Business Chief US+CAN Magazine January 2017 | Page 101

HEALTHCARE very , very , very , very well so you can make informed decisions as to which one of these market models you can participate in and what the advantages and disadvantages are , from a financial perspective .
In order to do that you have to have real-time access to the ways your costs are changing throughout the day . “ What most laboratory companies do is they react on a monthly or weekly or quarterly basis to what happened . To what already happened . We believe it ’ s more important to react while it ’ s happening so we can correct it or change course ,” says Dr Velázquez . So , the business performance division at PAML has engineered a system that keeps track of metrics , on a real-time basis , “ So we always know how we ’ re doing , with pretty much anything , at any given time , with the appropriate report or report structure .”
PAML ’ s role in the economic development of the region , specifically in the area of life sciences , is something very important to the company . To that end , Dr Velázquez is in a number of leadership groups looking at medical education , healthcare , and healthcare-related technology . One of the projects he ’ s currently working on is the new medical school in the area . This , along with other projects , generates dialogue and development throughout the
PAML ’ s General Administration Offices , located in Spokane , WA www . paml . com 101