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August 1997

Big Hospital-PPM Alliance Announced For New York

Laboratory Management / By

CEO SUMMARY: This alliance involves PhyCor and the New York and Presbyterian Hospitals Care Network. Like the MedPartners/Tenet deal in California reported in our last issue, this joint venture will have far-reaching impact upon the local healthcare marketplace it serves. HOSPITALS ARE LEARNING that physician practice management companies (PPM) might be an effective way to …

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Probe of Columbia/HCA Generates Indictments

Laboratory Compliance / By

CEO SUMMARY: Hospital laboratory executives should pay close attention to how federal prosecutors develop their case against Columbia/HCA. Earlier “Labscam” settlements with commercial laboratories and hospital laboratory billing practices centered around restitution and fines for improper billing. In the case of Columbia, criminal charges against key executives will be an overarching part of this investigation. …

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Corning Stock Price Skyrockets Since Spin-Off Of Corning Labs

Laboratory Management / By

STOCK PRICES of Corning Incorporated have climbed since the divestiture on January 1, 1997 of Corning Clinical Laboratories and Corning Life Sciences into Quest Diagnostics Incorporated and Covance, Inc., respectively. During 1995 and 1996, few laboratory executives knew how much of a financial drag Corning Labs was to its parent company. This financial pressure led …

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Dynacare Inks New Pact With Milwaukee Hospital

Laboratory Management / By

CEO SUMMARY: Dynacare is on the move again. Its latest partnership is with a leading Milwaukee hospital. Dynacare’s aggressive marketing effort to develop joint ventures with hospital laboratories will continue. It may announce more new contracts by year’s end. DEALMAKERS FROM Dynacare’s U.S. operations continue to press hospitals from coast to coast. Last Wednesday Froedtert …

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“August 4, 1997 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By

Impressions from the AACC’s annual convention in Atlanta in July: With more than 16,000 attendees, it is much larger than CLMA. International attendees comprised at least 25% of that number. The exhibit hall is heavy on technical products and instruments. Conspicuously absent as exhibitors were the major LIS vendors and reference laboratories. The AACC’s traditional …

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