas in the U.S. lack sufficient medical facilities, forcing residents to travel long distances for essential healthcare services. Chad Price recognized this issue early on and led MAKO Medical in deploying mobile testing units to reach remote areas. These state-of-the-art mobile labs bring on-site diagnostic services directly to patients, ensuring timely and convenient access to medical testing. - Military and Veteran Hiring Initiatives
MAKO Medical is also committed to supporting U.S. veterans, hiring them for logistics and operational roles within the company. Chad Price has structured hiring policies to prioritize military veterans, ensuring that those who served the country have stable and fulfilling career opportunities. This initiative not only provides jobs for veterans but also strengthens MAKO Medical’s supply chain operations with disciplined and mission-driven employees. - Philanthropic Efforts & Community Partnerships
Beyond its healthcare services, MAKO Medical is deeply invested in philanthropy, actively supporting over 300 nonprofits and charities across North Carolina and beyond. The company regularly donates to educational institutions, healthcare programs, and community organizations, reinforcing its commitment to social responsibility.
One notable initiative was MAKO Medical’s partnership with iHeartRadio’s Erica DeLong, where the company donated $1,000 a day to families in need during the holiday season. Additionally, MAKO Medical pledged to match donations to the Vance County School Foundation up to $10,000, helping provide critical resources for students and teachers. These contributions reflect Chad Price’s belief that businesses should actively give back to the communities they serve.
Through its rural healthcare initiatives, veteran hiring programs, and philanthropic contributions, MAKO Medical is redefining what it means to be a healthcare leader.
MAKO Medical’s Recognition and Growth
The impact of MAKO Medical’s innovations and community engagement has not gone unnoticed. Over the years, the company has received numerous industry accolades and business awards, reinforcing its position as a top healthcare diagnostics provider.
With continued growth and recognition, MAKO Medical is poised to become one of the nation’s leading diagnostic laboratories.
The Future of MAKO Medical and the Diagnostic Testing Industry
As healthcare continues to evolve, Chad Price is leading MAKO Medical into the future with a focus on new innovations, AI-driven diagnostics, and personalized medicine.
- Advancing AI and Automation in Diagnostics
MAKO Medical is investing in next-generation AI technologies that can enhance diagnostic accuracy and streamline lab processes. Machine learning models are being developed to identify disease patterns faster, enabling earlier detection and more effective treatments. - Scaling Telehealth and At-Home Testing Solutions
As telehealth continues to grow, MAKO Medical is expanding its capabilities to offer at-home sample collection and virtual diagnostic consultations. This will provide patients with greater flexibility, especially those in remote areas who struggle to access traditional healthcare facilities. - Enhancing Value-Based Care Strategies
The shift to value-based care will remain a major focus for MAKO Medical. By continuing to prioritize patient outcomes over testing volume, the company will drive higher efficiency, lower healthcare costs, and improved patient experiences. This approach aligns with Chad Price’s vision of a healthcare system that delivers better results through smarter, data-driven testing methods.
With its commitment to innovation and patient-centered solutions, MAKO Medical is shaping the future of diagnostic testing in the U.S. and beyond.
Pioneering the Next Era of Diagnostic Healthcare
Under Chad Price’s leadership, MAKO Medical has become a disruptive force in the diagnostic testing industry, driving change through technological innovation, patient-first solutions, and value-based care. From AI-driven diagnostics and mobile testing units to community engagement and veteran hiring programs, the company is making a lasting impact on both healthcare and society.
As the medical testing landscape continues to evolve, MAKO Medical is well-positioned to lead the charge in improving efficiency, accessibility, and patient care. By continuing to embrace innovation, expand services, and prioritize value-based healthcare, Chad Price and MAKO Medical will remain at the forefront of the future of diagnostic testing in the U.S.
Originally published at https://www.healthcaredive.com.
