PreciseMDX

Name

PreciseMDX

Legal name

PreciseMDX, Inc.

Website

https://precisemdx.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Healthcare Lab Business Management Software

NAICS

Computer Systems Design Services (541512), Computer Systems Design and Related Services (5415), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Laboratory Informatics for Diagnostics (LIS/Middleware/Analyzer Connectivity) (HLAHAAAO)

akta.pro secondary industries

Claims Management, Scrubbing & Clearinghouse (HLACACAB), Workflow & Case Management (Human-Centric BPM) (HDAEAHAA)

Keywords

• Lab business management
• Diagnostic SaaS platform
• Healthcare workflow automation
• Lab order management
• Clinical lab software

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Platform Subscription: Annual recurring subscription fees for lab business management platform access, typically quoted based on lab size, test volume, and feature requirements. Deals documented at $150,000+ first-year CARR for enterprise lab customers.
2. Implementation and Professional Services: Implementation services for customer onboarding, system configuration, and integration setup. Senior Implementation Manager role indicates professional services component for enterprise deployments.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels8 records

Core offering

PreciseMDX provides a cloud-based Lab Business Management Solution (LBMS) — a unified enterprise SaaS platform for diagnostic laboratories. It combines AI-powered paper-to-digital order transformation (AI-PMDX), configurable workflow automation, omni-channel order and data quality management, business intelligence dashboards, digital provider/patient engagement portals, and compliance modules. The platform is sold primarily to independent and hospital-based diagnostic labs, pathology, molecular, oncology, toxicology, and genetics laboratories to manage the full testing lifecycle from order intake through result delivery and billing.

Product overview

PreciseMDX is a unified enterprise Lab Business Management Solution (LBMS) platform designed for diagnostic laboratories of any size, type, and volume. The platform is architected as a modular suite centered on a core orchestration layer that connects all product components. The core product portfolio consists of AI-PMDX (AI-driven paper-to-digital order transformation using computer vision), Workflow/Automation & Agility (configurable workflow engine with business rule automation), Lab Intelligence™ (analytics and business intelligence dashboards), Order & Data Quality Management (omni-channel ordering, real-time data validation, insurance discovery), Digital Engagement and Consumerism (patient/provider portals, Patient's Test Tracker™, telehealth), and Compliance (audit trails, HIPAA/GDPR/PIPEDA/No Surprises Act support). On top of the core platform, PreciseMDX offers vertical-specific modules including Population Health Management (population test and vaccination management) and PCR & Antigen Testing Management (high-volume diagnostic testing programs). Supporting sub-products include the Good Faith Estimator™ (price transparency/No Surprises Act) and Patient's Test Tracker™ (real-time result access). The entire suite is built on a foundation of ecosystem integrations with LIMS/LIS, EHRs, billing systems, payment processors, insurance systems, and other lab ecosystem tools.

Differentiator

Problem solved

Functional benefit

Products and services

• PreciseMDX Lab Business Management Solution (LBMS) Unified enterprise SaaS platform for diagnostic laboratories that integrates and orchestrates all PreciseMDX product modules (AI-PMDX, Workflow/Automation, Lab Intelligence, Order & Data Quality Management, Digital Engagement, Compliance, and vertical solutions) to manage the complete diagnostic testing lifecycle from order submission through result delivery and billing. Designed for any lab type, test, volume, and complexity.
• AI-PMDX AI-powered paper-to-digital order transformation engine that captures data from handwritten and digital paper requisitions (faxes, emails, scans, EHR printouts) using computer vision, verifies physician signatures, cross-maps lab codes, and feeds structured digital data into the platform in real time. Reduces data entry costs by up to 80% and eliminates human entry error.
• Workflow, Automation, and Agility Configurable workflow engine with automation and business rules that manages end-to-end test workflows, specimen chain-of-custody, result handling and distribution, follow-up logic, escalation protocols, and automatic result notifications across multi-location and reference lab configurations.
• Lab Intelligence™ Business intelligence and analytics module featuring management dashboards, operational dashboards, and actionable insights for ongoing business performance monitoring, operational efficiency improvement, and customer potential maximization.
• Order & Data Quality Management End-to-end order management module providing omni-channel ordering (modern provider portal, 1-click EHR Connector™, EHR integration, and paper), AI-powered paper order processing, real-time data validation, insurance discovery and eligibility verification, automatic data correction, and all-digital order entry with document upload and e-signatures.
• Digital Engagement and Consumerism Patient and provider digital experience module offering modern digital engagements on any device, Patient's Test Tracker™, built-in telehealth video/audio conferencing for consultation and remote proctoring, and patient-facing transparency tools.
• Compliance Module Compliance module providing audit trails of requisition changes and actions, No Surprises Act federal law compliance, and support for HIPAA, PIPEDA, GDPR, and other industry regulations, with controls to protect sensitive information and reduce non-compliance risks.
• Good Faith Estimator™ Cost transparency and price estimation tool that provides patients and providers with upfront good faith estimates for diagnostic testing services, supporting No Surprises Act compliance.
• Patient's Test Tracker™ Real-time patient-facing portal allowing patients to track test status and access results on any device 24/7.
• Population Health Management Turn-key solution for managing population health tests and vaccination status, featuring customizable health policies for multiple populations, real-time policy adherence monitoring, individual health passports with QR codes for entry control, and proactive non-compliance alerting.
• PCR & Antigen Testing Management Digital health solution for managing high-volume diagnostic testing programs including COVID-19 testing, supporting multiple locations (lab, customer facilities, homes, retail), chain-of-custody management, escalation protocols for test-positives, insurance discovery, multi-client and multi-program support, white labeling, multi-language, and built-in telehealth.
• Virchow Vault™ Portal (powered by PreciseMDX) Strategic portal for the Virchow Vault Liquid Specimen Biorepository that allows clinical oncologists to order genomic tests for patients whose biopsy Liquid Companion Specimens are stored in the Virchow Vault. Handles biospecimen lifecycle management including inventory tracking, chain-of-custody documentation, mutation analytics, metadata, and real-time logistics monitoring.

