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CPI Lab Fee Adjustment Threatened by New Bill

Anatomic Pathology, Clinical Laboratory / By Robert Michel

CEO SUMMARY: Once again, the laboratory testing industry has been singled out as a healthcare “whipping boy” by Congressional aides. In working to develop the next federal budget, legislators again propose to deny annual CPI price updates for laboratory tests. This won’t be anything new, since only once in 14 years has Congress funded a …

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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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“March 19, 2001 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By Robert Michel

It’s one more market sign of the continuing turmoil still transforming the traditional healthcare marketplace. New numbers reveal another decline in the membership of the American Medical Association (AMA). During 2000, the AMA lost 3,000 physician members. Only 290,357 physicians, or 32%, of the nation’s 901,147 physicians retain AMA membership. More significantly, at least 82,000 …

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“October 23, 2000 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By Robert Michel

Get ready for the stock market to begin creating multi-millionaires from today’s generation of commercial laboratory executives. Most laboratorians know that Roche sold $430.5 million of its stock holding in Laboratory Corporation of America stock only seven days ago. Lesser known is the fact that LabCorp executives Thomas McMahon and Brad Smith sold a total …

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Dr. Bruce Friedman Identifies Market Dynamics Driving Evolution of Lab Information Services

Laboratory Information Systems / By Robert Michel

CEO SUMMARY: Probably no one is better positioned to identify the evolution of laboratory information services than Bruce Friedman, M.D., Professor of Pathology at the University of Michigan Medical School in Ann Arbor. For almost 20 years, he has hosted the pre-eminent meeting in laboratory informatics, known as AIMCL—Automated Information Management for Clinical Laboratories. Dr. …

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LIS Vendors Moving to Internet

Laboratory Information Systems / By Robert Michel

SALES OF LIS SYSTEMS SLOWED DURING 1999 due to concerns about Y2K problems. But the real story in the LIS arena was the impending arrival of technology that takes advantage of the Internet and the Web. Sales champs in THE DARK REPORT’s annual ranking of the Top Ten LIS Vendors for 1999 are Meditech and …

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“March 6, 2000 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By Robert Michel

Interesting things are afoot at Esoterix, Inc., the Austin, Texas-based parent company for six specialty laboratories. President and CEO Charles L Dufesche, M.D. recently left. The new CEO is James McClintic. Esoterix has plans to become a public company and has been shopping its IPO (initial public offering) among brokerage houses. Calls to Esoterix went …

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New Blood Entering the Lab Industry

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

SURPRISE! THERE’S A QUIET MANAGEMENT REVOLUTION UNDER WAY in both the clinical laboratory industry and pathology profession. During the past few years, a steady flow of new-thinking Presidents and CEOs have taken control of laboratories, pathology group practices, and vendor companies. From CEO Ken Freeman of Quest Diagnostics Incorporated to CEO James New of AmeriPath, …

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Movers & Shakers For ’99 Demonstrate Leadership

Laboratory Management / By Robert Michel

EACH YEAR IT BECOMES more difficult to make final selections for our annual Movers & Shakers awards. The reason is simple. Today there are more examples of leadership in the laboratory than when we first started these selections three years ago. This is a good omen. It means that the crucible of the marketplace is …

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Bayer Acquires Chiron In Consolidation Move

In Vitro Diagnostics / By Robert Michel

CEO SUMMARY: As expected, consolidation within the diagnostics industry continues. This time it is Bayer, spending $1.1 billion to acquire Chiron’s diagnostics business. Once completed, Bayer will be the fourth-largest diagnostics company in the world. Laboratory customers of both firms will see many changes during the 18 months following the merger. ONCE AGAIN THE DIAGNOSTICS …

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