Issue: Volume VIII No. 4 - March 19, 2001

Lab Industry Easing Back to Financial Stability

IT MAY NOT BE JUBILATION, BUT THERE’S CERTAINLY LESS DESPERATION among laboratories around the United States. In travels around the country, both commercial laboratories and hospital laboratories tell THE DARK REPORT that the 2000 was unusually free of crises. It was also a more productive financial year than those of the 1990s. Of course, most …

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LabNet of Ohio Profits From Network Projects

CEO SUMMARY: Since its inception seven years ago, this regional lab network has worked diligently to create the service infrastructure necessary to pursue managed care contracts. Along the way, LabNet of Ohio has found gold in such business initiatives as shared testing and group purchasing. Now it wants to supplement its good coverage in Southern …

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Knoxville Path Group Reports Tests Via Web

CEO SUMMARY: Pathologists at Knoxville Pathology Group are adding to their reputation for progressive business thinking. In addition to a regionalization strategy—which includes participation in Pathology Service Associates—in January they became one of the first local pathology practices to offer physician-clients access to pathology test results via the Internet. UNTIL RECENTLY, LEADERS in the move …

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Market Changes Lead LabCorp To Follow New Strategic Direction

CEO SUMMARY: When formed in 1995, Laboratory Corporation of America faced a financially-hostile marketplace for lab testing services. However, strategic planning retreats in 1997 and 1999 were pivotal in redirecting this billion-dollar lab behemoth toward financial stability. During 2000, its share price soared as LabCorp posted strong gains in revenue and profit. Here’s a look …

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Controversial Montana Ruling Pits Nurses Against Labs

MONTANA IS IN THE MIDST of an interesting feud over the scope of practice between nurses and certified laboratory professionals. On December 11, 2000, the Montana Board of Nursing issued a declaratory ruling stating that the scope of practice for nurses included performing unwaived laboratory tests. This ruling appears to ignore the Laboratory Licensure Act, …

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DIANON Systems, UroCor, Cytyc, Digene, McKesson HBOC, Abaton.com, Abbott

FEDERAL ATTORNEY SERVES SUBPOENA ON DIANON SYSTEMS NEWS BROKE LAST WEEK that DIANON Systems, Inc. had received a subpoena from the U.S. Attorney’s Office in Connecticut for documents relating to laboratory billing. Apparently “LabScam” is still alive and well within the Department of Justice. LabScam is the OIG’s code word for its extensive investigations into …

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“March 19, 2001 Intelligence: Late Breaking Lab News”

It’s one more market sign of the continuing turmoil still transforming the traditional healthcare marketplace. New numbers reveal another decline in the membership of the American Medical Association (AMA). During 2000, the AMA lost 3,000 physician members. Only 290,357 physicians, or 32%, of the nation’s 901,147 physicians retain AMA membership. More significantly, at least 82,000 …

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