January 2016

Labs Can Earn Revenue Through Data Analytics – December 28, 2015

CEO SUMMARY: There is a new buyer for lab test data, creating an opportunity for labs to build a new revenue stream. Medivo, Inc., of New York, describes itself as a healthcare data analytics company whose mission is to unlock the power of lab data to improve health. It works with clinical labs and pathology groups to de-identify and integrate […]

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NY Times Asks: ‘Is Lab Testing the Wild West?’

Commentary and Opinion by R. Lewis Dark / R. Lewis Dark

HOW MANY OF YOU SAW THE NEWS STORY PUBLISHED LAST MONTH by The Wall Street Journal with the headline, “Is Lab Testing the ‘Wild West’ of Medicine?” It is the latest in a series of news stories about issues and questions involving the accuracy and quality of clinical laboratory tests delivered to patients daily here

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Florida Legislators to Hold Hearing on Bill About Payer Use of Decision Support for Lab Orders

Clinical Laboratory Trends / Robert Michel

CEO SUMMARY: Physicians in Florida and their state medical associations continue to battle UnitedHealth over its laboratory benefit management program that uses the lab test ordering system by BeaconLBS, a business unit of LabCorp. The latest round in this fight is language in a Florida Senate bill that would prohibit the use of a “clinical

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Despite Tough Anatomic Pathology Market, Bostwick Opens New Laboratory

Pathology Trends / Joseph Burns

CEO SUMMARY: Once again, entrepreneur and pathologist David G. Bostwick, MD, is starting up a new lab company. Granger Diagnostics is now open and is located in North Chesterfield, Virginia. It is designed to be an anatomic, clinical, and molecular pathology reference laboratory. In an exclusive interview, Bostwick identified three substantial changes that have happened

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Direct Access Test Laboratories Targeted by NY State Attorney General

Clinical Laboratory / Joseph Burns

CEO SUMMARY: Following an investigation of two lab companies providing direct access testing in New York State, the New York Attorney General entered into agreements with each lab company. Direct Laboratories, LLC, of Mandeville, Louisiana, agreed to cease offering DAT services in New York, pay restitution to patients, and pay a fine to the state.

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New Company Tracks Details and Prices For 60,000 Molecular and Genetic Tests

Genetic Testing / Joseph Burns

CEO SUMMARY: Advances in the speed, accuracy, and cost of next-generation gene sequencing making it possible for clinical labs to create thousands of new tests. How many new tests? NextGxDx, an information technology company, says the nation’s clinical laboratories are introducing new molecular and genetic tests at the rate of 10 per day! The company,

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After Theranos-Safeway Split, Grocer Picks Sonora Quest Laboratories

Clinical Laboratory Trends / Joseph Burns

IT’S RARE TO FIND ONE COMPANY STEP IN after another fails to execute a business strategy successfully. But that happened when Sonora Quest Laboratories in Scottsdale, Arizona, moved to fill the void created when Theranos Inc. did not fulfill an agreement to open patient service centers (PSCs) in Safeway stores in Arizona. Since last month,

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LabCorp to Purchase Pathology, Inc. in Calif.

Pathology Trends / Joseph Burns

CEO SUMMARY: It is one of those clinical laboratory deals that was announced before the end of 2015. Laboratory Corporation of America said it will acquire most of the operating assets of Pathology Inc., of Torrance, California, and that the acquired lab “will cease operations” upon the closing of the transaction. It has been six

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January 19, 2016 Intelligence: Late Breaking Lab News

Late Breaking Lab News / Robert Michel

Sakura Finetek USA, Inc., announced on January 5 that it had acquired 100% of the stock of GeneMed Biotechnologies Inc., of South San Francisco, California, along with its “tissue-based advanced staining business for cancer detection, diagnosis, and monitoring.” GeneMed’s liquid-based molecular products were not part of the acquisition and will be put into an independent business.

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Doctors’ resistance to BeaconLBS comes to Florida legislature

TDR Insider / Mary Van Doren

CEO SUMMARY: THE DARK REPORT IS THE ONLY LAB INDUSTRY NEWS SOURCE to report on this important development. A hearing took place recently on a healthcare bill in the Florida senate. Physicians in Florida are working to get language inserted into a state law that would restrict the ability of health insurers to use a clinical decision support

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