October 2018

October 22, 2018 Intelligence: Late Breaking Lab News

Late Breaking Lab News / By Robert Michel

Efforts to enroll one million veterans in a program to determine how genetic variations affect health is moving swiftly. Current enrollment is 700,000 veterans and the one million goal is expected to be reached by 2021. In 2011, the federal Department of Veterans Affairs instituted the VA Million Veterans Program (MVP). MORE ON: Million Vets Recently the …

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Quest Acquires Two Labs, Two Other Health Firms

Laboratory Management / By Joseph Burns

CEO SUMMARY: In the span of four days in September, Quest Diagnostics agreed to buy two lab companies and the lab testing service line of a third firm. In August, it purchased wellness company Provant Health, which had earlier filed a bankruptcy action. Each of these transactions helps Quest concentrate more on proprietary products and …

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Biggest IVD Manufacturers Report Robust Third Quarter Earnings

In Vitro Diagnostics, Laboratory Management / By Robert Michel

In a time of shrinking lab budgets and falling prices for lab tests in the United States, how are the larger in vitro diagnostic (IVD) manufacturers doing? A look at third-quarter financial reports provides useful insights as to which segments within the IVD industry are doing better than others. In alphabetical order, here’s a quick …

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Respected Pathology Consultant Laurence J. Peterson Dies

Anatomic Pathology / By Robert Michel

Many pathologists currently leading academic pathology programs and private pathology groups got some of their best business advice from Laurence J. Peterson, CPA. For more than 30 years, Peterson was involved in the operation of both clinical laboratories and anatomic pathology groups throughout the nation. Peterson’s family reported that he died on December 25, 2017. …

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Medicare Data Makes Pathology Prices Public

Laboratory Billing / By Joseph Burns

CEO SUMMARY: Each year since 2015, Medicare officials have posted the prices charged by every physician. That now makes it possible for pathology group practices to conduct a price study of their region and state to learn how their group’s prices compare with other pathology providers. A national pathology consultant points out that one way …

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Boston Heart Case Ruling Raises Questions for Labs

Laboratory Billing / By Joseph Burns

CEO SUMMARY: Is it a violation of federal healthcare laws when clinical labs pay physicians to mail specimens and/or forgive all or part of patients’ copayments and deductibles? A federal judge’s ruling in a lawsuit against Boston Heart Diagnostics last month dealing with these two actions created a precedent that could affect all labs. It …

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Walgreens, LabCorp Announce Expansion of PSC Partnership

Clinical Laboratory Trends / By Joseph Burns

TWO NATIONAL COMPANIES just signed the lab industry’s largest agreement to put clinical laboratory patient service centers (PSCs) into retail stores. Earlier this month, Walgreens Boots Alliance and Laboratory Corporation of America announced plans to open 600 PSCs in Walgreens stores in coming years. Since June 2017, Walgreens and LabCorp have opened 17 patient service …

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Are More Criminal Charges Coming in Theranos Case?

Laboratory Compliance / By Joseph Burns

CEO SUMMARY: As a going business, Theranos may have been dissolved in September, but it continues to be in the news. The biggest development was a disclosure in federal court earlier this month by federal prosecutors that there may be additional criminal charges to come that go beyond the indictments of former CEO Elizabeth Holmes …

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ACLA Files Appeal in Federal PAMA Lawsuit

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

There is an important new development in the lawsuit in federal court that challenges how the Department of Health and Human Services (HHS) is implementing the Protecting Access to Medicare Act of 2014 (PAMA). An appeal was filed by attorneys representing the American Clinical Laboratory Association (ACLA). On Friday, Oct. 19, the ACLA’s lead attorney on the case, Mark …

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The Next Theranos News Could See More Criminal Charges

TDR Insider / By Mary Van Doren

CEO SUMMARY: THE DARK REPORT has learned – before any other lab news resource – that in the latest in a long line of Theranos news stories, the U.S. Attorney is making statements about the potential for addition criminal charges to be brought in the case beyond those filed against CEO Elizabeth Holmes and former …

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