Quantifiable outcome

• 63% error deduction
• +11 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability10 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core and flagship.

• Virchow MedicalcoreStrategic or Co-development Partner · 2 December 2025Strategic partnership to develop a next-generation platform for the Virchow Vault, a first-of-its-kind liquid specimen biobank. PreciseMDX provides the software application infrastructure (HI-Trust secure portal) for clinical oncologists to order genomic tests on liquid biospecimens stored in the biobank. The portal handles biospecimen lifecycle management including inventory tracking, chain-of-custody documentation, mutation analytics, metadata, and real-time logistics monitoring. Supports healthcare providers, clinical oncologists, research institutions, biopharma companies, clinical laboratories, and diagnostic developers.
• LabOSflagshipTechnology or IntegrationIntegration partnership where LabOS provides the Laboratory Information System (LIS) backend and PreciseMDX provides the patient-facing digital layer. Combined solution automates digital order entry, reducing administrative overhead and speeding up lab processing. Shared customers like Sherman Abrams Labs benefit from LabOS's flexible LIS platform combined with PreciseMDX's intuitive digital experience. Both companies emphasize removing friction between lab systems.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• LabWare: LIMS provider with configurable workflow, sample management, and integration capabilities commonly used by clinical and reference laboratories—a broader-spectrum lab informatics competitor.
• LigoLab Information Systems: End-to-end LIS/LIMS platform for clinical and anatomic pathology labs, offering workflow, billing, and patient engagement—closely overlapping with PreciseMDX's full LBMS scope.
• Clinisys: Global lab informatics provider offering LIS solutions for clinical, anatomic pathology, and molecular diagnostics; competes for multi-site hospital and reference lab contracts.
• LabOS: Cloud-based LIS platform with whom PreciseMDX has a bi-directional integration partnership (Sept 2025); both target diagnostic labs seeking modern, patient-facing digital experiences on top of LIS infrastructure.
• SCC Soft Computer: Suite of lab information systems (SoftLab, SoftBank, etc.) for hospitals and reference labs with workflow automation and results distribution—competing across the LBMS stack.
• SunQuest Information Systems: Long-standing LIS provider integrated with PreciseMDX via HL7 interfaces; competes in lab order/result management and serves many of the same diagnostic lab customers.
• Orchard Software: Established LIS vendor serving independent and hospital labs with workflow, order management, and results delivery—directly competing with PreciseMDX's order management and workflow automation modules.

Broad incumbents

• Oracle Health (Cerner): Major EHR/clinical suite including lab and order management capabilities; represents the incumbent platform risk for hospital lab workflow and patient engagement functionality.
• Epic Beaker: Epic Systems' laboratory information system module bundled with the dominant hospital EHR; a key incumbent PreciseMDX integrates with (via HL7) but also competes against for hospital lab workflow.

Emerging players

• hc1: Healthcare analytics platform with strong lab-data focus, providing operational dashboards and insights comparable to PreciseMDX's Lab Intelligence™ module for diagnostic labs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/PreciseMDX
• LinkedInlinkedin.com/company/precisemdx

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PreciseMDX