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September 2003

NY Labs Had Unique Problems During August Power Outage

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WHEN THE POWER OUTAGE on August 14 hit states from New York to Michigan, the crisis plans of laboratories throughout the region were put to the test. For the most part, laboratories across this region were prepared and continued to deliver the most critical testing services. Even where operations were disrupted, once power was restored, …

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“Lean” Quality Methods Transform Core Lab In Florida Hospital

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CEO SUMMARY: DSI Laboratories of Fort Myers, Florida became the nation’s first hospital laboratory to apply the “Lean” quality management system to a high volume core laboratory. In just 13 weeks, DSI’s Lean team created a work cell which performs 80% of the test volume in a 400-bed hospital and is staffed by just two …

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IMPATH Delisted by Nasdaq, Under Investigation by SEC

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EFFECTIVE AUGUST 27, Nasdaq Stock Market, Inc. delisted the stock of IMPATH, Inc. Less than a week earlier, IMPATH had disclosed that it was under investigation by the Securities and Exchange Commission (SEC). IMPATH can truly be described as a company under siege. It is short of cash, under regulatory investigation, and defending itself from …

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20% Medicare Co-Pay A Blow to Regional Labs

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CEO SUMMARY: Informed speculation indicates that private health insurers are likely to adopt some form of laboratory test co-payment if the proposed Medicare 20% lab test co-pay legislation becomes law. For hospital laboratory outreach programs, the resulting reduction of reimbursement and associated higher costs of billing small amounts to patients would prove to be financially …

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“September 8, 2003 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By

Early last week, Laboratory Corporation of America announced an out-of-court settlement in its lawsuit involving its subsidiary, DIANON Systems, Inc. As plaintiff, DIANON had sued five former DIANON employees and their new company, DiaPath LLC. The claims involved “unfair trade practices” by DiaPath representatives, who had approached DIANON customers and encouraged them to switch their …

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