Theranos Lays Off More Staff, Voids More Lab Test Results

By Joseph Burns | From the Volume XXIV No. 1 – January 9, 2017 Issue

ONCE AGAIN, the controversial lab testing company, Theranos, Inc., found itself the subject of negative news stories. In recent weeks, The Wall Street Journal reported that the beleaguered lab testing company in Palo Alto, Calif., laid off 155 staffers, voided more laboratory test results, a…

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Gene Testing Lab Goes ‘Cold Turkey,’ Stops Billing Health Plans

By Joseph Burns | From the Volume XXIII No. 6 – May 2, 2016 Issue

CEO SUMMARY: Last year, Kailos Genetics stopped collecting third-party payment, dropped its prices sharply, and started marketing its genetic-screening tests directly to consumers and physicians. At the time, 100% of its revenue came from third-party payers. Today, it gets 100% of its rev…

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Why You Want the Insider’s Perspective of Lab News

By R. Lewis Dark | From the Volume XXII No. 1 – January 5, 2015 Issue

TODAY I WOULD LIKE TO SHARE A QUOTE WITH YOU and offer some thoughts about how it relates to the profession of laboratory medicine that you practice every day. News is what someone wants suppressed. Everything …

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Two Blood Brothers Report Declines in Revenue-Per-Req

By Joseph Burns | From the Volume XX No.14 – October 21, 2013 Issue

REIMBURSEMENT FOR CLINICAL laboratory testing has declined, particularly for molecular tests. As a consequence, the nation’s two largest laboratory testing companies are feeling the negative effect of lower lab test prices. Both Quest Diagnostics Incorporated and Laborator…

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Mass. AG Coakley Cites Two Labs in 48-Count Medicaid Kickback Case

By Robert Michel | From the Volume XX No. 4 – March 25, 2013 Issue

MASSACHUSETTS ATTORNEY GENERAL Martha Coakley has cited two lab companies in a case involving kickbacks related to drugs of abuse testing. Coakley’s office made the announcement on March 8. Coakley alleges that fees were collected from patients illegally and that prescriptions for medications were…

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Rosetta Genetics, Aureon Biosciences, Plus Diagnostics, Atherotech, Sequenom

By Robert Michel | From the Volume XVIII No. 14 – October 17, 2011 Issue

ROSETTA GENOMICS TO LAY OFF 35 EMPLOYEES TO CUT EXPENSES AND SHIFT MORE FUNDING toward sales of its proprietary molecular tests, Rosetta Genomics says it will eliminate 35 jobs. The company, based in Israel, operates a clinical laboratory in Philadelphia, Pe…

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Using Accurate Data to Grow Lab Outreach

By Robert Michel | From the Volume XVIII No. 13 – September 26, 2011 Issue

CEO SUMMARY: In recent years, the laboratory outreach program at the Robert Wood Johnson University Hospital in New Brunswick, New Jersey, has achieved impressive rates of growth in specimen volume and net revenue. One reason for this success is that the lab outreach program moni…

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Pathology Errors in Canada Make National News Once Again

By Robert Michel | From the Volume XVII No. 4 – March 8, 2010 Issue

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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Two Big Pathology Groups Tap Investors for Capital

By Robert Michel | From the Volume XVII No. 2 – January 25, 2010 Issue

CEO SUMMARY: Pathology supergroups in California and Tennessee have each announced major recapitalizations. Both groups will use some of the money to cash out retiring partners. The balance of the new capital will be used to expand their businesses. With so many baby boomer pathologists a…

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War College 2008 Theme: Get Close to Customers!

By Robert Michel | From the Volume XV No. 7 – May 27, 2008 Issue

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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