Since 1995, Reliable Business Intelligence for Clinical Laboratories, Pathology Groups and Laboratory Diagnostics
IF YOU TAKE THE TIME TO STUDY THE FINANCIAL PERFORMANCE of certain public laboratories in 1999 and into 2000, you will be struck by the strong growth and profit numbers. That is contrary to the popular wisdom, which says that the clinical lab industry is in financial doldrums. But the strong financial gains posted by …
Professional Management Does Get Results Read More »
MAYBE THE PENDULUM IS SWINGING BACK IN FAVOR of smaller laboratory organizations. During most of the 1990s, consolidation and large size seemed to generate clout. But huge size didn’t always result in profitable laboratory companies. Witness the red ink spilled from such public laboratory companies as Corning Clinical Laboratories (now Quest Diagnostics Incorporated), Laboratory Corporation of …
How Smaller Lab Organizations Can Compete Read More »
SOMETHING BIG IS HAPPENING to the clinical laboratory industry and the anatomic pathology profession. For the first time in six or seven years, the investment community is paying close attention to the laboratory industry. This should be a welcome development for commercial lab owners and anatomic pathologists. Behind the scenes and out of the headlines, a number …
Investors Returning To Lab Industry Read More »
ONE NEW FEATURE of our annual Executive War College every May is a Lab CEO SUMMIT which takes place on the Thursday after the Tuesday-Wednesday event. It attracts a growing number of senior lab executives and pathologists who come to explore the strategic directions of the lab industry and pathology profession. This year’s Lab CEO …
Labs Should Leverage Their “Crown Jewels” Read More »
OUR FIFTH ANNUAL Executive War College on Lab and Pathology Management is just around the corner. In just a few days, on May 16-17, 400 laboratory executives, administrators and pathologists will gather in New Orleans to learn the latest innovations in the management and operation of laboratories. That makes it timely for this crusty curmudgeon …
Is Your Lab Still Making Buggy Whips? Read More »
REGIONALIZATION OF LABORATORY SERVICES has been the primary theme behind all major changes to the clinical lab industry since the mid-1980s. There have been several phases, such as commercial lab consolidation, and hospital lab consolidation. But a constant factor underlying each of these phases has been the increased regionalization of lab services. THE DARK REPORT …
Laboratory Regionalization Enters a New Phase Read More »
ONE ASPECT OF LABORATORY MANAGEMENT which is seldom discussed is the topic of leadership. Pure and simple, every laboratory organization and pathology group practice needs an effective leader if it is to survive and prosper. This is particularly true as reimbursement for lab services continues to shrink from year to year. In too many laboratory …
Looking for Laboratory Leadership Read More »
NEWS THAT ANOTHER HEALTHCARE GIANT is in financial trouble and the object of an unwanted acquisition offer should not be surprising. Even if Aetna, Inc. is purchased by WellPoint Health Insurance Networks Inc. and ING Group NV, the new buyers must fix the same problems now plaguing the nation’s largest health insurer. (See page 8.) …
Being the Biggest Doesn’t Guarantee Success Read More »
BY NOW MOST OF YOU KNOW THAT PRESIDENT CLINTON’S FY01 BUDGET is not kind to the clinical laboratory industry. It seeks to restore the 20% copayment for lab services, cuts 30% out of the reimbursement for four tests, and institutes the Medicare competitive bidding concept for lab services. Over the last 15 years, the track …
Proposed Federal Budget Threatens Laboratories Read More »
SURPRISE! THERE’S A QUIET MANAGEMENT REVOLUTION UNDER WAY in both the clinical laboratory industry and pathology profession. During the past few years, a steady flow of new-thinking Presidents and CEOs have taken control of laboratories, pathology group practices, and vendor companies. From CEO Ken Freeman of Quest Diagnostics Incorporated to CEO James New of AmeriPath, …
New Blood Entering the Lab Industry Read More »
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