Issue: Volume XIV No. 8 - June 4, 2007

Procter & Gamble Moves into the Neighborhood

LAST MONTH, A NEW RESIDENT BOUGHT INTO THE LABORATORY TESTING NEIGHBORHOOD. Procter & Gamble Company spent a third of a billion dollars to enter a joint venture with Inverness Medical Products, Inc., with the specific goal of selling diagnostic test kits to consumers in pharmacies, grocery stores, and other retail outlets. As you will read …

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Quest Wants It Both Ways with Payer Contracts

CEO SUMMARY: Once again, public laboratory companies are pursuing short-term strategies that promise competitive advantage to themselves. But these strategies also carry long term risks that could burden the entire laboratory industry. Contradictions in the current cycle of competition for exclusive managed care contracts are already visible. Ongoing consolidation of payers is another wild card …

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Inverness Buys Biosite, Has New Venture with P&G

CEO SUMMARY: On the same day that Inverness Medical Innovations announced that it would acquire Biosite, thus beating out Beckman Coulter in the bidding war for Biosite, Inverness also announced that it had entered into a joint venture with Procter & Gamble. Together, the two companies will develop, make, and market consumer diagnostics products to …

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Community Hospital Builds Thriving Lab Outreach Program

CEO SUMMARY: When 330-bed Botsford Hospital of Farmington Hills, Michigan, got interested in laboratory outreach 10 years ago, it brought in a new laboratory leader, invested in new analyzers and informatics, and then let the quality of the operation attract new business from the community. Today, Botsford’s outreach program performs 2.4 million tests per year …

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Labs Are Finding Ways to Link Variety of EMRs

CEO SUMMARY: Three speakers at the Executive War College last month in Miami, Florida, offered case studies on how labs are developing electronic interface gateways between their LISes and EMRs in the offices of client physicians. Physician clients frequently want lab data to be among the first links they develop. In many situations, it is …

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Dark Daily

June 4, 2007 “Intelligence: Late Breaking Lab News”

When the Lab Quality Confab convenes in Atlanta on September 19-20, 2007, it will feature 40 speakers and sessions on how labs and pathology groups are using quality management methods to improve the performance of their lab organizations. If your laboratory would like to showcase its success or participate in poster sessions on Lean Six …

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