Issue: Volume XIV No. 4 - March 12, 2007

New Jersey Suspends UnitedHealth’s Fines for Docs

THERE’S AN INTERESTING TWIST IN THE ONGOING KERFUFFLE between Quest Diagnostics Incorporated and Laboratory Corporation of America over the UnitedHealth Group business. Last Friday, news spilled out that the New Jersey Department of Banking and Insurance had asked the insurer to suspend its plans to fine doctors who continue to refer UnitedHealth patients to Quest …

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Aetna Says: LabCorp Is Out & Quest Diagnostics Is In

CEO SUMMARY: January 1, 2007 can be considered the start of a new epoch in managed care contracting for lab test services. News of Aetna’s decision to favor Quest Diagnostics Incorporated with a five-year contract as its only national laboratory provider shows the direction this new epoch is apt to take. Eventually it may become …

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Mobile Pathology Service Fuels Increased Revenue

CEO SUMMARY: When pathologist Raman Sukumar, M.D. founded a generalist pathology practice in 2003, he was convinced that local doctors would support his vision of pathology at the point of care. That vision was validated by rapid acceptance of his mobile pathology laboratory and a steady flow of new specimens. Doctors Pathology Services now employs …

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Pumping Up Performance of Lab Billing & Collections

CEO SUMMARY: Coding, billing, collections, and compliance continue to grow in complexity, making management of the lab’s revenue cycle ever more difficult. One by one, a number of the nation’s largest laboratories are taking steps to automate management of their revenue cycle by utilizing “Software as a Service” (SaaS). Intrigued by this new market trend, …

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Siemens Executive Speaks on Integration Strategies

CEO SUMMARY: Siemens has a vision of tight integration of in vitro and in vivo diagnostics with informatics to support a single goal with two themes: enhancing work flow in healthcare. Theme one is that these technologies can support better productivity of clinical, operational and administrative processes. Theme two is the advancement of “knowledge medicine” …

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March 12, 2007 “Intelligence: Late Breaking Lab News”

It’s the first opportunity to see how a New York-area laboratory is doing at grabbing UnitedHealth business. Bio-Reference Laboratories, Inc. (BRLI) of Elmwood Park, New Jersey, announced earnings for its first quarter (ending on January 31) in its 2007 fiscal year. Bio-Reference was pleased to report that its revenues increased by 25% for the quarter, …

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