Since 1995, Reliable Business Intelligence for Clinical Laboratories, Pathology Groups and Laboratory Diagnostics

Volume XXXI, No. 9 - July 1, 2024

Clinical Labs Face New Consumer-Driven Trend

THERE IS A NEW CLASS OF CLINICAL LABORATORIES THAT ARE BUILDING MOMENTUM in the United States today. These are labs serving what The Washington Post described as a “new world of DIY [do-it-yourself] testing.” The Dark Report relates an investi­gative report by The Post, which states, “A new world of DIY testing is changing the …

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New Type of Competition from Investor-Owned Labs

CEO SUMMARY: More investor-funded lab companies see robust future growth in serving what The Washington Post calls “a booming online wellness market that aims to leave the doctor’s office behind. ” This is a new market driven by younger health­ care-minded consumers who turn to the web for information and resources without first speaking with …

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Clarapath Automates Slide Prep, Microtomy Workflow

>>CEO SUMMARY: Histology is one area of labo­ratory medicine that utilizes a mostly manual work­ flow. However, pathology labs will soon have a novel solution designed to automate many of the steps in microtomy that produce glass slides. Reduced variability in the finished glass slides can improve the scanning process, thereby generating better quality whole …

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UK’s Genomics PLC and MassMutual Offer Free Genetic Testing to Members

CONSUMER-DRIVEN HEALTHCARE PAIRED WITH A FOCUS ON PRE­VENTATIVE MEDICINE has given birth to powerful partnerships that are using genetic testing to encourage patients to make informed decisions for their health and wellbeing. One such example is Genomics PLC (Genomics), a healthcare company out of Oxford, England, which partnered with Massachusetts Mutual Life Insurance Company (MassMutual) …

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Global IVD Companies Report First Quarter 2024 Earnings

IN THEIR INITIAL FINANCIAL REPORTING FOR 2024, in vitro diagnostics (IVD) company leaders shared priorities and progress in the first quarter (Ql) while also acknowledging heightened competition in diagnostics. And, for some of the IVD manufacturers, a need for new leaders and perspective is being addressed. Here is a summary of recent finan­cials, key accomplishments, …

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July 1, 2024, Intelligence: Late-Breaking Lab News

Last week, it was announced that Quest Diagnostics “would acquire select laboratory assets from 12-hospital Allina Health” the Minneapolis-based health sys­tem. Quest stated, “Under the terms of the definitive agree­ment, Quest will offer its labo­ratory services to Allina Health clinic physicians and outreach provider clients across Minnesota and western Wisconsin:” No price was announced and …

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Is It Time for Clinical Labs to Embrace Consumers?

HEALTHCARE IN THIS COUNTRY HAS A WELL-DESERVED REPUTATION for being slow to incorporate new clinical knowledge, technologies, and management models into daily practice. Adoption of these innovations by hospitals, physi­cians, and clinical laboratories often lags behind other industries by several years. Seen in this context, today’s “new consumer” is one of those powerful devel­opments that …

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