Issue: Volume VII No. 10 - July 10, 2000

How Smaller Lab Organizations Can Compete

MAYBE THE PENDULUM IS SWINGING BACK IN FAVOR of smaller laboratory organizations. During most of the 1990s, consolidation and large size seemed to generate clout. But huge size didn’t always result in profitable laboratory companies. Witness the red ink spilled from such public laboratory companies as Corning Clinical Laboratories (now Quest Diagnostics Incorporated), Laboratory Corporation of …

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Lab “Home Brews” Web Solution for Test Results

CEO SUMMARY: Internet-enabled lab test ordering and results reporting may help independent commercial labs and hospital laboratory outreach programs become more competitive against the two blood brothers. In eastern Pennsylvania, Clinical Laboratories, Inc. introduced Web-based lab test results reporting in July 1998. Since that date, sales are up and clients are happier. HOSPITAL LABORATORY OUTREACH …

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Neurology is Test Focus For Athena Diagnostics

CEO SUMMARY: There are few examples of laboratory companies focused on a single medical specialty,a business model that is expected to become more common in coming years. One such company is Athena Diagnostics. For 12 years, this company has concentrated on providing diagnostic testing for neurology specialists. It grew steadily throughout the 1990s and is …

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Beckman Coulter’s Strategy Reflects Consolidation Trends

CEO SUMMARY: Rapid changes to the clinical laboratory industry had equally profound impact upon the major diagnostic companies. At Beckman Coulter, Inc., market forces triggered a decade of acquisitions and internal consolidation.The company looks very different today than it did ten years ago. Here’s a look at how Beckman Coulter views the near future for …

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Insurers Dropping Medicare HMO Programs in Various Regions

Several of the nation’s largest health insurance companies will cease offering Medicare HMOs in certain regions of the United States. Almost 800,000 of the nature’s seniors will be dropped from Medicare +Choice plans as Aetna/US Healthcare, Foundation Health Systems, Oxford Health Systems, Cigna, and Pacificare withdraw their Medicare HMO programs in specific regions around the …

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Express Scripts, InformInvestor.com, UroCor, Bio-Reference Laboratories

PRESCRIPTION DRUG SPENDING HITS A RECORD INCREASE OF 17.4% IN 1999 Just-released data from Express Scripts, Inc. indicates that spending on prescription drugs increased by a record 17.4% during 1999. This compares to a 9.6% spending increase for drugs in 1998. As most lab executives know, prescription drug pricing is a hot-button issue with Congress. …

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“July 10, 2000 Intelligence: Late Breaking Lab News”

When it comes to laboratory information services, the Internet may indeed be a competitive leveler. THE DARK REPORT is tracking a host of small software companies that already have working solutions for Web-enabled lab test ordering and results reporting installed and operating in the field. It seems the traditional giants of the LIS industry lack …

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