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Late Breaking Lab News

“July 7, 2003 Intelligence: Late Breaking Lab News”

Employers should brace for another round of higher health insurance costs. The early sign of more double-digit premium increases comes from California. Directors of CALPERS (California Public Employees Retirement System) voted to raise member HMO premiums by an average of between 16….

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“June 16, 2003 Intelligence: Late Breaking Lab News”

Not all segments of the laboratory testing industry are pushing intensely to oppose an expected attempt to reintroduce legislation restoring the 20% patient co-payment for Medicare Part B lab testing services. (See …

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“May 27, 2003 Intelligence: Late Breaking Lab News”

Here’s an early sign that health-insurance premiums will rise by significant amounts for 2004. The U.S. Bureau of Labor Statistics’ Producer Price Index for general acute care hospitals posted its highest-ever one-month increase, jumping 1.4% in April. For the 12 months ending in…

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“May 5, 2003 Intelligence: Late Breaking Lab News”

There are rumors coming from the West Coast that government laboratory regulators are targeting at least one laboratory company for some significant violations. Because allegations of compliance violations by the government can severely damage a lab company’s reputation, there is a tight lid on infor…

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“April 14, 2003 Intelligence: Late Breaking Lab News”

Lab executives and pathologists concerned about closed panel HMOs should closely study a recent Supreme Court decision. On April 2, the court issued a ruling that supports a state’s right to enact “any willing provider” laws. Kentucky had passed two laws requiring health plans to accept all out…

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“March 24, 2003 Intelligence: Late Breaking Lab News”

Wholesale prices for general acute care hospitals has climbed steadily in recent months. As tracked by the U.S. Labor Department’s Wholesale Producer Price Index, hospital prices increased 0.5%. For the 12 months ending in February, hospital prices were up 4.7%. This is almost doub…

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“March 3, 2003 Intelligence: Late Breaking Lab News”

Not too many issues ago, THE DARK REPORT was bemoaning the fact that the pathology profession has yet to replace those pathologist-entrepreneurs of the 1970s and 1980s who built some of the largest laboratory companies still operating today. But that overlooks recognition to pathologist Tom Grogan, M…

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“February 10, 2003 Intelligence: Late Breaking Lab News”

IMPATH, Inc. has replaced its long-time Chairman and CEO in the wake of a scandal involving expense accounts. The resignation of Anu D. Saad, Ph.D., was accepted and became effective today. In her place, IMPATH named Carter H. Eckert, an existing Director, as the new Chairman and CEO…

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“January 20, 2003 Intelligence: Late Breaking Lab News”

December proved to be an eventful month for many companies in the lab industry. Here’s some key items of interest, many to be followed in more detail in coming issues of THE DARK REPORT: •AmeriPath, Inc. is to be sold to Welsh, Carson, Anderson & Stowe, a privat…

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“December 9, 2002 Intelligence: Late Breaking Lab News”

This morning AmeriPath, Inc. announced that it would be purchased by Welsh Carson Anderson & Stowe, a private equity firm based in New York City. Welsh Carson will pay $21.25 per share, a 30% premium over AmeriPath’s closing NASDAQ price of $16.45 on Friday, Decemb…

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