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Expect ISO 9000 To Alter Clinical Lab Management

CEO SUMMARY: Perceptive laboratory executives and pathologists should welcome the impending arrival of ISO 9000 into the clinical laboratory industry. It promises to solve many problems of laboratory management. The diagnostics industry, responsible for manufacturing instruments and suppl…

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Unrealized Gains Targeted By Premier’s Lab Initiative

CEO SUMMARY: In part one of this exclusive interview, Premier’s John Biggers described the reasons why the 1,700 hospital consortium developed a strategic services program for clinical laboratories. In this final installment, Biggers provides insight as to how the program will work and …

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Premier Explains Reasons It Sees Lab As Strategic

CEO SUMMARY: Premier’s strategic alliance with Quest Diagnostics Incorporated represents a fundamental shift in the marketplace for hospital-based clinical laboratory services. This was a project developed by Premier, in response to its evaluation of marketplace trends affecting hospita…

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Premier Executive John Biggers Discusses Reasons For Laboratory Initiative

CEO SUMMARY: Because of Premier’s influence with 1,700 of the nation’s 5,000 hospitals, laboratory administrators and executives should realize that this strategic services alliance between Premier and Quest Diagnostics Incorporated will change traditional laboratory practices, regard…

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New Alliance Is Example Of Coming Paradigm Shift

CEO SUMMARY: This strategic alliance represents a fundamental shift within the clinical laboratory industry. It is a response to market forces which should not be ignored by laboratory executives and pathologists anywhere in the country. Whether the alliance succeeds or fails, it will lau…

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Hospital Lab-Commercial Lab Partnering Is Upcoming Trend

CEO SUMMARY: At this year’s Executive War College in New Orleans, laboratory innovators convened to study hot new trends in the industry.They were surprised to learn that partnering relationships between hospital laboratories and commercial laboratories are finally gaining wider accepta…

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Commercial Lab Values Validated By Recent Sales

CEO SUMMARY: Many current owners of independent laboratories now wish they had sold during the glory days of commercial laboratory acquisitions. Recent sales transactions demonstrate that current market valuation for clinical laboratories is based on actual cash flow. Even at these new va…

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1997 LIS Sales Rankings Topped By Cerner, LabSoft

CEO SUMMARY: Consolidation in the LIS industry continued during 1997. The impact for laboratory buyers is that market share is concentrated among fewer vendors. Over the long term, this reduces choice and leads to an oligopoly-type of market. In the short-term, all LIS companies are compe…

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Bio-Reference Labs Buys New York-Based Medilabs

CEO SUMMARY: Here is an independent commercial laboratory that shows sustained growth while it maintains profitable operations. One key strategy is the selective acquisition of laboratory business in small, profitable chunks. The sales price paid for Medilabs demonstrates how much decline…

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Regionalization And Consolidation Continue

STORIES IN THIS ISSUE REVEAL HOW PERVASIVE THE TRENDS of regionalization and consolidation are. Whether one agrees or disagrees that managed care is the future of healthcare, it is obvious that regionalization and consolidation will continue to transform healthcare. Consolidation transformed the com…

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