Identifying Current Lab Trends from Labcorp & Quest Experience

By Robert Michel | From the Volume XXXI, No. 11 – August 12, 2024 Issue

CEO SUMMARY: Many different factors influence the operations of clinical laboratories in the United States today. One good source of competitive business intelligence is for lab administrators to follow the quarterly earnings calls of the nation’s two biggest public lab corporations. Wi…

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August 12, 2024, Intelligence: Late-Breaking Lab News

By Robert Michel | From the Volume XXXI, No. 11 – August 12, 2024 Issue

In recent years, many of the national retail pharmacy chain operators announced big plans to open primary care clinics. Now, after substantial investments of billions of dollars, those same retail pharmacy chains are unwinding these business lines. This spring, Walmart announced it w…

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Quest Acquires Two Labs, Two Other Health Firms

By Joseph Burns | From the Volume XXV No. 15 – October 22, 2018 Issue

CEO SUMMARY: In the span of four days in September, Quest Diagnostics agreed to buy two lab companies and the lab testing service line of a third firm. In August, it purchased wellness company Provant Health, which had earlier filed a bankruptcy action. Each of these transactions helps Qu…

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May 29, 2018 Intelligence: Late Breaking Lab News

By Robert Michel | From the Volume XXV No. 8 – May 29, 2018 Issue

Ireland is dealing with a cervical cancer screening scandal that reaches back to laboratories in the United States. In recent months, the Irish public has learned that more than 200 women wrongly got negative Pap test results over a multi-year period. Many of these women did not learn of the erroneo…

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April 3, 2017 Intelligence: Late Breaking Lab News

By Robert Michel | From the Volume XXIV No. 5 – April 3, 2017 Issue

For readers with a continuing interest in Theranos, the latest development at the troubled lab testing company involves an offer by Founder and CEO, Elizabeth Holmes, to its current shareholders. Various news outlets report that, for existing shareholders who agree not to sue Therano…

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April 11, 2016 Intelligence: Late Breaking Lab News

By Robert Michel | From the Volume XXIII No. 5 – April 11, 2016 Issue

Tonya Mallory is back in the news and this time she is teaming up with the former CEO of Bon Secours Virginia to launch a new healthcare company. Mallory was formerly CEO of Health Diagnostic Laboratory of Richmond, Virginia. This is the lab…

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December 7, 2015 Intelligence: Late Breaking Lab News

By Robert Michel | From the Volume XXII, Number 17 – December 7, 2015 Issue

Last week, a joint laboratory accreditation agreement was announced by AABB and the American Association for Laboratory Accreditation (A2LA). The two associations will now collaborate to allow labs to obtain three assessments under one effort, including AABB accredit…

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February 17 Intelligence: Late Breaking Lab News

By Robert Michel | From the Volume XXII No. 3 – February 17, 2015 Issue

GeneCentric is a new lab testing company in Durham, North Carolina that was started by former executives of Laboratory Corporation of America. It intends to raise $20 million in a Series B capital offering. GeneCentric’s business model is to license molecular diagnostic tests, then develop the…

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June 09, 2014 Intelligence: Late-Breaking Lab News”

By Robert Michel | From the Volume XXI No. 8 – June 9, 2014 Issue

Inpatient utilization has declined in Boston, Indianapolis, and Newark. That’s the finding of a new report issued May 27 by Kaufman Hall, a consulting firm based in Skokie, Illinois. The data was collected by Tufts Medical Center in Boston; Barnabas Health in West Or…

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October 21, 2013 “Intelligence: Late Breaking Lab News”

By Robert Michel | From the Volume XX No.14 – October 21, 2013 Issue

There is progress on the integration of digital pathology systems and proprietary algorithms designed to help pathologists make diagnoses. This month, Visiopharm and Omnyx LLC, announced a joint venture. On its own, in Europe last year, Visiopharm earned a CE mark fo…

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