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Broward Healthā€™s Lab Pursues Multiple Ways to Cut Lab Costs

CEO SUMMARY: Tasked with cutting $2 million from their labā€™s annual operating budget, the lab team at Broward Health System instituted changes that included a lab test formulary and ordering algorithms. In collaboration with physicians, these changes reduced the use of outmoded tests wh…

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Most Colorado Labs Now Connected to Stateā€™s HIE

CEO SUMMARY: One trend getting little publicity is that of health information exchanges (HIEs). Since its founding in 2009, the Colorado Regional Health Information Organization (CORHIO) has grown steadily. Today, most of the stateā€™s independent lab companies and hospital laboratories a…

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California Pharmacists to Order Tests, but Will Laboratories Get Paid?

A NEW LAW IN CALIFORNIA allows pharmacists to order laboratory tests for monitoring patientsā€™ medications. But it is unclear if labs will be paid for such tests under the law. California Governor Jerry Brown signed the bill, SB 493, into law on October 1. It raises the status of pharmacists as hea…

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Alberta Lab RFP, FTC, LabMD Biodiagnostic Lab Services Guilty Pleas

ALBERTA PROVINCE MAY SOON BID $3 BILLION CLINICAL LAB CONTRACT NEWS LEAKED ON SEPTEMBER 19 that Alberta Health Services (AHS) is preparing to issue a request for proposal (RFP) to select a company to build a state-of-the clinical laboratory facility to serve…

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Hospitals Recognize Need for Uniform Lab Test Data

CEO SUMMARY: Hospitals may soon insist that payers allow their in-house labs to provide outpatient testing regardless of exclusive managed care contracts with national lab companies. The migration to accountable care organizations (ACOs) and medical homes makes it essential that physician…

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Financial Hurricane Hits Entire Lab Testing Industry

FOR ABOUT 18 MONTHS NOW, THE ENTIRE LABORATORY TESTING INDUSTRY has been hit by an ongoing series of painful cuts to lab test fees and announcements of more restrictive coverage guidelines. Even today, there is additional news of rock bottom prices to share with you. In this issue, youā€™ll read abo…

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Unprecedented Growth Rates for Molecular Testing

CEO SUMMARY: There will be an expanding role for innovative clinical labs as healthcare moves forward on its path toward personalized medicine. However, to capitalize on this opportunity, pathology groups and clinical labs will need to beef up their information systems. They will also nee…

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Sonic Healthcare, Bio-Reference Report Financial Performance

IN RECENT WEEKS, two of the nationā€™s larger public laboratory companies issued their earnings reports. In both cases, revenue growth was strong, a distinct difference from the recent financial performance of their two largest lab public company competitors. It was on August 21, 2012, when …

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Are Prosecutors Afraid of Big and Little Lab Firms?

CEO SUMMARY: Settlements in the big whistleblower suits involving major lab companies typically generate national headlines. But seldom do the views of the ā€œquiet majorityā€ of lab owners and lab executives get much attention. These are the majority of lab professionals workin…

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Understanding the Deal With Medi-Cal and Quest

CEO SUMMARY: It is now possible to see the specific language in the ā€œSettlement Agreement and Releaseā€ document executed by the California State Attorney General and Quest Diagnostics Incorporated. For those clinical lab managersā€”and the attorneys who represent their labora…

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