Henry Schein Medical Expands SolutionsHub with Colaborate

Core Viewpoint - Henry Schein Medical has expanded its SolutionsHub by partnering with Colaborate, aiming to enhance clinical lab operations across the U.S. by improving compliance, operational efficiency, and financial sustainability [1][3]. Company Overview - Henry Schein, Inc. is a solutions company for healthcare professionals, serving over 1 million customers globally with more than 300 valued solutions [6]. - The company operates a centralized and automated distribution network, offering over 300,000 branded and corporate brand products [7]. - In 2024, Henry Schein reported sales of $12.7 billion, with a compound annual growth rate of approximately 11.2% since going public in 1995 [8]. Partnership Details - The collaboration with Colaborate provides laboratories direct access to consulting expertise, enhancing the reliability and reach of Henry Schein's network [2]. - Colaborate has served over 500 institutions since 2005, offering services such as billing and collections, compliance assessments, and performance enhancements [2]. Industry Context - Clinical laboratories are facing increasing financial pressures and regulatory demands, necessitating improved operational efficiency and profitability [3]. - The partnership aims to simplify laboratory management and optimize financial outcomes, allowing healthcare organizations to focus on patient care [4].