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Volume VI No. 3 - February 22, 1999

Good Market Analysis Leads to Accurate Predictions

Commentary and Opinion by R. Lewis Dark / By

HOW MANY OF YOU REMEMBER WHEN, JUST A FEW YEARS AGO, it was MetPath/Corning Clinical Laboratories (CCL) which was on the financial ropes? At that time, SmithKline Beecham, PLC was expected to be the likely purchaser of CCL. The date was January 31, 1996. The Wall Street Journal reported that Corning Incorporated, CCL’s parent, “is …

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Quest to Pay $1.27 Billion To Buy SB’s Lab Division

Clinical Laboratory / By

CEO SUMMARY: Consolidation is the story of the clinical laboratory industry during the 1990s. The decade will close out with the granddaddy laboratory consolidation of them all! When Quest Diagnostics Incorporated completes its acquisition of SmithKline Beecham Clinical Laboratories later this year, it will become a $3 billion laboratory testing behemoth. Expect the merger to …

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Integrating Quest & SBCL Presents a Big Challenge

Laboratory Management / By

CEO SUMMARY: Will lessons learned during the commercial lab industry’s consolidation frenzy be learned and applied in the Quest-SBCL merger? History has a way of repeating itself. But Quest Diagnostics’ CEO has a different plan. He also has a tool not utilized by lab executives earlier this decade—the customer-first management philosophy of “meeting and exceeding …

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Successful Laboratories Share Winning Methods

Laboratory Management / By

CEO SUMMARY: Leading laboratory organizations from three countries will take the podium at the EXECUTIVE WAR COLLEGE in New Orleans on May 11-12, 1999. Their objective: to share up-to-date information on effective laboratory management strategies and methods used to deal with the challenges of managed care, declining reimbursement and healthcare consolidation. UP-TO-THE-MINUTE DEVELOPMENTS in laboratory …

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Pathology Consolidation Offers Many Local Benefits

Pathology Trends / By

CEO SUMMARY: Consolidation of pathology practices can be a complex and drawn-out process. But it doesn’t have to be that way. During the 1990s, Bayless Pathmark of Cleveland grew from a two-man practice into a regional pathology resource numbering 22 pathologists and serving 10 hospitals. One surprising result of this process was an increase in …

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Bio-Reference Labs, Tenet Healthcare, IMPATH

Laboratory Management / By

BIO-REFERENCE LABS QUIETLY IMPROVING LAB INFORMATION CAPABILITY LABORATORY INFORMATION is the strategic business plan driver at Bio-Reference Laboratories, Inc. of Elmwood Park, New Jersey. The company has begun to install an information management system throughout its laboratory organization. “Introducing this software gives us an ideal solution for managing information, i.e., reports, statements, invoices, and any …

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Automated Pap Smear Screening Expected to Build Market Share

Laboratory Equipment / By

EXPECT 1999 TO BE A PIVOTAL YEAR in automated Pap smear screening. This new technology is now poised to enter general clinical usage. As it does, an increasing volume of clinical data will make the case: either automated screening of Pap smears is clinically effective and economically justified—or it is not. Evidence that automated Pap …

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“February 22, 1999 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By

Here’s more validation that laboratories can use information links to doctors’ offices as added value. A recent survey of hospital CIOs was completed by PriceWaterHouseCoopers, Zinn Enterprises and Modern Healthcare Weekly. It revealed that the number one information project was clinical communication infrastructure/ links to clinicians. Over 55% of the hospitals polled were working to …

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