Month: August 2006

Medicare’s Lab Competitive Bidding Demonstration

EVERYONE SHOULD MARK JANUARY 1, 2007 ON THEIR CALENDARS. On that date, just 14 weeks from now, Medicare administrators intend to announce which laboratory bidders will be allowed to provide lab testing services in the laboratory competitive bidding demonstration that was mandated by the 2003 Medicare bill. Never mind that officials at the Centers for …

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Lab Competitive Bidding Project Slated For Jan. 1

CEO SUMMARY: In a rather quiet fashion, Medicare officials have disclosed timetable dates for implementing the laboratory competitive bidding demonstration mandated by the 2003 Medicare spending bill. Medicare intends to announce the names of participating laboratories by January 1, 2007. It also wants to implement demonstration pricing in the target regions by April 1, 2007. …

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Siemens’ IVD Purchases Are a Major Investment

CEO SUMMARY: In the space of just nine weeks, Siemens AG purchased Diagnostic Products Corp. (DPC) and Bayer Diagnostics. Siemens paid $1.86 billion and $5.31 billion, respectively, for the two invitro diagnostics (IVD) companies. Once it closes the acquisition of Bayer Diagnostics, Siemens will have the third largest IVD business in the world. Experts predict …

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IVD Executive Discusses Three Developing Trends

CEO SUMMARY: In a refreshingly candid assessment of current technology published in IVD Technology magazine, one lab industry executive describes both the successes and the failings of analyzers, automation, and software. He offers three trends he expects will address the deficiencies of the current generation of products. Help appears to be on the way, even …

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Pathologist-Entrepreneurs Offer New Lab Automation

CEO SUMMARY: Since October 2003, the core laboratory of Detroit Medical Center University Laboratories has operated with a home-grown total laboratory automation (TLA) system. The 100-foot automated line currently connects to 11 instruments and the hardware cost only $200,000 to build and install. Not only did it allow 20 medical technologists to shift to other …

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Supremes Rule Against LabCorp On Test Patent

CEO SUMMARY: It’s a bad news/good news outcome for pathologists and lab administrators hoping for clearer guidance on patents granted for DNA and other diagnostic technology. The bad news is that LabCorp gets no relief from lower court rulings that it infringed patents on homocysteine testing. The good news is that three justices wanted to …

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August 14, 2006 “Intelligence: Late Breaking Lab News”

Here’s some useful information for pathologists and practice administrators trying to gauge the interest that urologists, gastroenterologists, and dermatologists have in capturing the anatomic pathology revenues generated by their patient referrals (the TC/PC trend). Pathology Service Associates of Florence, South Carolina recently conducted a Web survey on this topic. 32% of the respondents said that …

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