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United Health: Quest Is “Out”–LabCorp Is “In”

CEOSUMMARY: Effective on January 1, 2007, UnitedHealth Group will have one national contract laboratory. On that date, Laboratory Corporation of America becomes the preferred provider and Quest Diagnostics Incorporated becomes an out-of-network laboratory. With access to 34 million United…

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LabCorp Exec Discusses Reasons Behind Its 10-Year Pact with United

“This 10-year agreement is unique in the laboratory industry. It speaks to the long-term commitment of both parties.”—Brad Smith, Executive Vice President, Laboratory Corporation of America CEO SUMMARY: It was unprecedented when UnitedHealth …

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October 16, 2006 “Intelligence: Late Breaking Lab News”

American Esoteric Laboratories, Inc. today announced that it has signed an extended, five-year contract to provide reference and esoteric testing services to the 14-hospital Baptist Memorial Health Care Corporation (BMHCC) in Memphis, Tennessee. This relationship was…

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Like Lab Medicine, THE DARK REPORT is Changing

ANY PATHOLOGIST OR LABORATORY ADMINISTRATOR who believes there is a status quo in laboratory medicine is ignoring plenty of evidence to the contrary in the healthcare marketplace. Radical evolution is altering the health insurance industry, for the second time in almost 20 years. The Internet and ne…

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Increased Competition For Hospital Lab Referrals

CEO SUMMARY: It’s a buyer’s market for hospital send-out testing because the supply of such tests exceeds demand. To fill excess capacity in their labs, some reference/esoteric lab companies are willing to offer rock-bottom prices to new clients. This situation is also motivating nati…

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Middleware Produces Data In Real Time for Lab Managers

CEO SUMMARY: With sustained pressure on laboratories to cut costs, reduce errors, and raise quality, lab managers need faster access to detailed information about lab work processes. One solution is to use middleware to collect data in real time from the LIS and other sources, then analyz…

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Walk-In Clinics in Retail Stores Is Hot New Healthcare Trend

HERE’S A NEW HEALTHCARE BUSINESS MODEL THAT IS POISED to transform primary care in the United States and is likely to upset any number of traditional clinical relationships in this country. The business model is the walk-in, 15-minute clinic located in a retail store. These types of clinics can al…

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Sonic Healthcare & CPL Make First Acquisition

CEO SUMMARY: Expanding from its base in Texas, Clinical Pathology Laboratories, Inc. (CPL) has acquired Cognoscenti Health Institute, LLC of Orlando, Florida. The deal was done discreetly and gives Sonic Healthcare, Ltd., parent of CPL, a solid foothold in Florida. Cognoscenti has also ma…

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Bio-Reference Enters DNA Sequencing Market

CEOSUMMARY: Bio-Reference Laboratories has just placed an unexpected bet on the wide-open opportunities in genetic testing. The acquisition of GeneDX brings it a respected team of geneticists, capabilities in full DNA sequencing, and a proven track record in testing for rare and complex h…

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McKinsey Predicts Most Hospitals Must Specialize to Survive

CEO SUMMARY: Imagine a healthcare system where successful hospitals specialize in particular clinical services, treat patients like customers at a Ritz Carlton Hotel, and have close clinical and financial collaborations with top-performing physicians. This is the American healthcare syste…

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