Issue: Volume IX No. 14 - October 7, 2002

Quiet Progress on the Med Tech Supply Crisis

QUIETLY, WITHOUT MUCH FANFARE, a growing number of laboratory administrators and pathologists are taking action to increase the supply of med techs in their community. It’s the unpublicized response to the headlines about the impending mass retirement of baby-boomer MTs and MLTs. This is a noteworthy story and THE DARK REPORT is proud, once again, …

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New Efforts to Boost Supply of MTs & MLTs

CEO SUMMARY: Most laboratorians are acutely aware that the nation’s pool of trained medical technicians and medical technologists is shrinking even as growing numbers of baby-boomer lab techs approach retirement. Meanwhile, training programs are feeding inadequate numbers of new med techs into the system. To rectify this situation, lab directors are actively working to bring …

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Understanding Demographics Of Med Tech Labor Supply

WHILE THERE’S BEEN PLENTY of publicity about the growing shortage of medical technologists (MT) and medical laboratory technicians (MLT), less attention has been paid to the factors which brought about this situation. For example, a careful study of ASCP (American Society of Clinical Pathologists) data going back to the 1950s reveals some interesting facts. There …

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San Fran Bay Hospitals Jointly Fund MT Training

CEO SUMMARY: Laboratory administrators in 15 Bay-area hospitals created their own plan to expand the available pool of trained med techs. Using a detailed analysis of the demographics of the problem, along with a financial analysis of non-action, they convinced CEOs of 15 hospitals to invest $1.5 million in a five-year training program. EDITOR’S NOTE: …

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ARUP & Mayo Respond To New Market Cycle

CEO SUMMARY: Since the beginning of 2002, several important events changed the competitive status quo among the nation’s leading providers of hospital send-out testing. As part of its ongoing assessment of this market segment, THE DARK REPORT provides strategic management insights from executives at ARUP Laboratories and Mayo Medical Laboratories. IN THE HOSPITAL SEND-OUT marketplace, …

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Quest & LabCorp Encounter Different Business Hurdles

IT’S BEEN TOUGH SLEDDING in recent months for both Laboratory Corporation of America and Quest Diagnostics Incorporated. THE DARK REPORT believes there may be significance in these developments. Both national labs find themselves confronted with unexpected obstacles. Though different, each case may be evidence of subtle changes in the competitive marketplace for physicians’ office testing. …

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“October 7, 2002 Intelligence: Late Breaking Lab News”

Without much fanfare or notice, Liposcience Inc. of Raleigh, North Carolina tested the waters for an initial public offering (IPO) last month. It found market conditions unfavorable for its proposed offering of $92 million and deferred its IPO. Liposcience, with annual revenues of $18.5 million, markets a cardiovascular test built upon nuclear magnetic resonance (NMR) …

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