Month: June 1998

Executive War College Goes International

IT MAY SURPRISE MANY PEOPLE TO LEARN THAT THIS YEAR’S Executive War College in New Orleans attracted registrants from New Zealand and Germany. What may be even more surprising is the reason they traveled from overseas to come to this particular program. Our editor met with them and learned some intriguing and useful things that I …

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Private Consortium Plans To Decode Human Genes

CEO SUMMARY: Five years ago, the only option for mapping was to involve the government. New advancements in technology have lowered costs so radically that now private companies are willing to use their own funds to map the human genome. This brings the day ever closer when genetics-based diagnostic tests replace existing phenotypic-based diagnostics. Advances …

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Premier Explains Reasons It Sees Lab As Strategic

CEO SUMMARY: Premier’s strategic alliance with Quest Diagnostics Incorporated represents a fundamental shift in the marketplace for hospital-based clinical laboratory services. This was a project developed by Premier, in response to its evaluation of marketplace trends affecting hospitals and their laboratories. For that reason, lab industry executives should pay close attention to why this alliance …

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Premier Executive John Biggers Discusses Reasons For Laboratory Initiative

CEO SUMMARY: Because of Premier’s influence with 1,700 of the nation’s 5,000 hospitals, laboratory administrators and executives should realize that this strategic services alliance between Premier and Quest Diagnostics Incorporated will change traditional laboratory practices, regardless of whether the alliance proves successful or not. This interview with Premier Vice President John Biggers reveals the story …

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Humana, Inc. Acquired By United Healthcare

CEO SUMMARY: Clinical laboratories will see increased concentration of laboratory purchasing as a result of this merger. The combined company will insure 19.2 million people in 48 states. This transaction confirms that consolidation proceeds in all areas of the healthcare industry, despite financial setbacks by large companies in several sectors. IT MAY BE A CASE …

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HMOs Planning Double Digit Premium Increases For 1999

EXPECT THE HMO INDUSTRY TO PUSH double digit premium increases on employers for 1999. This will cause political and financial repercussions which impact clinical laboratories. “I think the honeymoon is over,” stated Henry Moyer, healthcare consultant with New York-based Hirschfield, Stern, Moyer & Rose. During the period of 1994-1996, employers saw increases to healthcare premiums …

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“Disease Management” Firms, Niche Labs Release Financials

Two DISEASE MANAGEMENT FIRMS enjoyed strong revenue growth during the first quarter of 1998. UroCor, Inc. and Impath Inc. posted revenue increases of 31% and 49%, respectively, over first quarter 1997. UroCor is the disease management company which serves urologists throughout the United States. The company’s first quarter financial performance showed strong revenue growth but …

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“June 15, 1998 Intelligence: Late Breaking Lab News”

Clinical laboratories continue to find their customers undergoing major consolidation. This time it involves two giants in long term care Health Care Corporation of Toledo, Ohio and Manor Care Inc. of Gaithersburg, Maryland are merging. The combined company will operate 292 long term care facilities, plus a large number of other healthcare facilities such as …

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