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Of Radiology, Pathology, GE, Siemens, and Philips

WHY THE SUDDEN INTEREST IN IN VITRO DIAGNOSTICS (IVD) by companies serving radiology? Over the past 12 months, what motivated General Electric to spend $8.13 billion and Siemens AG to spend $7.1 billion to acquire their own large IVD manufacturers? I suspec…

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IVD Stunner: GE to Acquire Abbott’s Diagnostics Unit

CEO SUMMARY: General Electric Corporation made a dramatic entrance into in vitro diagnostics (IVD) by acquiring almost all of Abbott Laboratories’ IVD business division. Once the sale is closed later this spring, GE will be the second major imaging vendor to buy its way into the IVD bus…

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JVHL Signs a Contract with UnitedHealth Group

CEO SUMMARY: When UnitedHealth Group announced its exclusive national contract with Laboratory Corporation of America, Joint Venture Hospital Laboratories (JVHL) saw opportunity. That’s because LabCorp does not have a significant presence in Michigan. JVHL parlayed its statewide network…

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Mayo Rolls Out RFID after only 5-Month Test

CEO SUMMARY: After running a test project for less than six months, The Mayo Clinic is preparing to expand its use of RFID tags and scanners, focusing on endoscopy specimens. By expanding the use of RFID, Mayo will implement the technology in 41 operating rooms, providing care to more tha…

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Pathologist Says Labs Need Read-Write RFID

CEO SUMMARY: The current state of the art for radio frequency identification (RFID) tags employs read-only chips. Labs can use these RFID chips today to track specimens at intake. But pathologist William Neeley, M.D., is most enthusiastic about the potential of read-write RFID chips, whic…

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Key Trends Drive Change for Clinical Laboratories

CEO SUMMARY: Technology plays an ever-growing role in reshaping the organization and operation of clinical laboratories. New technologies figure prominently in THE DARK REPORT’S 2007 list of key trends in the clinical laboratory industry. Technological advances in instr…

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January 8, 2007 “Intelligence: Late Breaking Lab News”

It’s fast becoming a wireless world in the nation’s hospitals. A survey of 300 healthcare executives and upper-level managers published by Healthcare Informatics reveals that 72% of those surveyed have a combination of wireless and hard-wired systems in their hospitals. Another 5% of those survey…

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Sonic Pays $180 Million In Acquisition of AEL

CEO SUMMARY: In a transaction that was quietly negotiated, Sonic Healthcare Ltd. will purchase American Esoteric Laboratories, Inc. (AEL). News of the sale was released Friday and the sale may close in early January. Once it owns AEL, Sonic will have a major presence in Memphis, Tennessee…

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Product Cuts Claim Denials, Boosts Payment from Insurers

ONE CONSEQUENCE OF THE GROWTH of high-deductible health plans and health savings accounts (HSAs) is that clinical labs and pathology groups need to collect larger amounts directly from patients. As predicted by THE DARK REPORT last year, bad debt levels are rising in communities where enrollment in …

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2006’s Top Lab Stories Identify New Threats

CEO SUMMARY: Presented here are THE DARK REPORT’S “Ten Biggest Lab Stories of 2006.” Compared to earlier years, 2006 was not transformative for the laboratory industry. But it was an eventful year, particularly influenced by Siemens’ decision to acquire DPC and Bayer Diagnostics, …

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