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April 2017

April 3, 2017 Intelligence: Late Breaking Lab News

Late Breaking Lab News / By

For readers with a continuing interest in Theranos, the latest development at the troubled lab testing company involves an offer by Founder and CEO, Elizabeth Holmes, to its current shareholders. Various news outlets report that, for existing shareholders who agree not to sue Theranos, Holmes would give them two shares she currently owns for each …

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Will Medicare Lab Test Fee Cuts Happen in 2018?

Commentary and Opinion by R. Lewis Dark / By

CLINICAL LABORATORIES THROUGHOUT THE UNITED STATES ARE BRACING for what Medicare officials say will be fee cuts of $400 million in 2018 alone, followed by additional cuts that will total $5.4 billion over 10 years. Of great concern to community laboratories, small and rural hospitals, and physician office laboratories is that the federal Centers for …

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Medicare Demands Force PGx Lab into Bankruptcy

Laboratory Management / By

CEO SUMMARY: It’s becoming a familiar story. In Houston, a pharmacogenomics lab company started strong in 2011, then payments dropped sharply when Medicare issued restrictive new guidelines for PGx testing. Next, the Medicare administrative contractor handling the claims of CompanionDx Reference Lab canceled the lab’s registry and stopped paying most Medicare claims. In the wake …

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Bostwick Labs Enters Bankruptcy, Poplar Healthcare Makes a Bid

Laboratory Management / By

BANKRUPTCY IS THE LATEST CHAPTER in the business story of uropathologist David G. Bostwick, MD. On March 15, Bostwick Laboratories Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court for the District of Delaware. That same day, Poplar Healthcare, LLC, a specialty lab company in Memphis, agreed to buy the lab company in …

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ARUP Laboratories Earns CAP’s ISO 15189 Accreditation

Laboratory Management / By

CEO SUMMARY: Being accredited to this internationally recognized standard for quality and competence communicates to clients and prospective clients that one of the nation’s largest clinical labs is committed to the highest standards of quality. Clients already knew about that commitment but now have definitive proof, ARUP said. Also, lab administrators believed that gaining accreditation …

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Texas Lawmakers Asked to Stop UHC and BeaconLBS

Clinical Laboratory / By

CEO SUMMARY: In a letter to the Texas Legislature, 20 Texas medical societies say UnitedHealthcare’s BeaconLBS program would be detrimental to patient care. The Texas Medical Association and the Texas Society of Pathologists said they were concerned that the program increases the administrative burden on referring physicians, takes away a physicians’ right to choose a …

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CMS Extends Reporting of Payer Prices by 60 Days

Laboratory Compliance / By

CEO SUMMARY: Last Thursday, the federal Centers for Medicare and Medicaid Services said it was extending the deadline for certain labs to report their private payer lab test prices by an additional 60 days, until May 30. Statements by CMS officials indicate that either or both the number of labs that reported and the volume …

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