In the rapidly evolving landscape of healthcare, the need for innovation has never been more critical. At the forefront of this transformation is Chad Price, the innovative entrepreneur behind MAKO Medical. Known for its groundbreaking approaches to laboratory testing and healthcare delivery, the company has set a new benchmark in quality and accessibility. With a strong foundation in value-based care, MAKO Medical is reshaping healthcare delivery to prioritise patient outcomes over traditional fee-for-service models.
This article delves into Chad Price’s leadership, the innovative strides of MAKO Medical, and the broader implications for healthcare as we approach 2025. By focusing on accessibility, technological integration, and community impact, MAKO Medical is not only addressing the challenges of today but also laying the groundwork for a healthier future.
Chad Price and the vision behind MAKO Medical
Chad Price embodies the spirit of innovation. As the founder of MAKO Medical, his mission has been clear from the start: to disrupt the traditional healthcare testing model and deliver a superior experience for patients and providers alike. Alongside his brother and a close friend, Price identified significant gaps in the healthcare and laboratory testing sectors and sought to fill them with a more customer-focused approach.
Since its establishment in 2014, MAKO Medical has grown exponentially. Today, it serves clients across ten states, offering timely and precise laboratory results that empower clinicians to make informed decisions. Under Price’s leadership, MAKO Medical has received accolades such as being named one of Forbes’ Best Startup Employers in 2020 and securing a position among North Carolina’s Top 125 Private Companies. These achievements highlight Price’s commitment to excellence and his knack for anticipating the needs of a changing industry.
Beyond business success, Price is a staunch advocate of giving back to the community. From supporting over 300 nonprofits to creating jobs for military veterans, his philanthropic initiatives reflect a deep-rooted belief in making a tangible difference. His vision extends beyond profits; it’s about fostering a healthier society through innovation, accessibility, and value-driven care.
Value-based care: The backbone of future healthcare
At the core of MAKO Medical’s success is its unwavering commitment to value-based care, a model that prioritises patient outcomes over service volume. This approach represents a significant departure from the traditional fee-for-service framework, which has long dominated the healthcare sector. By focusing on value-based care, MAKO Medical ensures that its services are both cost-effective and centred on improving patient health.
Chad Price has been instrumental in this shift. Recognising the inefficiencies of the fee-for-service model, he spearheaded MAKO Medical’s transition to a system that rewards quality over quantity. This strategic pivot has enabled the company to enhance care delivery while optimising resources. For example, by leveraging advanced technologies, MAKO Medical can provide faster and more accurate test results, which directly contribute to better clinical outcomes.
As the healthcare industry continues to embrace value-based care, MAKO Medical’s approach serves as a blueprint for others. By aligning incentives with patient well-being, the company not only addresses immediate healthcare needs but also fosters long-term sustainability in the sector.
Key innovations at MAKO Medical
Innovation is the lifeblood of MAKO Medical, and under Chad Price’s leadership, the company has introduced several groundbreaking initiatives to revolutionise healthcare delivery:
- Mobile Testing Units: Recognising the challenges faced by underserved and rural communities, MAKO Medical has deployed mobile testing units to bring laboratory services directly to these areas. This approach eliminates barriers such as transportation and time constraints, ensuring that more people have access to essential diagnostic services.
- AI and Automation: To improve efficiency and accuracy, MAKO Medical has embraced cutting-edge technologies like artificial intelligence and robotics. These tools streamline lab processes, reducing human error and enabling faster turnaround times for test results. By integrating AI-driven solutions, the company is setting new standards in precision and reliability.
- Home-Based Sample Collection: In response to the growing demand for convenience, MAKO Medical offers home-based sample collection services. Patients can now provide samples from the comfort of their homes, reducing the need for in-person visits and enhancing the overall patient experience.
- MAKO University: Addressing the industry’s talent shortage, MAKO Medical established MAKO University to train the next generation of healthcare professionals. Through accredited programs like phlebotomy training, the institution equips students with the skills needed to excel in the field while supporting the company’s growth.
