Issue: Volume XXVIII, No. 12 - September 7, 2021

All Labs Are Threatened by Encryption, Ransomware

CEO SUMMARY: Cybercrime—in the form of encryption attacks followed by ransom demands—is now a threat to every clinical laboratory and anatomic pathology group in the United States. Experts recommend that all labs elevate the attention they pay to their incident response teams tasked with defending their organizations’ information systems and databases. They also advise labs …

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PathAI Buys Poplar Health, Creates Unique Company

CEO SUMMARY: Pathologists were surprised this summer when a company developing image analysis software announced the acquisition of one of the nation’s largest independent anatomic pathology (AP) laboratories. The technology company PathAI is now the owner of Poplar Healthcare Management, in Memphis. It may turn out that this provocative combination of a pathology image analysis …

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Lab Briefs

DOJ Obtains $140 Mil. Settlement in Drug Testing Case Last Friday, the U.S. Department of Justice (DOJ) announced a settlement totaling $136,025,077 with multiple defendants accused of using illegal inducements to encourage physicians to refer urine drug tests to the defendants.  The judgement was issued by the U.S. District Court for the District of South …

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NeoGenomics Acquires Inivata to Access Liquid Biopsy Technology

SOME BELIEVE THAT LIQUID BIOPSY TECHNOLOGY has the potential to develop into a Holy Grail of cancer diagnostics. Yet progress in this field has been slow. Now a recent lab acquisition may accelerate the development of clinically-useful liquid biopsies. There is keen interest in how to achieve the noninvasive diagnosis of cancer. Investors have ploughed …

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UK Hospitals to Deploy AI to Speed Prostate Cancer Diagnoses

SEEKING TO SPEED UP THE PRODUCTION OF TEST RESULTS for men suspected of having prostate cancer, six hospitals in the United Kingdom (UK) will get funding to determine if artificial intelligence (AI) can diagnose prostate cancer quicker and more accurately than pathologists.  Anatomic pathologists in the United States will want to watch the progress of …

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2020 Rankings of the World’s Largest IVD Corporations

IN VITRO DIAGNOSTICS (IVD) MANUFACTURING continues to be dominated by a handful of companies, all of which sell their products worldwide. As the rankings below demonstrate, for 2020, just 11 companies accounted for 82.7% of international IVD sales.  The COVID-19 pandemic and the need for unprecedented numbers of SARS-CoV-2 tests—both molecular and serological—gave these IVD …

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Comment Period Closing on Federal Surprise Billing Rule

PATHOLOGY GROUPS AND CLINICAL LABS HAD UNTIL SEPTEMBER 7 to comment on an interim final rule that provides federal protections against surprise billing and limits out-of-network (OON) cost sharing under many of the circumstances in which surprise bills arise most frequently.  On July 1, 2021, four federal agencies issued an interim final rule (IFR) with …

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