Information is a key component, which is a virtual source in all aspects of business. The information helps create a good balance between analytics, business information, customers, suppliers and sales. Without proper use of information, companies may struggle to understand aspects of their business, such as information tracking, validated decision making, performance measurement and the ability to identify new business opportunities. In this text, we will talk about how a Laboratory Corporation of America, also known as LabCorp, uses each of these functions, to ensure better business practices and adequate regulatory oversight of the business components, which make this business challenging. First, this text will discuss some background on Labcorp to form a better understanding of the business and the practices used. Labcorp is one of the world's largest clinical laboratories, comprising many wholly owned subsidiaries. Laboratory Corporation of America's LabCorp website (2013) has over 220,000 customers and processes over 400,000 samples per day. LabCorp uses an innovative clinical laboratory sample processing, reporting and analysis information system to create seamless, easy-to-use sample processing and analysis. This process has developed over time and LabCorp has grown into a robust multi-laboratory testing facility through the acquisition and absorption of numerous specialty laboratories. Since the acquisition of branches has been an important part of the growth of this business, information technology has had to grow along with it, as the connection between all sites has become critical for survival, to maintain the position of a major multifunctional laboratory magnate (Laboratory Corporation of America, 2013). The information is a fundamental...... half of the paper......, compared to what was actually received in the LabCorps laboratory. If any information does not match, patient samples will be tested, but the results will be withheld until an adequate investigation of the information has been made. The integration of these information systems allows LabCorp to produce high-quality results, store patient information and samples received, and produce results in a very limited time. Beacon SIS and Touch allow all forms of clinics, hospitals and blood collection sites to operate efficiently; create a better customer and patient experience by streamlining sample information processing (Laboratory Corporation of America (2013). Works CitedLaboratory Corporation of America. (2013). LabCorp Company History. Retrieved from https://www .labcorp.com/wps/portal/!ut/p/c0/04_SB8K8xLLM9MSSzPy8xBz9CP0os_hQV5NgQ09LYwMLR29XA09_V4vQENNQYwMjU_2CbEdFAGH21P8!