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

Search Results for: pathology

“May 17, 2004 Intelligence: Late Breaking Lab News”

Oncology is predicted to be a major driver in laboratory testing in coming years (see TDR, March 15, 2004). That said, lung cancer may be the next high-profile target, joining breast and prostate cancers as a high-priority disease. Last month the Journal of the American Medical Association (JAMA) reported that lung cancer rates among women …

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New Esoteric Lab Firm Does Two Acquisitions

CEO SUMMARY: Armed with $70 million, American Esoteric Laboratories (AEL) wants to build a national laboratory that offers a full menu of esoteric tests. It is building a primary laboratory in Dallas, which has one of the nation’s best air transport hubs. ThromboCare Laboratories and Viral Diagnostics, both based in the Dallas area, are just …

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Lab Contracting Fracas In British Columbia

CEO SUMMARY: Government healthcare officials in British Columbia are taking definitive steps to recast the existing status quo between private commercial laboratory companies and public (government) hospital laboratories in the province. Although the stated goals are to reduce the cost of laboratory testing, the proposed means to realize these savings may prove disruptive and counter-productive. …

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Department of Defense and VA Prepare to Pool Health Data

IT’S ANOTHER IMPORTANT STEP on the road to a true “universal patient medical record.” Two government agencies are preparing to consolidate access to separate pools of healthcare data. Earlier this week, the Department of Defense (DoD) and the Department of Veterans Affairs (VA) announced two pilot projects that, for the first time, will allow physicians …

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“April 26, 2004 Intelligence: Late Breaking Lab News”

Pathology gets another plug! CBS television recognized National Medical Laboratory Week with public service announcements (PSAs) featuring CSI: Crime Scene Investigation star William Peterson. The story behind the story is that Peterson asked CBS to cover production costs and broadcast time to allow him to say something about the laboratory staffing shortage and to salute …

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Florida Issues State RFP For Sole Medicaid Lab

CEO SUMMARY: If competitive bidding for Medicare business is something universally viewed as bad by the laboratory industry, then the lab services RFP issued by Florida’s Medicaid program must be considered a serious threat to the status quo. Further, the fact that Medicaid officials in Florida designed a 28-day RFP process to award a single …

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LabCorp Buys MDS Labs In New York and Georgia

CEO SUMMARY: It’s the final chapter of the “Canadian Invasion” of the U.S. laboratory testing market. In the mid-1990s, both MDS and Dynacare built a sizeable presence in the United States as they both worked to develop joint ventures with hospital laboratories. Dynacare was acquired by LabCorp in 2002. In selling two U.S. lab operations, …

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Seattle Hospital Lab JVs Involve Quest & LabCorp

CEO SUMMARY: Joint ventures and collaborative business relationships between hospital laboratories and commercial laboratories continue to be a difficult business model. Recent events in Seattle demonstrate the challenges and frustrations of establishing such ventures, then making them successful. One footnote to the Seattle story is the success of a regional laboratory network at grabbing market …

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Welsh Carson Pays $1.14 Billion To Acquire U.S. Oncology, Inc.

EVEN AS THE LAST ISSUE of THE DARK REPORT was reaching clients with news of Genzyme Corp.’s offer to buy IMPATH Inc., another big oncology deal was announced. On March 22, 2004, Welsh, Carson, Anderson & Stowe announced an offer of $15.05 per share to purchase all remaining shares of U.S. Oncology, Inc. which it …

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AmeriPath Reports on 2003, Its First Year as a Private Firm

WILL BUSINESS BE BETTER for AmeriPath, Inc. as a private company than it was as a publicly-traded firm? Its 2003 financial report indicates some interesting challenges, many common to all laboratories. First, a look at basic numbers. AmeriPath’s net revenues grew from $478.8 million in 2002 to $485.0 million in 2003. That’s a growth rate …

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