The Dark Report Archives

Three Public Laboratories Choose New Presidents

CEO SUMMARY: Three public laboratories experiencing serious financial pressure enter the new year with a change in presidents. It is a sign that stockholders and creditors are growing increasingly restless with these organizations’ inability to earn satisfactory profits. Turnover among chief executive officers is usually not a good sign. During the last 45 days, three […]

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Cytyc Corp. Raising $48 Million To Fund ThinPrep Sales Effort

Laboratory Management / Robert Michel

CEO SUMMARY: Armed with FDA premarket approval, Cytyc must now overcome significant obstacles to introduce its ThinPrep Pap smear system into widespread clinical usage. ANOTHER WELL-FINANCED competitor will soon enter the Pap smear marketplace. Cytyc Corporation is offering 3,000,000 shares to the public with the goal of raising $48.2 million. Cytyc will use $25 million

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AmeriPath’s Strategies For Business Success

Pathology Trends / Robert Michel

CEO SUMMARY: Two fascinating aspects about the AmeriPath story are: 1) the strategy to boost share values; and 2) the strategy to develop profitable pathology revenues. With managed healthcare transforming pathology at an astounding rate, will AmeriPath succeed in both strategies? DURING THE LAST YEAR, intense curiosity swirled about AmeriPath, Inc. Pathologists heard plenty of

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It Can’t Happen Here

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

Here is another issue of THE DARK REPORT with stories about radical changes to laboratory organizations. When Canada’s Alberta Province whacked almost 40% out of the healthcare budget over two years, laboratories were left with no option but to engineer radical change. How would laboratories in the United States respond if they were told by

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“January 6, 1997 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / Robert Michel

Interesting bedfellows have come together in Pittsburgh. The University of Pittsburgh Medical Center (UPMC) and Quest Diagnostics Incorporated (formerly Corning Clinical Laboratories) announced an agreement to “explore joint ventures in laboratory testing, medical informatics and molecular diagnostics research.” This is early evidence that Quest seeks to diversify away from routine testing services. MORE ON: QUEST

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1997’s Most Interesting Laboratory Innovators

Laboratory Management / Robert Michel

CEO SUMMARY: During the next year, the clinical laboratory industry faces some of its toughest business challenges in history. Here are eight individuals who possess a unique combination of spirit and grit and seek to transform their laboratory organizations into winners. EXCEPTIONAL PEOPLE are to be found within the clinical laboratory industry. However, because of

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Lab Services In Canada Undergo Radical Changes

Laboratory Management / Robert Michel

CEO SUMMARY: Canada’s single-payer healthcare system is undergoing transformation. Rising costs now compel individual provinces to re-engineer their existing healthcare arrangements. In Alberta, commercial laboratories were forced to merge and cooperate with hospital-based laboratories. UPHEAVALS WITHIN CANADA’S HEALTHCARE SYSTEM radically transforming laboratories. This is particularly true of Alberta, where the province brought both hospital and

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Alberta Lab Regionalization Teaches Four Important Lessons

Laboratory Management / Robert Michel

CEO SUMMARY: When the Province of Alberta sliced more than 30% from the healthcare budget in less than two years, it was borrowing a trick from high performance turnaround experts. Laboratory executives in the United States can use these same management principles in their own laboratory. REMARKABLE ACCOMPLISHMENTS result from setting ambitious goals. In a

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Three National Laboratories Begin 1997 With Challenges

Laboratory Management / Robert Michel

CEO SUMMARY: Expect a number of surprises during 1997. The three national laboratories face unique challenges and must operate with unequal resources. By year’s end, the marketplace for commercial laboratory services will be quite different. However, picking the winners will not be easy. FOURTH QUARTER EARNINGS will not be announced for some time. However, Wall

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