Month: February 2022

Pathology Firm’s Investment in AI Signals a New Trend

This is an excerpt of a 1,436-word article in the February 22, 2022 issue of  THE DARK REPORT (TDR). The full article is available to members of The Dark Intelligence Group. CEO SUMMARY: Australian artificial intelligence (AI) company Harrison.ai got AU$129 million from multiple investors, including both Sonic Healthcare—Australia’s largest pathology group—and I-MED Radiology Network. …

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Artificial Intelligence ‘Invades’ Pathology, Billing

Predictions about the potential of artificial intelligence (AI) to transform nearly every area of healthcare are about to become reality. For the profession of laboratory medicine, AI is making speedy inroads into two areas. The first is anatomic pathology and the second is lab coding/billing/ collections—the revenue cycle management (RCM) functions essential to the financial health …

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Labcorp to Buy Outreach, Manage Ascension Labs

CEO SUMMARY: In a blockbuster deal valued at almost half a billion dollars, Labcorp will manage dozens of hospital labs in 10 states on behalf of Ascension Health, one of the biggest health systems in the country. Labcorp will also spend $400 million to acquire certain assets of Ascension’s outreach laboratory services. Labcorp’s CEO characterized …

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Pathology Investment in AI Signals New Trend

CEO SUMMARY: Australian artificial intelligence (AI) company Harrison.ai got AU$129 million from multiple investors, including both Sonic Healthcare—Australia’s largest pathology group—and I-MED Radiology Network. Pathology’s growing interest in AI tools, along with the growing relationship between radiology and pathology business interests, indicate more opportunities in integrated diagnostics that use AI. Technological advancements in diagnostics—and a …

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LIS Pioneer and Entrepreneur Sidney Goldblatt, MD, Dies at 87

IN THE 1970S, THE ARRIVAL OF AUTOMATED LAB ANALYZERS—such as the Technicon SMAC 6 and SMAC 12—also coincided with the introduction of the first laboratory information systems (LIS). Probably no single pathologist had a bigger role in developing useful LIS products than Sidney Goldblatt, MD, who founded Sunquest Information Systems in 1979.  Last month, the …

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Quest and Walmart to Expand Consumer-Initiated Test Options

SERVING CONSUMERS INTERESTED IN ORDERING THEIR OWN CLINICAL LABORATORY TESTS is a goal in an expanded collaboration involving Quest Diagnostics and Walmart. This is also consistent with The Dark Report’s prediction that retail pharmacies are poised to expand the diagnostic testing services they offer to customers.  The development gives Quest a greater chance to meet …

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Labs Should Be Cautious about ‘Surprising’ EKRA Ruling

CONFUSION ABOUT WHEN IT IS LEGAL UNDER TWO FEDERAL LAWS to pay commissions to sales reps based on volume and/or revenue has existed since the passage of the federal Eliminating Kickbacks in Recovery Act of 2018 (EKRA). Now, a district court judge in Hawaii has surprisingly ruled that payments of percentage-based sales commissions to clinical …

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Latest Lab Billing Trends Are AI, More Transparency

CEO SUMMARY: From predictive analytics to data curation to improved online payment options, the newest trends in billing allow clinical laboratories and anatomic pathology groups to boost their financial bottom lines without putting more pressure on patients. Technology is at the core of these developments, particularly software that analyzes and curates clinical and patient data. …

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