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June 16, 2008 “Intelligence: Late Breaking Lab News”

GE Healthcare’s digital pathology joint venture with the University of Pittsburgh Medical Center (UPMC), announced on June 5, is not the only in vitro diagnostics (IVD) investment by GE during 2008. Just this May, GE paid $738 million to acquire …

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Era of Digitized Pathology Systems Approaches

SURGICAL PATHOLOGISTS SHOULD GET READY! I predict that they will soon have the opportunity to purchase and use fully digital, automated pathology systems that can perform primary diagnosis. When that happens, it will mark the final cycle of the era when the principal method of diagnosing tissue was t…

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GE, UPMC Create Company for Digital Path Imaging

CEO SUMMARY: It’s a new joint venture with the potential to transform surgical pathology. General Electric Healthcare has extensive experience at supporting physicians’ work flow with digitized imaging systems, plus ample experience with molecular bio-markers. The University of Pittsb…

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CMS Expected to Revise Condo Lab & TC/PC Rules

CEO SUMMARY: Expectations are that the Centers for Medicare & Medicaid Services (CMS) will take further action to rein in anatomic pathology arrangements used by physicians to capture revenue from their patient referrals. This may happen as soon as next month, when CMS publishes the 2…

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New Senate Bills Include Repeal of Competitive Bid

CEO SUMMARY: One proposed Senate bill would repeal the laboratory competitive bidding demonstration project, replace the 10.1% cut to physician fees with a 1.1% increase, and extend the so-called technical component (TC) grandfather clause. Senator Max Baucus (D-Montana),…

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New Report Says Half Nation’s Hospitals Have Financial Woes

CEO Summary: In a groundbreaking study just released, consulting firm Alvarez & Marsal determined that as many as half of the nation’s hospitals are failing to generate enough patient revenue to sustain expenses! With a median occupancy rate of 43%, these hospitals are likely to exp…

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Customer-Focused Labs Are Successful

AS YOU READ THIS ISSUE, YOU WILL BE AMONG THE FIRST in the laboratory industry to learn that more than 50% of the nation’s hospitals are financially deficient and “technically insolvent or at risk of insolvency.” That’s according to Alvarez & Marsal of Ne…

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War College 2008 Theme: Get Close to Customers!

CEO SUMMARY: Over the course of two days, pathologists, lab directors, and other laboratory professionals repeatedly heard speakers urge them to work hard to ensure that customers are the top priority for their laboratory organization. Another theme is the need for labs to organize their …

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May 27, 2008 “Intelligence: Late Breaking Lab News”

A simple telemedicine system that incorporates cheap cell phone cameras is being developed by researchers in the United States and Brazil, according to an article in the May 15 issue of the American Chemical Society’s journal, Analytical Chemistry. The goal is to capture medical da…

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PhyTest Assists Doctors With Lab Testing Revenue

CEO SUMMARY: PhyTest, Inc., created a unique business model upon its founding in 1998. It primarily specializes in handling laboratory test billing and collection services to office-based physicians. It also provides evaluation, consulting, and implementation services to help physicians i…

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