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Volume XXXI No, 15 - November 4, 2024

Internet Tracking Lawsuits Are Targeting Quest and Labcorp

TDR Insider /

QUEST DIAGNOSTICS AND LABCORP, THE TWO GIANTS OF THE U.S. CLINICAL LABORATORY BUSINESS, are among many companies across a wide range of industries facing class-action lawsuits over their use of tracking technologies designed to facilitate online advertising. This type of class action lawsuit is increasingly common. Such cases often claim that the healthcare providers’ use […]

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Getting Test Claims Paid & Class Action Lawsuits

Commentary and Opinion by R. Lewis Dark /

When you crack open this issue of The Dark Report, you will find it organized around two primary stories. One story introduces you to a new type of legal attack on healthcare providers—including clinical laboratories—by class action lawyers. The second story delivers to you a comprehensive look at which lab test claims are getting paid

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Internet Tracking Lawsuits Target Quest and Labcorp

Clinical Laboratory Trends /

CEO SUMMARY: Here is the clinical lab industry’s first intelligence briefing on how class action attorneys are filing lawsuits against healthcare providers—including clinical laboratories. The allegations are that providers are using internet tracking tools, such as those offered by Meta/Facebook and Google, that cause private patient and consumer information to become public. QUEST DIAGNOSTICS AND

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Insights from Q3 2024 Earnings Calls Point to a More Robust Lab Market

Clinical Laboratory /

FOR THE THIRD QUARTER OF 2024 (Q3 2024), both of the nation’s largest publicly traded laboratories—Labcorp and Quest Diagnostics—reported growing revenue, more emphasis on specialty testing and advanced diagnostics, as well as progress with acquisitions and partnerships. LABCORP: Grows Q3 Revenue 7.4%, Advances Acquisitions Labcorp, Burlington, N.C., shared these Q3 2024 and nine-month financial results

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Managing Denials and Appeals of Clinical Lab, Path Claims

Laboratory Billing /

CEO SUMMARY: Based on a study of denials and appeals involving about 20 million lab test claims, the team at XiFin Inc. presents here their findings. They also provide recommendations on steps labs can take to reduce denials and win a greater proportion of appeals. IN RECENT YEARS, THE ERA OF SUBMITTING CLINICAL LABORATORY TEST

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Change Healthcare Cyberattack Involved 100 Million Americans

Laboratory Management /

AFTER EXPERIENCING WHAT MANY CYBERSECURITY EXPERTS consider to be one of the largest, most disruptive ransomware attacks ever earlier this year within its Change Healthcare business unit, UnitedHealth Group (UHG) in its third quarter earnings report said net income was $6.1 billion for third quarter, 2024, a 3.7% increase over the same time last year.

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November 4, 2024, Intelligence: Late-Breaking Lab News

Late Breaking Lab News /

Artificial intelligence (AI) is coming to the federal Food and Drug Administration (FDA) and the Veterans Administration (VA). Last week, on Oct. 30, the two agencies issued an announcement that they would partner “to launch an interagency testing ground forchealthcare-related artificial intelligence tools.” This development will have consequences for the in vitro diagnostics (IVD) industry,

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