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“April 21, 1997 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By Robert Michel

Quest Diagnostics Incorporated reported quarterly earnings last week. It is the first look at the financial performance of the newly-independent spin off from Corning Incorporated. The company reported net income of $4.0 million on revenues of $388.1 million. Revenues declined 3.3% from same quarter last year. This indicates that revenue erosion still continues. MORE ON: …

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Florida Medicare Carrier Raises Kickback Issues

Laboratory Compliance / By Robert Michel

CEO SUMMARY: When Florida’s Medicare carrier published a notice which defined certain pathology practices to be possible violations of anti-kickback laws, it created uncertainty for labs. DIANON took immediate steps to insure compliance while seeking clarification from regulators on this issue. Developments in Florida signal that regulators may be preparing to target laboratories for more …

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Meditech & LabSoft Top 1996 LIS Sales Rankings

Laboratory Information Systems / By Robert Michel

CEO SUMMARY: Turnover and turmoil are the big news in the LIS field. Hospitals and commercial laboratories are upgrading or replacing their existing LIS software at a rapid pace. Meanwhile, mergers and consolidations within the LIS industry create new power players. LIS conversion projects continue to be difficult, expensive and time-consuming. Market leaders Meditech and …

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“March 31, 1997 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By Robert Michel

After THE DARK REPORT’S Executive War College on Medical Laboratory Networking in New Orleans on May 20-21, two other interesting laboratory meetings are scheduled. First up is the 15th annual symposium presented by the University of Michigan’s Department of Pathology. Scheduled for May 28-30 in Ann Arbor, Michigan, it is titled “Automated Information Management In …

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Las Vegas Lab Gathering Debates Industry Trends

Clinical Laboratory Trends / By Robert Michel

CEO SUMMARY: Always a good forum for discussion of laboratory industry trends, this year’s meeting in Las Vegas addressed government regulation, laboratory automation and everything in between. Here is a brief rundown on some of the more interesting insights and observations. ONLY A LIMITED NUMBER of laboratory programs exist which address the management interests of …

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“March 10, 1997 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By Robert Michel

The field of automated cytology is advancing quickly. Technology is rapidly pushing into the marketplace. Here’s a sampling of recent developments among cytology-based companies… Cytyc Corporation and Laboratory Corporation of America announced on March 6 that a national contract had been signed between the two companies. LabCorp will make Cytyc’s ThinPrep® Pap smear available to …

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Differing Views About Capitation Rate Trends

Managed Care Contracts / By Robert Michel

CEO SUMMARY: Laboratory executives in California believe that capitated rates for laboratory services in the state may soon increase. But no one knows for sure, and no documentation about specific capitation rates for newly signed laboratory services contracts has yet to become public. COMBINING BRAVADO AND BLUFF in one move, Unilab Inc.’s letter-writing blitz to …

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Second War College Set For New Orleans In May

Clinical Laboratory Trends / By Robert Michel

CEO SUMMARY: Laboratory consolidation and networking activity continues to intensify. This year’s War College faculty features exceptional stories about what works and what doesn’t. New Orleans is the place to be on May 20-21 for proactive laboratory administrators and pathologists seeking to give their organization a competitive advantage. WHEN THE SECOND EXECUTIVE WAR COLLEGE convenes …

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AmeriPath To Go Public, Files SEC Registration

Laboratory Management / By Robert Michel

CEO SUMMARY: AmeriPath’s Initial Public Offering will make it the first publicly traded physician practice management company specializing in pathology. It represents a unique attempt to restructure traditional pathology practices to meet the needs of managed healthcare organizations. PATHOLOGY ENTERS A NEW ERA when AmeriPath, Inc. completes its proposed Initial Public Offering (IPO) during the …

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AmeriPath’s Strategies For Business Success

Pathology Trends / By Robert Michel

CEO SUMMARY: Two fascinating aspects about the AmeriPath story are: 1) the strategy to boost share values; and 2) the strategy to develop profitable pathology revenues. With managed healthcare transforming pathology at an astounding rate, will AmeriPath succeed in both strategies? DURING THE LAST YEAR, intense curiosity swirled about AmeriPath, Inc. Pathologists heard plenty of …

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