December 2023

Anatomic Pathology Referrals Topic of OIG Advisory Opinion 23-06

THANKS TO A RECENTLY-RELEASED ADVISORY OPINION issued this fall by the Office of the Inspector General (OIG) Department of Health and Human Services, there is a new compliance twist involving billing for the technical component (TC) for anatomic pathology procedures. Advisory Opinion No. 23-06 was released on Sept. 25, 2023. In the opinion, the OIG …

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Artificial Intelligence: Now a Priority for Labs

Clinical Laboratory Trends / By Robert Michel

CEO SUMMARY: It’s time to recognize the field of artificial Intelligence as the next major source of disruption. Not only will clinical laboratories, anatomic pathology groups, and diagnostics companies be disrupted by AI-powered technologies, but experts predict that almost every area of daily life may be transformed in some manner as artificial intelligence becomes more …

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Labs: Be Ready for Data to Dominate Diagnostics

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

By now, it should be clear to clinical lab managers and pathologists that the game in diagnostics is shifting. Traditionally, lab managers considered a primary goal to be the reporting of accurate test results within the target turnaround times. Going forward, that will no longer be enough. Instead, labs will be rewarded for taking lab …

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Most IVD Firms Increase Q3 2023 Base Business Revenue

In Vitro Diagnostics / By Robert Michel

Most in vitro diagnostics (IVD) companies reported increases in base business during the third quarter (Q3) 2023. The numbers, in the single digits, softened the blow from the continuing drop-off in COVID-19 test sales. Manufacturers of tests and laboratory instruments are launching new diagnostics solutions, making greater use of technology, and eyeing possible acquisitions as …

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