Month: May 2022

Labs Can Expect COVID-19 Lab Testing Audits and Federal Investigations

This is an excerpt of a 2,081-word article in the May 16, 2022 issue of  THE DARK REPORT. The full article is available to members of The Dark Intelligence Group. CEO SUMMARY: Billions of federal dollars were paid out for needed SARS-CoV-2 testing during the pandemic. Now, even the best-run clinical laboratories and pathology groups …

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Data Innovation Plays a Key Role on Future Fronts

BETTER COLLECTION AND USE OF CLINICAL DATA WAS A PROMINENT THEME discussed by attendees at last month’s annual Executive War College Conference on Laboratory and Pathology Management in New Orleans.  Laboratory directors and pathologists have long known that such data can be considered a holy grail in healthcare. However, reaping a financial windfall from this …

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Innovation Showcased at Executive War College

CEO SUMMARY: This year’s Executive War College on Laboratory and Pathology Management proved to be a high-energy event. A record 900 attendees showed up and responded enthusiastically to visions and predictions of a post-COVID-19 healthcare system that hungers for large volumes of lab test data. Speaker after speaker emphasized that clinical laboratories willing to be …

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Intermountain Health Merges with SCL Health

CEO SUMMARY: Mergers and acquisitions involving large integrated delivery networks (IDNs) are not only reshaping the nation’s hospital industry. These transactions also transform the way hospitals organize their clinical laboratories. Last month’s merger of Intermountain Health and SCL Health in the Rocky Mountain states comes on the heels of February’s merger in Michigan of Beaumont …

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Labs Can Expect COVID-19 Test Audits, Investigations

  CEO SUMMARY: Billions of federal dollars were paid out for needed SARS-CoV-2 testing during the pandemic. Now, even the best-run clinical laboratories and pathology groups may have compliance matters to address during upcoming government audits, according to healthcare attorney Matthew Murer. Some sites— including pop-up COVID-19 testing labs—are already feeling the sting of federal …

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California Cancels COVID-19 Test Contract with PerkinElmer

CALIFORNIA HAS SHED MORE LIGHT ON THE DECISION to terminate PerkinElmer’s valuable contract to run the Valencia Branch Laboratory (VBL). The lab has been embroiled in controversy for much of its existence.  The state noted that SARS-CoV-2 testing options for the public played a large part in ending the contract. PerkinElmer notified the U.S. Securities …

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IVD Firms Grow During 2022, but COVID-19 Revenue Dropped

MOST MAJOR IN VITRO DIAGNOSTICS (IVD) MANUFACTURERS started strong in 2022 as their base businesses regained steam and made up for the significant falloff in COVID-19 diagnostic test revenue.  During first quarter 2022 earnings calls with investors, leaders at publicly traded IVD companies said clinical laboratories are interested in expanding test menus on technology platforms …

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May 16, 2022 Intelligence: Late-Breaking Lab News

Chalk up another lab outreach deal for Labcorp. The Burlington, N.C.-based company has agreed to acquire certain assets of AtlantiCare’s clinical laboratory outreach business. The deal was announced on May 9, with no financial terms disclosed. The outreach business of AtlantiCare, based in Egg Harbor Township, N.J., services AtlantiCare Physician Group and affiliated physicians in …

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