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Middleware Provides Opportunity For Labs to Gain New Functions

“Even as more laboratories begin to use middleware, the number of functions and uses for middleware continues to increase —Gregory R Vail, CEO, Data Innovations, Inc. CEO SUMMARY: Middleware is attracting attention throughout the laboratory ind…

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Using Laboratory Informatics to Add Value

IN THIS ISSUE, YOU WILL READ ABOUT THE SALE of Spectrum Laboratory Network and the ongoing integration of laboratory services at Geisinger Health System. Although, on first reading, it may seem that these two stories are unrelated, I would like to call your attention…

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Spectrum Lab Network Is Sold to Equity Investor

CEO SUMMARY: Timing of the sale of Spectrum Laboratory Network to Apax Partners, L.P. was unexpected, but it’s been known for some time that the fast-growing regional laboratory was entertaining purchase offers. Under new ownership and with ready access to ample capital, Spectrum is optimis…

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Private Equity Firms: Ready to Buy More Labs?

CEO SUMMARY: Times are good in the laboratory industry. At least that’s the opinion of a growing number of professional investors. They are searching throughout the country for laboratories to acquire. They are motivated by the consistent financial performance of many lab companies, bot…

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Congressional Bill Introduced On Cytology Proficiency Testing

THERE’S A NEW CHALLENGE to the near-monopoly on cytology proficiency testing held by Midwest Institute of Medical Education(MIME) of Indianapolis, Indiana. Last Friday, the College of American Pathologists (CAP) announced a new bill in the House of Representatives…

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Lab Integration At Geisinger Contributes to Better Outcomes

CEO SUMMARY: There have been two benefits from the use of sophisticated laboratory informatics at the laboratory division of Geisinger Health System in Danville, Pennsylvania. Benefit one is a standardized, fully-integrated lab information system that collects all lab test results, includ…

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Payers Begin Speeding Up Payment to Physicians

CEO SUMMARY: Labs and pathology groups have always found it tough to bill patients and collect a high proportion of those obligations. That situation is about to change, and fast! Payers recognize that, as more consumers are required to pay higher deductibles, co-pays, and out-of-pocket e…

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Payer Consolidation: WellPoint Buys into NYC

CEO SUMMARY: Acquisition by acquisition, the health insurance industry is consolidating. Wellpoint, Inc., already the nation’s largest health insurer at 28 million members, is acquiring WellChoice, Inc. and adding another 5 million members to its total. One consequence of this consolida…

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Medi-Cal Abandons Lab Contract Scheme

CEO SUMMARY: Another threat to limit all laboratories’ access to Medicaid patients has ended. Just as the Medicaid lab contracting initiative proposed last year in Florida collapsed from its innate complexity, so also has a similar contracting initiative collapsed in California. In both…

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Lab Tests in Pharmacies, Genzyme, Healthe, Singing River Hospital, VA

IT IS OFTEN SUGGESTED that pharmacies are a logical place to combine laboratory testing with prescription services. Such an arrangement would be consumer-friendly and has the potential to improve patient care while lowering costs. In Great Britain, the National Health Service has launched a pilot pr…

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