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March 14, 2022 Intelligence: Late-Breaking Lab News

Clinical Laboratory Trends, Lab Intelligence, Late Breaking Lab News, Pathology Trends, People / By Robert Michel

Telehealth proved to be popular with Medicare patients during the SARS-CoV-2 pandemic. The federal U.S. Department of Health and Human Services (HHS) reported telehealth visits for Medicare beneficiaries increased in 2020 by an incredible 63 times—from approximately 840,000 in 2019 to 52.7 million! Federal health officials said in a news release that these figures will …

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Labcorp to Buy Outreach, Manage Ascension Labs

Laboratory Management / By Robert Michel

CEO SUMMARY: In a blockbuster deal valued at almost half a billion dollars, Labcorp will manage dozens of hospital labs in 10 states on behalf of Ascension Health, one of the biggest health systems in the country. Labcorp will also spend $400 million to acquire certain assets of Ascension’s outreach laboratory services. Labcorp’s CEO characterized …

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Labs Should Be Cautious about ‘Surprising’ EKRA Ruling

Laboratory Compliance / By Robert Michel

CONFUSION ABOUT WHEN IT IS LEGAL UNDER TWO FEDERAL LAWS to pay commissions to sales reps based on volume and/or revenue has existed since the passage of the federal Eliminating Kickbacks in Recovery Act of 2018 (EKRA). Now, a district court judge in Hawaii has surprisingly ruled that payments of percentage-based sales commissions to clinical …

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February 22, 2022 Intelligence: Late-Breaking Lab News

Late Breaking Lab News / By Robert Michel

Scopio Labs, a medical imaging company in Tel Aviv, recently landed $50 million in Series C venture capital funding as it moves to more fully enter the clinical laboratory market, TechCrunch reported on Feb. 9. Scopio has developed a scanner that can magnify a whole blood sample by 100 times. The digital imaging system provides …

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Non-COVID Part B Lab Spend Declined by 15.9% in 2020

Laboratory Billing / By Robert Michel

MEDICARE PART B CLINICAL LABORATORY FEE SCHEDULE CUTS mandated by PAMA continue to bite deeply. A new government report shows that during fiscal 2020, the Medicare program spent 15.9% less for lab tests, when COVID-19 test payments are excluded. The federal Department of Health and Human Services Office of Inspector General (OIG) recently released a …

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Newsmaker Interview

Clinical Laboratory Trends / By Robert Michel

“Some services that have transitioned to retail pharmacies may essentially bring clinical labs closer to the consumer, which I don’t think labs truly appreciated since they traditionally have not had much direct access to the consumer.” —Lâle White, CEO, XIFIN CEO SUMMARY: When XIFIN purchased OmniSYS, it put an exclamation point on the growing …

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Labs Can Team with Employers to Improve Worker Productivity

Managed Care Contracts / By Robert Michel

HEALTHCARE’S ONGOING TRANSFORMATION AND THE EMPHASIS ON VALUE-BASED REIMBURSEMENT are creating a new opportunity for savvy clinical laboratory executives and pathologists. This opportunity is centered around the need of self-insured employers to address the problem of employee presenteeism. “Helping employers with presenteeism can create a value stream for clinical laboratories,” says Kristine Bordenave, MD, FACP, …

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January 31, 2022 Intelligence: Late-Breaking Lab News

Late Breaking Lab News / By Robert Michel

DNA-based breast cancer testing is taking a step forward. Illumina in San Diego, which sells next-generation sequencing (NGS) technology, announced a partnership with Agendia in Irvine, Calif., to develop in vitro diagnostic tests for oncology. Agendia offers proprietary breast cancer tests. The companies expect Agendia’s MammaPrint test to become the first decentralized, NGS-based breast cancer risk …

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XIFIN’s Acquisition of OmniSYS Will Unite Lab with Pharmacy

TDR Insider / By Robert Michel

This is an excerpt of a 1,829-word article in the January 10, 2022 issue of THE DARK REPORT (TDR). The full article is available to members of The Dark Intelligence Group. CEO SUMMARY: XIFIN’s acquisition of OmniSys, a pharmacy technology company, is the latest evidence that retail pharmacies are preparing to become a new front …

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2021 Closes with Two Major Lab Industry Events

Commentary and Opinion by R. Lewis Dark / By R. Lewis Dark

Normally, the time around Christmas and New Year passes quietly, typically without any significant developments. Such was not the case for the clinical laboratory industry in the last month of 2021 because of two announcements, each of which confirms ongoing market trends in healthcare and the lab testing industry. The first announcement was on Dec. …

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