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New Lab Company Intends to Buy Outreach Labs

CEO SUMMARY: Based in Brentwood, Tennessee, Regional Diagnostic Laboratories (RDX) says it wants to purchase the laboratory outreach programs of nonprofit community hospitals. RDX is a partnership with Warburg Pincus, a New York investment company. It is a credible buyer and has $250 mill…

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Indiana Clinical Lab Taps Data to Improve Service to Doctors

CEO SUMMARY: Business intelligence is on the verge of becoming the next “big thing” in clinical laboratory management. Lab teams are using real-time data dashboards to quickly identify problems and take proactive steps to raise service levels to clients. South Bend Medical Foundation …

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Top 10 IT Trends Send Message For Labs & Pathology Groups

CEO SUMMARY: Healthcare’s shift away from fee-for-service medicine and toward integrated clinical care is widely recognized. However, few lab administrators and pathologists are aware of the even faster transformation underway in healthcare informatics. Presented here are the “Top 10 …

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Quest Diagnostics and LabCorp Report Q-4, Full Year Earnings

IN RECENT WEEKS, each of the nation’s two largest public laboratory companies reported earnings for fourth quarter 2011 and full year 2011. Organic growth at both lab companies continues at low single-digit rates. This continues the pattern of relatively modest growth that has been posted by each …

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March 12, 2012 “Intelligence: Late Breaking Lab News”

One of the nation’s more clever business models for hospital laboratories is co-tenancy. It is a proven way that lab administrators can reduce the cost of inpatient testing. It is for this reason that the Michigan Co-Tenancy Laboratory in Ann Arbor, Michigan continues to grow. It a…

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HIMSS Says 46% of Hospitals Are at Stage 3 EMR Usage

ADOPTION OF ELECTRONIC MEDICAL RECORD (EMR) SYSTEMS by hospitals is occurring at a steady pace. That’s one recent finding by the Health Information and Management Systems Society (HIMSS). In a statement made on February 17, HIMSS officials said that 46% of the nation’s hospitals…

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Shaw & Adelman Successful Support of Lab Networks Need Hospital Leadership

CEO Summary: In the second installment of our exclusive two- part interview, the executive directors of two regional laboratory networks formed in the 1990s (one in Michigan and one in Washington State) share their assessment of why their respective lab networks have performed strongly ov…

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2011’s Top 10 Lab Stories Point to a Busy 2012

CEO SUMMARY: Given the specific news stories that make up THE DARK REPORT’S list of the “Top Ten Lab Stories for 2011,” it might be said that 2011 was a rather quiet year overshadowed by anticipation of the coming reforms mandated by the Accountable Care Act of 2010. For the clinica…

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Integration of Clinical Care and the Lab Industry

DURING 2012, THE HEALTHCARE SYSTEM IN THE UNITED STATES will make measurable progress toward the goal of integrated clinical care. In my view, this will be a positive development for clinical laboratories, since it creates opportunities for labs to step up and add value to physicians, patients, and p…

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Hospital Lab Uses HIE To Win Outreach Clients

CEO SUMMARY: Health information exchanges (HIEs) are operating nationwide, but few handle lab test orders and results with ease the way HealthBridge does. This long-established HIE in Cincinnati, Ohio, allows physicians to send lab test orders from their electronic health record …

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