Elizabeth Homes is a change agent!
She dropped out of Stanford as a sophomore and used her tuition money to found Tharanos. A decade later, the company has introduced a radically new blood testing service. The plan is to roll out the testing services nation-wide in partnership with Walgreens. Pricing is half that of traditional phlebotomy practices.
Tharanos’ vision: Make actionable health information accessible to people everywhere at the time it matters most.
How Phlebotomy is traditionally done:
- Someone with special training sticks a needle in patient’s vein
- Draw vials of blood (a big one for every 1 or 2 tests)
- Send them off to a lab
- Run expensive, labor-intensive and time consuming tests
- Wait days (or weeks) for the results
The Tharanos method:
- Pin prick
- Collect a drop of blood
- Send them off to the lab
- Run highly automated tests – many tests can be performed on a single drop of blood
- Wait 4 hours for the results
The big advantages are obvious, less pain to the patient and a radically reduced cost. Reduced anxiety since the patient only has to wait a few hours (not days) for the result.
- Less human handling, less opportunity for error
- More frequent testing means preventative tests and trend studies – testing today is mostly reacting to a “situation”
- Less pain/fear means higher likelihood patient will show up for follow-up testing
- Faster clinical trials – agile trial methods
- Patient empowerment
This is the kind of world-changing technology that radically cuts health care costs while making huge increases in patient care. Kudos Ms. Homes!