Issue: Volume VII No. 3 - February 14, 2000

Proposed Federal Budget Threatens Laboratories

BY NOW MOST OF YOU KNOW THAT PRESIDENT CLINTON’S FY01 BUDGET is not kind to the clinical laboratory industry. It seeks to restore the 20% copayment for lab services, cuts 30% out of the reimbursement for four tests, and institutes the Medicare competitive bidding concept for lab services. Over the last 15 years, the track …

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Quantum Dots Targeting Multiplexed Bioassays

CEO SUMMARY: Here’s another exciting new technology which promises to expand the capabilities of diagnostic testing while lowering laboratory costs. Based on research originally done during the 1970’s, quantum dots™ are nanometer-sized semiconductors with unique properties. Quantum Dot Corporation wants to use an “Intel Inside” strategy with diagnostic partners to launch new assays. DIAGNOSTIC TESTING …

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Abaton’s Web Solution In Use at Allina, Centrex

CEO SUMMARY: Abaton.com was among the first companies to actually have Web-based information products linking hospital labs and physician offices. As early as 1997, the Allina Health System was working with Abaton.com to implement a laboratory test requisition/test results system using Web browsers. Centrex Clinical Labs is another Abaton client now implementing a Web-based, thin …

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Single-Specialty Path PPMs Posting Strong Growth, Profits

CEO SUMMARY: Although the financial travails of the physician practice management (PPM) industry are widely known, there is little recognition that a number of single-specialty PPMs are doing well. This is true of pathology, where at least six pathology-based PPMs still remain in business. The best of them demonstrate strong revenue growth and good profits. …

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Client Bill Pricing Policy Rises To Medicare Level

CEO SUMMARY: Within the laboratory industry, there has been a decade-long debate over whether offering discount prices in client bill states could violate some Medicare regulations. UroCor, Inc. decided that an OIG opinion issued in December to a pathology company signaled a potential change in how HCFA and the OIG might begin to view client …

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“February 14, 2000 Intelligence: Late Breaking Lab News”

Interesting things are afoot at Dynacare’s joint venture in Houston, Texas with Memorial Hermann Healthcare System. Bill Pesci, Chief Operating Officer of Dynacare Hermann Laboratories, resigned in January to take a new position on the east coast. That seems to have triggered an exodus of the management team in Houston. Within the last three weeks, …

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