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March 2013

Palmetto’s Prostate Biopsy Policy Removed after Talks with CMS

Clinical Laboratory / By

THERE IS SOME POSITIVE LAB INDUSTRY NEWS that has not been widely reported yet. It involves a decision to change an unwelcome Medicare policy that limited the number of prostate biopsy specimens per case that would be reimbursed. After discussions between lab industry groups and the federal Centers for Medicare & Medicaid Services (CMS), Palmetto …

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Two MTs Launch New Lab In Aberdeen, North Carolina

Clinical Laboratory / By

CEO SUMMARY: Although located in the same region as two of the nation’s largest laboratory companies, newly-created Triune Laboratory, Inc., is reporting steady growth and acceptance by physicians in the community. Founded by two medical technologists and partially funded by a pathologist, this new lab company demonstrates that many physicians are ready to support an …

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LipoScience Completes IPO, Raises $44.9 Million from Sale

Clinical Laboratory / By

IT HAS BEEN A WHILE since a laboratory company has successfully completed an initial public offering (IPO). Thus, it is notable that LipoScience Inc., of Raleigh, North Carolina, recently accomplished that feat. On January 24, 2013, Liposcience closed its IPO and raised $44.9 million. It now trades on NASDAQ under the stock symbol LPDX. The …

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EHR Donation Ruling in WA Raises Questions for Labs

Laboratory Compliance / By

CEO SUMMARY: When the Washington State Attorney General issued an Attorney General Opinion last fall, he created confusion among pathologists and lab directors whose labs have paid to have EHR software installed in physicians’ offices. The Washington AG’s ruling not only conflicts with federal law, which allows labs to donate EHR software, but raises questions …

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March 4, 2013 “Intelligence: Late-Breaking Lab News”

Late Breaking Lab News / By

Even if not billion-dollar transactions, there are some interesting deals unfolding in the in vitro diagnostics (IVD) marketplace. Last month, HYCOR Biomedical, Inc., of Garden Grove, California, sold its Kova urinalysis system and business “to an affiliate of One Rock Capital Partners, Laurel Crown Partners, and StoneCreek Capital,” according to a Hycor press release. As …

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