Issue: Volume XXVII No. 6 - April 20, 2020

Companies Saw Big Drop in Lab Revenue from Mid-March

This is an excerpt of a 2,083-word article in the April 20, 2020 issue of THE DARK REPORT (TDR). The full article is available to members of The Dark Intelligence Group. CEO SUMMARY: In response to the coronavirus outbreak,¬†patients stopped seeing their doctors for routine care and hospitals¬†ceased doing elective services. With fewer test referrals,¬†clinical …

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Clinical Labs Step Up, But Serious Problems Are Ahead

ACROSS THE UNITED STATES, CLINICAL LABORATORIES ARE LIVING a good¬†news/bad news story. The good news is that the essential role every lab plays¬†in enabling fast, accurate diagnoses is now at the top of the news cycle.¬†Daily, citizens of this country hear from the President and health officials¬†that it‚Äôs a clinical laboratory test for SARS-CoV-2 which …

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Lab, Path Finances Crash; Next Test Wave: Serology

CEO SUMMARY: For clinical laboratories and anatomic¬†pathology groups, the day-by-day impact of the COVID-19¬†pandemic is unfolding much like Hurricane Katrina hitting New¬†Orleans in 2005. Every 24 hours, labs get unwelcome news,¬†along with uncertainty about whether it will get worse before¬†it gets better. As of today, labs are watching their daily cash¬†flow fall below operating costs, …

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From Mid-March, Labs Saw Big Drop in Revenue

CEO SUMMARY: In response to the coronavirus outbreak,¬†patients stopped seeing their doctors for routine care and hospitals¬†ceased doing elective services. With fewer test referrals,¬†clinical labs and pathology groups were hit with a substantial¬†decline in revenue. One of the nation‚Äôs largest revenue cycle¬†managers serving labs reported that‚ÄĒover the four weeks¬†beginning in the second week of March‚ÄĒrevenue …

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Labs May Qualify for Relief Under New Federal Laws

CEO SUMMARY: After routine testing and specimen volume¬†declined last month, so too did the associated revenue. In¬†response, clinical laboratories and anatomic pathology groups¬†want to bolster their finances quickly or risk incurring more¬†financial damage to already-fragile balance sheets. Under the¬†Coronavirus Aid, Relief, and Economic Security (CARES) Act,¬†and other stimulus plans from Congress, labs and pathology¬†groups may …

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Italy’s SARS-CoV-2 Outbreak Brings Out Best in Clinical Labs

CEO SUMMARY: Italy was one of the first countries¬†outside of China to experience an explosive¬†outbreak of COVID-19 and its northern provinces¬†were hit hardest by this novel coronavirus. In this exclusive interview with THE DARK REPORT, internationally-known pathologist Mario Plebani, MD,¬†discusses how his clinical laboratory in Padova¬†responded to the pandemic in the Veneto Region. Second of …

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DOJ Says Georgia Man Got Kickbacks for COVID-19 Tests

JUST WEEKS AFTER THE FIRST CASES OF SARS-CoV-2 appeared in the United¬†States, federal prosecutors filed criminal¬†charges in a COVID-19 lab test fraud¬†scheme. Erik Santos, 49, of Braselton, Ga.,¬†was charged with conspiracy to defraud¬†federal and private healthcare programs¬†by submitting fraudulent testing claims for¬†COVID-19 and genetic cancer screenings. This may be a sign that federal healthcare¬†investigators will …

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Chicago Lab Launches LDT, Finds 20% Positive

CEO SUMMARY: After seeing the novel coronavirus spread¬†quickly in China, staff in the Department of Pathology and¬†Laboratory Medicine developed a test to identify the pathogen¬†in patients in Chicago and its suburbs. With the CDC‚Äôs assay¬†in hand, it started work on its own lab-developed test. In early¬†April, the lab tested more than 10,000 patients and approximately¬†20% …

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APRIL 20, 2020 Intelligence: Late-Breaking Lab News

Not only did the outbreak¬†of SARS-CoV-2¬†in the United States¬†show how unprepared the¬†nation was for an event like¬†this, but it exposed numerous¬†problems and weaknesses¬†in the federal agencies tasked¬†with protecting the health and¬†safety of the American public. One high-profile failure happened¬†when the Centers for¬†Disease Control and Prevention¬†(CDC) shipped defective¬†COVID-19 test kits to public¬†health laboratories in early¬†February. It …

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