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Laboratory War College To Highlight Innovation

Clinical Laboratory Trends / Robert Michel

CEO SUMMARY: Quickly establishing itself as the premiere event for the management of clinical laboratories, this year’s Executive War College in New Orleans offers specialized advice and experience for laboratory administrators. Expect to hear the first public presentations about innovative discoveries which lower costs and boost laboratory performance. SPECIAL PRESENTATIONS scheduled for this year’s EXECUTIVE […]

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“April 21, 1997 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / Robert Michel

Quest Diagnostics Incorporated reported quarterly earnings last week. It is the first look at the financial performance of the newly-independent spin off from Corning Incorporated. The company reported net income of $4.0 million on revenues of $388.1 million. Revenues declined 3.3% from same quarter last year. This indicates that revenue erosion still continues. MORE ON:

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Where’s The Write-down ? LabCorp Faces Key Decision

Laboratory Management / Robert Michel

CEO SUMMARY: Commercial laboratories are recognizing declines in the market value of their assets. LabCorp has yet to do the same. Taken cumulatively, these write-downs demonstrate the sizable revenue erosion that large commercial laboratories experienced during the past three years. Soon it will be LabCorp’s turn to address this issue. MORE THAN $550 MILLION of

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LabCorp Struggling To Regain Financial, Operational Balance

Laboratory Management / Robert Michel

CEO SUMMARY: 1997 will be a “make or break” year for Laboratory Corporation of America. The company is challenged on many fronts. As LabCorp’s management focuses on internal issues, nimble laboratory competitors have an opportunity to capture additional market share. STABILITY CONTINUES to elude Laboratory Corporation of America. Wracked by a variety of setbacks over

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AmeriPath Stock Offering Pulled By Underwriters

Pathology Trends / Robert Michel

CEO SUMMARY: Ameripath planned to go public in March. However, the stock market’s significant decline and further evaluation of the company’s business plan caused Wall Street underwriters to defer issuing the stock. Pathologists are curious as to whether AmeriPath’s “employee” business model influenced decisions about the public stock offering. UNDERWRITERS on Wall Street decided to

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Success Seems Elusive To Pathology Innovators

Pathology Trends / Robert Michel

CEO SUMMARY: Attempts to organize pathology practice management companies encounter resistance and market impediments. Success requires an astute business plan and a sophisticated management team to convince pathologists to abandon proven practice models and affiliate with regional or national pathology companies. PATHOLOGISTS ARE NOTORIOUS for their skepticism and resistance to change. However, during the last

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Another Portent Of Change

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

How many laboratory executives and pathologists consider themselves futurists? Probably not many, because healthcare’s traditional fee-for-service arrangements provided little financial incentive to alter the status quo. Yet I would argue that the radical restructuring of healthcare currently underway demands that laboratory executives acquire the talent for anticipating the future. In 1992, how many laboratory executives

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Florida Medicare Carrier Raises Kickback Issues

Laboratory Compliance / Robert Michel

CEO SUMMARY: When Florida’s Medicare carrier published a notice which defined certain pathology practices to be possible violations of anti-kickback laws, it created uncertainty for labs. DIANON took immediate steps to insure compliance while seeking clarification from regulators on this issue. Developments in Florida signal that regulators may be preparing to target laboratories for more

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“March 31, 1997 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / Robert Michel

After THE DARK REPORT’S Executive War College on Medical Laboratory Networking in New Orleans on May 20-21, two other interesting laboratory meetings are scheduled. First up is the 15th annual symposium presented by the University of Michigan’s Department of Pathology. Scheduled for May 28-30 in Ann Arbor, Michigan, it is titled “Automated Information Management In

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Questions, Answers & Viewpoints

Laboratory Automation / Robert Michel

Dear Editor: The story in your February 17 issue about laboratory automation as viewed by an industrial engineer was fascinating. He did a great job of helping me understand how to look at clinical laboratory automation. However, you say nothing about the centralized/decentralized issue. Isn’t automation predicated on the concept of a centralized laboratory with

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