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Las Vegas Lab Gathering Debates Industry Trends

Clinical Laboratory Trends /

CEO SUMMARY: Always a good forum for discussion of laboratory industry trends, this year’s meeting in Las Vegas addressed government regulation, laboratory automation and everything in between. Here is a brief rundown on some of the more interesting insights and observations. ONLY A LIMITED NUMBER of laboratory programs exist which address the management interests of […]

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SmithKline Announces $325 Million Settlement

Laboratory Compliance /

CEO SUMMARY: Prosecutors continue to investigate. Criminal charges could be forthcoming against the company and individuals. Allegations against SmithKline expand the scope of laboratory practices that government regulators consider to be violations of existing statutes. Despite the fact that Smithkline Beecham’s settlement was expected, details of the case generated surprise among lab industry executives. At

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Government Regulators Transforming Lab Industry

Laboratory Compliance /

CEO SUMMARY: Medicare/Medicaid regulators get serious about laboratory billing and reimbursement practices. Industry observers say it represents a major shift and will have immense financial and operational impact on every clinical laboratory in the United States. FOLLOWING YEARS of “benign neglect” toward Medicare billing practices, regulators will now scrutinize laboratory reimbursement activities with full vigor.

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“March 10, 1997 Intelligence: Late Breaking Lab News”

Late Breaking Lab News /

The field of automated cytology is advancing quickly. Technology is rapidly pushing into the marketplace. Here’s a sampling of recent developments among cytology-based companies… Cytyc Corporation and Laboratory Corporation of America announced on March 6 that a national contract had been signed between the two companies. LabCorp will make Cytyc’s ThinPrep® Pap smear available to

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Cigna Buys HealthSource, Inc., Increases Managed Care Clout

Laboratory Management /

CEO SUMMARY: Consolidation continues among managed care companies. Cigna’s acquisition is an effort to boost its managed care business. Healthsource’s market coverage complements areas where Cigna can use the additional market strength to negotiate more favorable contracts with providers. HEALTHCARE CONSOLIDATION continues with Cigna Corp.’s agreement to purchase Healthsource, Inc. for $1.4 billion. The acquisition

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LabCorp Seeks $500 Million Through Public Stock Offering

Laboratory Management /

CEO SUMMARY: After a financially difficult year in 1996, LabCorp enters 1997 with plans to raise $500 million. Despite the laboratory industry’s poor prospects, LabCorp will probably succeed in raising capital. After this infusion of capital, will LabCorp’s new management team have winning strategies that restore LabCorp to profitability? IMAGINE ASKING WALL STREET for $500

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New York Laboratories Discover New Power

Commentary and Opinion by R. Lewis Dark /

For those of you following the story of New York’s new surcharge on clinical laboratory tests, there is a great lesson to be learned. It is a lesson in the extensive power possessed by clinical laboratories. After New York’s hospital finance reform law passed the legislature last summer, lab industry representatives spoke with state legislators,

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Second War College Set For New Orleans In May

Clinical Laboratory Trends /

CEO SUMMARY: Laboratory consolidation and networking activity continues to intensify. This year’s War College faculty features exceptional stories about what works and what doesn’t. New Orleans is the place to be on May 20-21 for proactive laboratory administrators and pathologists seeking to give their organization a competitive advantage. WHEN THE SECOND EXECUTIVE WAR COLLEGE convenes

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“February 17, 1997 Intelligence: Late Breaking Lab News”

Late Breaking Lab News /

Meris Laboratories of San Jose, California settled government claims of Medicare and MediCal fraud with an agreement to pay $5.2 million. The announcement, on February 12, closes another whistleblower suit. MORE ON: Meris Labs… Besides the cholesterol and serum iron tests which are commonly involved in these settlements, Meris was also nailed for billing hemogram

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An Industrial Engineer Looks At Laboratory Automation And Robotics

Laboratory Automation /

EDITOR’S INTRODUCTION: Last fall, Mark Smythe’s four-part DARK REPORT series about the thirteen “Perilous Parallels” common to commercial laboratory managers provoked widespread response among our clients and readers. We’ve invited him back to address management issues involving laboratory automation and robotics. As an industrial engineer with 35 years experience at some of America’s best-run companies,

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