Michael Bailey Deputy editor

Michael has been a business journalist for 12 years. He has extensive experience editing magazines covering funds management, commercial property and the travel industry. In 2011 he won a Citi Excellence in Financial Journalism award for a BRW cover story on economic indicators.

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CEO Q&A: Lusia Guthrie, LabTech Systems

Published 24 January 2013 10:52, Updated 05 February 2013 22:08

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How has your industry changed in the past 10 years?

Technology and the internet are revolutionising medicine and healthcare. It is challenging but rewarding to be an innovator today. LBT’s MicroStreak technology is gaining recognition internationally as an important innovation, enabling further advances in microbiology diagnostics.

Where do your best ideas come from?

My ideas arise from varied career experience in the healthcare industry and practical understanding of pathology laboratories and their needs. With my LBT team, we talk, debate and constructively argue; then we let the ideas ferment and settle until eventually we distil and structure them into tangible objectives.

What is your greatest regret in business?

Not having the funding to go as fast as we otherwise could – the engineering effort always goes much faster than we can keep up the money! I really regret that it is taking so long for Australia to realise that we could have a vibrant medical device manufacturing industry if only we would make it a priority.

Name a business leader you admire.

I admire Catherine Livingstone. As chief executive of Cochlear, she was responsible for driving the rollout of its electronic implants to more than 50 countries – still one of the most inspiring Australian success stories of recent times.

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