Issue: Volume XVI No. 16 - November 23, 2009

The $1,000 Genome and Laboratory Testing

IT WAS 1953 WHEN JAMES D. WATSON AND FRANCIS CRICK, working from X-ray data collected by Rosalind Franklin, described the double helix structure of the DNA molecule. That discovery inspired scientists to begin investigating the genetic basis of life. In the 56 years since Watson and Crick published their findings, there has been steady progress …

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Costs Falling Swiftly for Whole Genome Sequence

CEO SUMMARY: Several companies want to be first to achieve the holy grail in sequencing: an accurate whole human genome sequence produced in an hour for $1,000. Complete Genomics announced earlier this month that it could sequence the full human genome for a materials cost of $4,400 (not including labor and overhead). Another competitor, Illumina, …

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Explaining Certification Versus Accreditation

CEO SUMMARY: Early signs are that the quality management systems (QMS) most likely to find favor with hospitals and clinical laboratories in the United States will be those that meet standards developed by the International Organization for Standardization (ISO). Many hospitals and clinical labs are considering adopting ISO 9001 or ISO 15189, respectively. As they …

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Geisinger’s Use of EHR Creates Opportunity for Lab to Add Value

CEO SUMMARY: Every health reform proposal makes it a high priority to implement a universal electronic medical record (EHR). Because lab test data is the essential component of a successful EHR, laboratory managers and pathologists may soon have a once-in-a-lifetime opportunity to use EHR implementation to boost the value to lab testing services. This is …

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“Liked the Product–Bought the Company,” BD Acquires HandyLab and Jaguar System

IT WAS 1979 WHEN VICTOR KIAM jump-started sales of Remington electric razors with his classic, witty ad campaign, “I liked the product so much, I bought the company!” Now the same thing is happening with a benchtop-sized automated system for molecular PCR testing. In this case, it is Becton Dickenson and Company (BD) which liked …

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Xerox, Dell, and Hewlett-Packard Each Buy Into IT Outsourcing Market

IN RECENT WEEKS, TWO BIG PLAYERS spent billions to buy seats at the healthcare information technology (IT) table. Just one week apart, Xerox Corporation and Dell, Inc., acquired Affiliated Computer Services, Inc., and Perot Systems Corp., respectively. This rash of transactions is noteworthy for several reasons. One, it continues a trend of consolidation within the …

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Dark Daily

November 23, 2009 “Intelligence: Late Breaking Lab News”

Identity theft was a key part of a financial fraud that Adeniyi Adeyemi, 27, used to steal approximately $1 million from accounts belonging to 11 not-for-profits and trusts. Among the victims was the American Association of Clinical Chemistry (AACC). Adeyemi was a computer technician at the Bank of New York Mellon. The Manhattan District Attorney’s …

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