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Use of Point-of-Care Testing Reduces Mortality by 50%

CEO Summary: In a thinly-populated region the size of Texas and New Mexico combined, an integrated clinical care program based on point-of- care testing (POCT) has delivered impressive gains in health outcomes. For rural residents, mortality rates from cardiovascular disease have fallen b…

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Serious Problems Plague Newfoundland Laboratory

CEO SUMMARY: Newfoundland’s St. John laboratory was rocked by revelations in February that its cyclosporine testing was flawed, exposing patients to the harmful affects from inappropriately high doses of the immunosuppressant drug. Within weeks of this news, the Chief of Laboratory Medi…

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March 29, 2010 “Intelligence: Late Breaking Lab News”

News sources are reporting a rumor that President Barack Obama intends to appoint Donald Berwick, M.D., as Director of the Centers for Medicare and Medicaid Services (CMS). Berwick is currently Director of the Institute for Healthcare Improvement in Boston, Massachus…

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Pathology Errors in Canada Make National News Once Again

YET ONE MORE TIME, pathology errors are making national headlines in Canada. News of errors by a surgeon and a pathologist in a Windsor, Ontario, hospital caught provincial health officials off balance. The simple story is that an experienced surgeon at 305-bed Hotel-Dieu Grace Hospital …

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Assessing the Year-End Financials For Nation’s Biggest Lab Companies

IN RECENT WEEKS, the last of the nation’s largest public laboratory companies released year-end 2009 financial reports. Each lab firm’s financial report provides useful insights about active trends in the lab testing marketplace, particularly in lab testing referred by office-based physicians. …

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Two New Pathology Models Will Soon Be Tried in Dallas

CEO SUMMARY: There are notable aspects to how and why four unlikely partners are banding together to invest $40 million and create the nation’s newest reference and esoteric testing laboratory. It was the pathologists at Baylor University Hospital in Dallas, Texas, who originated the vi…

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Baylor Pathologists Form Lab with US Oncology

CEO SUMMARY: In Dallas, Pathologists Bio-Medical Laboratories is part of a new laboratory partnership that includes Baylor Health Care System, Texas Oncology, and US Oncology. The four partners ponied up a total of $40 million in cash and debt to build a state-of-the art laboratory in a 1…

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Predict 2010 To Be Busy For Lab Owners & Buyers

CEO SUMMARY: Along with a recovering economy, the possibility of an increase in the capital gains tax rate for 2011 may encourage owners of clinical labs and anatomic pathology companies to sell their businesses during 2010. That could make 2010 a busy year for laboratory…

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Pace of Lab Acquisitions Increased during 2009

CEO SUMMARY: After two years of relatively slow sales of clinical labs, there is pent up demand for lab acquisitions and a declining supply of independent labs available for sale. That’s the assessment of one expert on laboratory mergers and acquisitions, who predicts that the accelerat…

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February 15, 2010 “Intelligence: Late Breaking Lab News”

In response to the sky-rocketing expenses associated with genetic and molecular testing, health insurers are planning ways to control both utilization and the prices at which these tests are reimbursed. For example, during the past year, Humana began using DNA Direct …

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