- Up to 70% of all medical decisions are based on lab tests. These tests cost between 3% and 6% of total patient-care costs
- The average patient spends about $260 on lab tests, a figure that is mainly associated with waiting for test results
- With point-of-care (“POC”) testing, waiting time can improve by as much as 46 minutes per patient, thus making it cheaper for the patient
- Avricore understands this problem, hence its investment in point-of-care technologies designed to make disease diagnosis easier, affordable, and more efficient
Over the past few decades, disease diagnosis has proven to be the single most important ongoing development in medicine, and for a good reason. The surge in infectious diseases has shown the importance of rapid and accurate diagnosis. Cases of Ebola outbreaks, along with the recent Covid-19 pandemic, have shown the significance of proper diagnosis and, even more importantly, point-of-care (“POC”) testing (https://ibn.fm/gzafZ).
Early and accurate diagnosis has proven to improve the overall effectiveness of treatments while also helping the infected patient avoid long-term complications. Additionally, misdiagnosed or undiagnosed…
NOTE TO INVESTORS: The latest news and updates relating to AVCRF are available in the company’s newsroom at https://ibn.fm/AVCRF
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