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Changing Lab Industry Trends Identified at War College

Clinical Laboratory Trends / By Robert Michel

CEO SUMMARY: Clinical laboratories and pathology group practices are beginning to respond to a new set of marketplace trends. Speaker after speaker at this EXECUTIVE WAR COLLEGE included new business strategies not heard in past years. Probably the most notable difference is a growing emphasis on developing and delivering value-added services which go beyond simply …

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Abaton.com Will Not Be Offered As Stand-Alone Lab Solution

Laboratory Information Systems / By Robert Michel

EARLY-ADOPTER LABS now using Abaton.com for Web-based lab test ordering and results reporting will have to switch to a new software product. McKesson HBOC notified existing laboratory users of the Abaton.com product that it will no longer be supported as a stand-alone solution for Web-accessed lab test ordering and results reporting. Lab customers have been …

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Public Labs Enjoy Boom Times As Revenues & Profits Climb

Clinical Laboratory Trends / By Robert Michel

TAKEN COLLECTIVELY, second quarter earnings reports by public lab and pathology companies send a strong message: the lab industry is in the midst of a revenue and profit boom. It’s been more than a decade since every public lab and pathology company reported strong growth in both revenues and operating profits. This is an important …

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“May 21, 2001 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By Robert Michel

As predicted in the last issue of THE DARK REPORT, Quest Diagnostics Incorporated did acquire all the remaining shares of MedPlus, Inc. which it didn’t already own. MedPlus offers a variety of clinical information products, including one to create and manage electronic patient records. KEN FREEMAN JOINS BOARD AT TRW Kenneth W. Freeman, Chairman and …

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Wall Street Journal Addresses Error Rates by Pathologists

Anatomic Pathology / By Robert Michel

MEDICAL ERRORS HAVE TAKEN center stage in the public eye, and recently the Wall Street Journal (WSJ) printed a prominent story about errors made by the pathology profession. On Friday, April 13, the WSJ’s “Health Journal” column on the front page of section two tackled the topic of pathology errors and how patients should protect …

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Institute of Medicine Calls For 12 Medicare Lab Reforms

Laboratory Billing / By Robert Michel

CEO SUMMARY: Since 1987, the clinical lab industry has endured almost non-stop cuts in the absolute level of Medicare reimbursement for lab testing. But the time may be ripe for laboratories to work together to effect far-reaching reforms to Medicare laboratory payment policies. Just as the Institute of Medicine issued its 12 recommendations for reforming …

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“April 30, 2001 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By Robert Michel

It seems some companies serving the laboratory industry have learned the importance of having a better understanding of the inner workings of Washington, DC. Both Cerner Corporation and Specialty Laboratories, Inc. will add Nancy-Ann DeParle to their respective Boards of Directors. DeParle was Administrator of the Health Care Financing Administration (HCFA) from 1997 until October …

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THE DARK REPORT Honors Lab “Movers & Shakers”

Laboratory Management / By Robert Michel

CEO SUMMARY: It’s time again to recognize and honor the lab industry’s strong leaders in innovative management. These laboratory executives are implementing business strategies designed to position their lab organizations to serve the changing needs of the healthcare system. Their vision and willingness to “stay the course” are traits they hold in common. IT’S BEEN …

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New Cytology Technology Entering Study Phase

Laboratory Equipment / By Robert Michel

CEO SUMMARY: There’s a new contestant in the ongoing battle to win the Pap smear technology wars. Ampersand Medical Corporation, by signing a strategic alliance with AmeriPath, Inc., has signaled that it’s ready to bring its technology to market. AmeriPath will play a major role in expediting clinical studies and both companies hope to formally …

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Specialty Labs and Dynacare Have Balance Sheet Differences

Laboratory Management / By Robert Michel

SINCE LAST FALL’S SUCCESSFUL IPOs (initial public offering) raised $92 million for Specialty Laboratories, Inc. and $50 million for Dynacare, Inc., the financial fortunes of the two lab companies have begun moving in different directions. Lab administrators and pathologists can better understand the diverging business directions of Specialty Labs and Dynacare by studying each lab’s …

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