July 22, 2024, Intelligence: Late-Breaking Lab News

By Robert Michel | From the Volume XXXI, No. 10 – July 22, 2024 Issue

Some hospitals failing to comply with the federal price transparency regulation have been fined. The website of CMS.gov lists 15 hospitals and the amount each was fined. On June 6, 2022, the first fines were levied against Northside Hospital of Atlanta ($883,130) and Northsid…

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July 1, 2024, Intelligence: Late-Breaking Lab News

By Robert Michel | From the Volume XXXI, No. 9 – July 1, 2024 Issue

Last week, it was announced that Quest Diagnostics “would acquire select laboratory assets from 12-hospital Allina Health” the Minneapolis-based health sys­tem. Quest stated, “Under the terms of the definitive agree­men…

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October 23, 2023, Intelligence: Late-Breaking Lab News

By Robert Michel | From the Volume XXX, Number 15 – October 23, 2023 Issue

Earlier this summer, a 16-year-old completed his bachelor of science degree, along with his certification as a Medical Laboratory Scientist (MLS). The faculty at LSU Health-Shreveport reported that Isak Schmidley, MLS (ASCP)BC is the youngest graduate of its Medical Laboratory Scienc…

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IVD and Lab Consolidation Reduces Choices for Labs

By Robert Michel | From the Volume XXX, No. 13 – September 11, 2023 Issue

CEO SUMMARY: Since the launch of The Dark Report in 1995, consolidation of hospitals, physician groups, clinical labs, pathology groups, and IVD manufacturers has been a major trend every year. Toda…

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Digital Pathology Sales Put Gestalt on Inc. 5000’s Fast Growth List

By Scott Wallask | From the Volume XXX, No. 12 – August 21, 2023 Issue

Digital pathology workflow provider Gestalt Diagnostics earned a place on the Inc. 5000 2023 list of the fastest growing p…

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Labcorp: Ascension Deal Will Earn $550 Million in 2023

By Robert Michel | From the Volume XXX No. 4 – March 6, 2023 Issue

PUBLICLY TRADED LABORATORY COMPANIES OFFERED INSIGHTS into how acquisitions of hospital lab operations and outreach businesses add to their bottom lines, according to recent reports on full-year 2022 and fourth quarter earnings.  Last year was a busy one…

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March 6, 2023, Intelligence: Late-Breaking Lab News

By Scott Wallask | From the Volume XXX No. 4 – March 6, 2023 Issue

Since Congress did not include new regulations for laboratory-developed tests (LDTs) in a year-end spending budget, it appears the Food and Drug Administration (FDA) will take steps of its own to increase the agency’s oversight of LDTs. “We are moving forward with rulemaking,” said Eliza…

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Telemedicine Firms Offer Home Phlebotomy Service

By Scott Wallask | From the Volume XXIX, No. 13 – September 19, 2022 Issue

CEO SUMMARY: Telemedicine provider Teladoc Health has announced new services for certain primary care customers that include at-home phlebotomy appointments. The move is evidence of the consumer demand for increased convenience and flexibility in their healthcare. Scarlet Health, a …

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Public Laboratory Companies Eye More Lab Outreach Acquisitions

By Robert Michel | From the Volume XXIX, No. 12 – August 29, 2022 Issue

PUBLICLY-TRADED CLINICAL LABORATORY COMPANIES released second quarter 2022 financial reports that confirmed a softening demand for COVID-19 tests, even as their base business revenues grew compared to last year.  While continuing to address ongoing needs…

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August 29, 2022 Intelligence: Late-Breaking Lab News

By Robert Michel | From the Volume XXIX, No. 12 – August 29, 2022 Issue

Interesting things may be unfolding in the genetic testing marketplace. In the past few weeks, at least two high-profile genetic testing companies announced major layoffs. First was Invitae, a genetics testing company in San Francisco. At the end of July, it announced plans to eliminate 1,000 …

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