Each of these innovations reflects Chad Price’s commitment to bridging gaps in healthcare delivery. By focusing on accessibility, technology, and education, MAKO Medical continues to lead the way in transforming how care is delivered.
The broader healthcare landscape in 2025
As healthcare evolves, the industry faces unprecedented challenges and opportunities. The integration of value-based care and innovative technologies is driving systemic changes that are reshaping patient experiences and outcomes. By 2025, healthcare is expected to pivot more decisively toward models that prioritise patient-centric solutions and efficiency.
Chad Price’s leadership at MAKO Medical positions the company as a vital player in this transformation. Key industry trends, such as the growing reliance on artificial intelligence (AI), telemedicine, and personalized care, align closely with the innovations of MAKO Medical champions. For example, AI-driven analytics are becoming indispensable in diagnostics, and MAKO Medical’s adoption of robotics and automation underscores its forward-thinking approach.
However, challenges persist. The ongoing shortage of healthcare professionals, especially in rural areas, demands creative solutions. MAKO Medical’s mobile units and home-based testing address these gaps by delivering care where it’s needed most. Similarly, the shift to value-based care requires providers to balance financial sustainability with quality outcomes—a challenge that MAKO Medical tackles with its advanced methodologies and patient-focused strategies.
Community impact and philanthropy
MAKO Medical’s commitment to community well-being is not just a corporate value but a driving force behind its operations. Chad Price has made philanthropy an integral part of the company’s mission, demonstrating how healthcare organisations can contribute to societal progress beyond clinical services.
One standout initiative is the employment of military veterans in logistics roles, providing meaningful opportunities for those who have served the nation. Additionally, MAKO Medical has supported over 300 nonprofits, addressing issues ranging from education to healthcare accessibility. For instance, the company has partnered with schools across North Carolina, pledging financial support to enhance educational outcomes.
These efforts reflect a broader philosophy that aligns business success with social responsibility. By fostering strong ties with local communities, MAKO Medical not only strengthens its brand but also creates a ripple effect of positive change. For healthcare organisations aiming to replicate this model, Chad Price’s approach offers a blueprint: align philanthropic goals with core business values to maximise impact.
The future with MAKO Medical
As we approach 2025, MAKO Medical’s trajectory illustrates what’s possible when innovation meets purpose. Under Chad Price’s leadership, the company has redefined healthcare diagnostics, setting benchmarks for accessibility, accuracy, and efficiency. By embracing value-based care, MAKO Medical is leading a paradigm shift that prioritises patient outcomes over traditional metrics.
Looking ahead, MAKO Medical’s influence is poised to grow. The company’s investments in AI, automation, and mobile services will continue to address critical gaps in healthcare delivery. Meanwhile, its commitment to education and workforce development ensures a steady pipeline of skilled professionals to meet industry demands.
Chad Price’s philosophy of aligning business goals with community impact provides a compelling vision for the future. By addressing both local and global challenges, MAKO Medical exemplifies how healthcare organisations can drive meaningful change. For residents of North Carolina and beyond, the company represents a beacon of hope, innovation, and excellence.
Pioneering a healthier tomorrow with MAKO Medical
The healthcare landscape in 2025 will undoubtedly be shaped by leaders who prioritise innovation, accessibility, and community engagement. Chad Price and MAKO Medical embody these values, demonstrating how a focus on value-based care can transform patient experiences and outcomes. From mobile testing units to AI-powered diagnostics, the company’s initiatives are paving the way for a more equitable and efficient healthcare system.
As MAKO Medical continues to expand its reach and influence, its model serves as an inspiration for the broader healthcare industry. By championing patient-centric solutions and investing in community well-being, Chad Price has created a legacy that extends far beyond the laboratory. For North Carolina and the wider healthcare sector, MAKO Medical is not just a leader but a catalyst for a brighter, healthier future.
