Case Study
Medical Diagnostics Laboratory

Medical Diagnostics Lab Grows from Negative EBITDA to $25M in 18 Months

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BenefitU

Situation

The company’s sales force had revolted against the owner and took 75% of the lab’s customers with them when they left the organization.

Bad morale and a great sense of despondency had swept the company.

The lab had lost money for six consecutive months when we were asked to join the management team.

Situation

The company’s sales force had revolted against the owner and took 75% of the lab’s customers with them when they left the organization.

Bad morale and a great sense of despondency had swept the company.

The lab had lost money for six consecutive months when we were asked to join the management team.

Impact

$25 Million

In company earnings

1400%

Increase in LinkedIn following

15%

Decrease in employee attrition

$25 Million

In company earnings

1400%

Increase in LinkedIn following

15%

Decrease in employee attrition

Approach

Stop the Bleeding

In the discovery phase, we swiftly identified critical areas needing attention. To stop the financial bleeding, we restructured the sales process, implemented account recovery strategies, and provided sales training. Additionally, we outsourced inside sales to generate new customers and rebranded the lab to attract fresh business.

Stop the Bleeding

In the discovery phase, we swiftly identified critical areas needing attention. To stop the financial bleeding, we restructured the sales process, implemented account recovery strategies, and provided sales training. Additionally, we outsourced inside sales to generate new customers and rebranded the lab to attract fresh business.

Rapid and Sustainable Growth

To drive sustainable growth, we shifted to a national distribution model, developed a distributor acquisition strategy, and focused on refining product offerings. A more commercially minded culture replaced the academic focus, supported by mature marketing tactics.

Positioning for Exit

Our long-term goal centered on increasing EBITDA and professionalizing the organization. Continued brand building and inbound marketing, despite challenges like COVID-19, positioned the company for a successful exit strategy.

Approach

Stop the Bleeding

In the discovery phase, we swiftly identified critical areas needing attention. To stop the financial bleeding, we restructured the sales process, implemented account recovery strategies, and provided sales training. Additionally, we outsourced inside sales to generate new customers and rebranded the lab to attract fresh business.

Stop the Bleeding

In the discovery phase, we swiftly identified critical areas needing attention. To stop the financial bleeding, we restructured the sales process, implemented account recovery strategies, and provided sales training. Additionally, we outsourced inside sales to generate new customers and rebranded the lab to attract fresh business.

Rapid and Sustainable Growth

To drive sustainable growth, we shifted to a national distribution model, developed a distributor acquisition strategy, and focused on refining product offerings. A more commercially minded culture replaced the academic focus, supported by mature marketing tactics.

Positioning for Exit

Our long-term goal centered on increasing EBITDA and professionalizing the organization. Continued brand building and inbound marketing, despite challenges like COVID-19, positioned the company for a successful exit strategy.

Stop the Bleeding

In the discovery phase, we swiftly identified critical areas needing attention. To stop the financial bleeding, we restructured the sales process, implemented account recovery strategies, and provided sales training. Additionally, we outsourced inside sales to generate new customers and rebranded the lab to attract fresh business.

Heading

BlueByrd offers a comprehensive array of workshops designed to help management teams take a fresh look at their culture and market. Each workshop is crafted to deliver specific results on their own, but they also integrate with each other to create a powerful combination. This multiday workshop is meant to be held offsite so that management teams can bond and build trust. Stepping outside of your business for a few days can provide clarity and insights that are difficult to obtain while working in your daily routines and dealing with the demands of the business. 

Perfect For:

  • Companies looking for a fresh start
  • New CEOs 
  • Pre and post m&a activity
  • Management teams in need of alignment
  • Companies in need of a turnaround
  • Companies with cultural/morale issues
  • Companies struggling to grow 

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