Precision Labs

What Precision Labs does

Precision Labs is a licensed reference laboratory headquartered in Plain City, Ohio that provides specialized urinalysis testing services to healthcare facilities and physician practices across multiple clinical verticals. The company operates a two-tier testing methodology: an initial Immunoassay screen for qualitative substance detection, followed by confirmatory LC MS/MS (Liquid Chromatography Tandem Mass Spectrometry) testing positioned as a forensic-grade, court-admissible "gold standard." Its drug test menu spans 50+ analytes across comprehensive amphetamine, opiate, benzodiazepine, additional analyte, EtG-EtS alcohol, and specimen validity panels, and results are delivered with a next-day turnaround guarantee for addiction and mental health facilities.

Name

Precision Labs

Legal name

Precision Labs

Website

https://urinalysislabs.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Precision Labs is a licensed Ohio-based reference laboratory providing LC MS/MS and immunoassay urinalysis testing to behavioral health facilities, addiction treatment centers, OBGYN practices, and primary care physicians for medication monitoring and substance abuse detection.

Ownership category

akta.pro rank

Product category

Clinical Reference Laboratory Services

NAICS

Medical Laboratories (621511)

SIC

Services-Medical Laboratories (8071)

akta.pro primary industry

Reference & Esoteric Testing Laboratories (HLAFAMAJ)

akta.pro secondary industries

Clinical Chemistry & Immunoassay Laboratories (HLAFAMAB), Central Laboratory Services (Core Lab Operations) (HLAGAEAA), Specialty & Biomarker Laboratory Services (Immunoassays/Flow/Cytometry) (HLAGAEAB)

Keywords

• Urinalysis testing services
• Drug test panels
• Medication monitoring
• Forensic toxicology lab
• Addiction treatment testing

Headquarters

HQ city

Plain City

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Urinalysis Testing Services: Precision Labs generates revenue through laboratory testing services provided to healthcare facilities and physicians. They offer both initial immunoassay screening and confirmatory LC MS/MS testing. The company provides testing on an as-ordered basis through their web portal or EMR integration, with a Next Day Guarantee on results for addiction and mental health facilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Precision Labs is a licensed reference laboratory that performs urinalysis drug detection and medication monitoring testing for healthcare facilities and physician practices. Its core testing combines initial Immunoassay screening with confirmatory LC MS/MS (Liquid Chromatography Tandem Mass Spectrometry) testing, delivered through pre-configured drug test panels and supported by an online web portal, EMR/EHR integration, and clinical consultation services.

Product overview

Precision Labs is a licensed reference laboratory offering a unified urinalysis testing platform built around Gold Standard LC MS/MS technology. The portfolio consists of two primary testing methodologies: Immunoassay Urinalysis for initial qualitative screening and LC MS/MS Urinalysis for confirmatory forensic-grade testing. These core services are delivered through various specialized offerings including pre-configured Drug Test Panels (Full Amphetamine Panel, Full Opiate Panel, Full Benzodiazepine Panel, Additional Analytes Panel, EtG-EtS Alcohol Panel, and Specimen Validity Testing). Results are accessed via an Online Web Portal with EMR/EHR integration capabilities. The company provides specialized service verticals for Addiction & Mental Health, Medication Monitoring, and Obstetrics & Gynecology applications.

Differentiator

Problem solved

Functional benefit

Products and services

• LC MS/MS Urinalysis Confirmatory Testing
• Immunoassay Urinalysis Screening
• Drug Test Panels
• Online Web Portal for Ordering and Results
• Medication Monitoring Services
• Addiction & Mental Health Testing Services
• Obstetrics & Gynecology Drug Screening Services

Quantifiable outcome

• 30% of women fill an opioid prescription during pregnancy, and 20% of pregnant women who pass risk questionnaires fail urine screens for opioids
• +3 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Millennium Health: Specialty toxicology reference laboratory offering urine drug testing and pharmacogenetic testing to clinicians. Comparable in target customers (PCPs, addiction specialists, OBGYNs) and in leveraging LC MS/MS confirmatory methodology.
• Aegis Sciences Corporation: Specialty clinical laboratory focused on toxicology and medication monitoring using LC MS/MS. Highly comparable to Precision Labs in technology stack, court-admissible positioning, and behavioral health / pain management customer base.
• U.S. Drug Testing Laboratories (USDTL): Reference laboratory specializing in drug and alcohol testing, including forensic and clinical toxicology, with deep expertise in specialty analytes (EtG, PEth, fentanyl). Closely aligned with Precision Labs' confirmatory testing model and client mix.
• Omega Laboratories: Specialty toxicology reference lab providing urine, hair, and oral fluid drug testing for workplace, legal, and clinical clients. Comparable in forensic-grade positioning and broad analyte menu.
• Dominion Diagnostics: Specialty reference laboratory offering medication monitoring and drug screening services using LC MS/MS to addiction treatment, pain management, and behavioral health providers. Direct overlap with Precision Labs' core verticals.
• Psychemedics Corporation: Laboratory specializing in hair-based drug testing for workplace, legal, and clinical use. Comparable specialty toxicology positioning, although methodology (hair vs. urine) differs from Precision Labs.

Broad incumbents

• Quest Diagnostics: Largest U.S. clinical reference laboratory with a broad menu including workplace drug testing and pain management toxicology. Competes with Precision Labs at scale and on payer contracts, though it serves far more end markets.
• Laboratory Corporation of America (LabCorp): National clinical reference lab with extensive drug testing and toxicology offerings. Overlaps with Precision Labs in medication monitoring but operates at vastly greater scale and with broader payer reach.
• Clinical Reference Laboratory (CRL): Established clinical reference laboratory providing routine and specialty testing, including toxicology and medication monitoring. Comparable service mix with broader geographic reach than Precision Labs.

Emerging players

• Confirm BioSciences: Provider of point-of-care and laboratory drug testing products and services for employers, clinicians, and consumers. Adjacent rather than direct, but competes for the same downstream testing dollars in some PCP and OBGYN channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/urinalysislabs

Revenue estimate

Valuation estimate

Number of profiles

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 Precision Labs