Babson Diagnostics Launches BetterWay Across Austin
July 10 2024 - 8:00AM
Business Wire
BetterWay™ brings a true alternative to
traditional blood testing with affordable, convenient, and accurate
testing in retail pharmacies.
Babson Diagnostics, a science-first healthcare technology
company, is excited and proud to announce the launch of its
groundbreaking blood testing service. BetterWay blood testing
represents a significant advancement in an essential medical
service, providing a patient-preferred experience and enabling
high-quality testing in more convenient settings.
Blood testing is the best way to monitor and manage health and
makes up 70% of a patient’s medical chart. In the U.S., 14 billion
laboratory tests are ordered annually to diagnose and monitor
critical medical conditions such as heart disease, diabetes,
thyroid disease, and infections. Yet 40% of people say they avoid
doctor-recommended testing for many reasons, including
affordability, fear of needles, discomfort, and inconvenience.
What is BetterWay?
BetterWay is a first-of-its-kind lab test that uses a small
amount of blood—about the size of a pea—from a fingertip.
BetterWay’s unique finger collection device, technology ecosystem,
and state-of-the-art microsample lab eliminate the need for a
phlebotomist, needles, and the vials of blood typically required
for diagnostic lab testing.
Austin is the launching pad for BetterWay, which is now
available at select locations including H-E-B Pharmacy, Peoples Rx
and Lake Hills Pharmacy, where trained pharmacy staff collect
samples and use automated technology to prepare and store them.
Couriers transport the samples to Babson’s Austin-based,
CLIA-certified lab, and medically accurate, easy-to-understand test
results are available within a day or two.
“We’ve achieved something that many said could not be done,”
said David Stein, Babson’s chief executive officer. “Our team has
worked for years to completely reimagine blood testing to put the
customer first. We said from day one that we want to be the blood
test people don’t skip. With BetterWay, we are eliminating barriers
and making it easier for consumers to get the blood tests they need
both for preventative care and the management of chronic
conditions.”
Key Benefits
- Convenient: Consumers can get tested at places where
they already shop that have convenient retail hours in the evenings
and on weekends. Babson's studies show a strong preference for the
retail pharmacy location and pharmacy team members as collection
techs.
- Accurate: Babson conducted 44 clinical studies involving
nearly 1 million blood tests to ensure that BetterWay results are
equivalent to traditional blood testing methods and can be used for
clinical decision-making, diagnosis, and treatment.
- Patient-centered: BetterWay offers an extensive menu
covering testing needed for annual wellness exams, chronic
condition management, and screenings. Insurance is accepted for
testing ordered by a clinician for medical care. Consumers can also
order tests for themselves online, with pricing up to 50% less than
other self-pay options.
- Less invasive: BetterWay’s unique collection device,
developed in partnership with BD (Becton, Dickinson and Company),
improves access for people who fear needles, have difficult veins,
or faint when having blood drawn, a condition known as vasovagal
syncope.
“We started Babson with a simple idea—to create blood testing
that focuses on the most important element, the customer,” said
Eric Olson, founder and chief operating officer. “I’m proud of what
we have accomplished, but this is only the beginning of our
journey. We look forward to bringing high-quality, affordable lab
testing to more communities.”
Austin clinicians are already seeing the benefits of BetterWay
for their patients and medical practices.
“BetterWay blood testing offers convenience and results patients
and practitioners can rely on,” said Dr. Thomas Blevins, an
endocrinologist at Texas Diabetes & Endocrinology in Austin.
“Babson’s approach allows patients to get labs done in a timely
manner at a location they know and trust, while giving us the
actionable information we need to evaluate their health.”
Babson plans to partner with additional medical practices and
bring BetterWay to more retail pharmacies across Austin and San
Antonio by the end of the year. For a list of current retail
locations, please visit BetterWay.com/locations.
About Babson Diagnostics
Babson Diagnostics is a science-first healthcare technology
company reimagining the entire diagnostic blood testing experience.
Babson's mission is to make routine blood testing less invasive,
more convenient, and affordable, empowering people to take charge
of their health. Based in Austin, Babson is led by individuals with
deep experience in healthcare, diagnostics, engineering, and
laboratory technologies. The company is named in honor of Art
Babson, whose legacy of scientific innovation and excellence is the
foundation on which the company is built. For more information,
visit babsondx.com.
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Media inquiries only: Joe Foster
BabsonDX@finnpartners.com 323-572-5361
For general inquiries: discover@babsondx.com