Issue: Volume XXII, Number 16 - November 16, 2015

November 16, 2015 Intelligence: Late Breaking Lab News

Roper Industries, the owner of Sunquest Information Systems, Inc., acquired two more lab informatics companies. On October 26, it announced a definitive agreement to purchase Atlas Medical, familiar to lab administrators as one of the main providers of connectivity solutions for clinical labs and pathology groups in the United States. Roper also signed an agreement to …

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Hospital CEOs Have Nothing to Fear from Theranos

FOR MORE THAN TWO YEARS, Theranos, the lab testing company that says it intends to disrupt the clinical lab industry, has been the subject of cover sto- ries in many prominent consumer and business publications. Its masterful public relations campaign seems to have touched almost every hospital and health system CEO in this country. How …

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Might Lawsuits Come Next in Theranos Story?

CEO SUMMARY: Recent disclosures in the news indicate that an agreement between Theranos and Safeway has gone sour— after Safeway spent a third of a billion dollars to fulfill its part of the collaboration! Reporting by The Wall Street Journal claimed that Theranos and Safeway are negotiating over this situation. If the two parties cannot …

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Toxicology Lab Millennium Pays $256M to DOJ, Files For Bankruptcy

IN ANOTHER MAJOR LAB FRAUD CASE, toxicology lab company Millennium Health will pay $256 million to settle allegations in a whistleblower lawsuit that it overbilled federal healthcare programs for unnecessary lab testing. Just 22 days after this agreement, Millennium Health filed a petition for a pre-packaged Chapter 11 bankruptcy on November 10. In papers submitted …

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Quest to Buy Outreach Lab from Hartford Health System

MORE LAB CONSOLIDATION is happening in Connecticut. Last week, Quest Diagnostics Incorporated announced it will purchase the outreach laboratory business of Clinical Laboratory Partners. CLP is a division of Hartford HealthCare, a health system with five hospitals in Connecticut. After regulatory review, the acquisition is expected to become final early next year. Terms were not …

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DAT: Should Patients Have Access to All Laboratory Tests?

CEO SUMMARY: Arizona’s new direct access testing law allows consumers and patients to have access to all laboratory tests without a physicians’ order. But one lab company decided not to offer all lab tests to consumers. Instead, executives at Sonora Quest Laboratories recognize that, for some health conditions that are complex to diagnose, it is …

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New Company Targets Lab Benefit Management

CEO SUMMARY: Soon, the nation’s newest laboratory benefit management company will begin working for Blue Cross Blue Shield of South Carolina. Avalon Healthcare Solutions committed to BCBSSC that it can save money off what the health plan has been spending on clinical lab testing. It will do so with algorithms supported by evidence-based medicine, good …

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