Month: January 2022

LIS Market Will Change After Oracle and CliniSys Acquisitions

This is an excerpt of a 843-word article in the January 31, 2022 issue of  THE DARK REPORT (TDR). The full article is available to members of The Dark Intelligence Group. CEO SUMMARY: The Oracle and CliniSys acquisitions will create major changes. With its purchase of Cerner Corporation, Oracle becomes the owner of Cerner’s Millennium …

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Witness the Land Grab to Control Healthcare Data

LIKE MOST OF YOU, IT CERTAINLY CAUGHT MY ATTENTION WHEN I LEARNED in December that Oracle will pay $28 billion—with a B!—to buy Cerner Corporation.  I don’t question the value of Cerner’s products; the company has an EHR product that holds significant market share. It also has an impressive list of hospital and health system …

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LIS Market Will Change After Oracle, CliniSys Deals

CEO SUMMARY: With its purchase of Cerner Corporation, Oracle becomes the owner of Cerner’s Millennium laboratory information system (LIS) and CoPathPlus, Cerner’s anatomic pathology LIS. Only three weeks later, CliniSys, a division of Roper Technologies, announced it was acquiring Horizon Lab Systems and would combine the Horizon LIS with its Sunquest Information Systems’ LIS. IN …

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Oracle’s $28b Cerner Deal Shows Value of Health Data

CEO SUMMARY: For three decades, pathologists and clinical lab executives regularly pointed out that clinical laboratory data was extremely valuable. But it seemed nothing changed, no one listened, and labs could not monetize their lab data. Now, one of Silicon Valley’s bigger players in information technology is investing $28 billion to acquire one of the …

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More LIS Consolidation as CliniSys Buys Horizon Lab

CEO SUMMARY: By acquiring Horizon Lab Systems, CliniSys has committed to moving some of its services beyond the clinical laboratory as Horizon sells into other lab markets, such as environmental management. Also, CliniSys will combine with Sunquest Information Systems, bringing two LIS vendors under one corporate brand. It remains to be seen what effect that …

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Non-COVID Part B Lab Spend Declined by 15.9% in 2020

MEDICARE PART B CLINICAL LABORATORY FEE SCHEDULE CUTS mandated by PAMA continue to bite deeply. A new government report shows that during fiscal 2020, the Medicare program spent 15.9% less for lab tests, when COVID-19 test payments are excluded.  The federal Department of Health and Human Services Office of Inspector General (OIG) recently released a …

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Newsmaker Interview

  “Some services that have transitioned to retail pharmacies may essentially bring clinical labs closer to the consumer, which I don’t think labs truly appreciated since they traditionally have not had much direct access to the consumer.” —Lâle White, CEO, XIFIN  CEO SUMMARY: When XIFIN purchased OmniSYS, it put an exclamation point on the growing …

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Sonic Healthcare Acquires ProPath, PathGroup Buys Path Consultants

CONSOLIDATION AMONG PRIVATE PRACTICE ANATOMIC PATHOLOGY GROUPS continues with news that two large regional pathology groups decided to sell to larger pathology companies.  The first transaction announced was on Dec. 16, 2021, when Sonic Healthcare of Sydney, Australia, disclosed that it had acquired Dallas-based ProPath. Sales price and other terms were not announced.  The second …

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Microbiome Startups Pushing into the Clinical Lab Space

REPUTABLE CLINICAL LABORATORY COMPANIES HAVE A NEW COMPETITOR in what has been called the Wild West of microbiome startups.  Some of the companies in this nascent industry have been hailed for developing health breakthroughs while others have been indicted for fraud, according to Kaiser Health News. Either way, these companies are serving up a cautionary …

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Labs Can Team with Employers to Improve Worker Productivity

HEALTHCARE’S ONGOING TRANSFORMATION AND THE EMPHASIS ON VALUE-BASED REIMBURSEMENT are creating a new opportunity for savvy clinical laboratory executives and pathologists. This opportunity is centered around the need of self-insured employers to address the problem of employee presenteeism.  “Helping employers with presenteeism can create a value stream for clinical laboratories,” says Kristine Bordenave, MD, FACP, …

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