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Medicare Price Cuts Drive Labs to Sell or File BK

CEO SUMMARY: Professional investors are smart with their money. Thus, it is no surprise that clinical lab and pathology companies owned by private equity firms are the first to be sold or closed. These investors are acting in response to the cumulative negative financial impact of recent …

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March 25, 2013 “Intelligence: Late Breaking Lab News”

Last month, Dignity Health acknowledged that it is engaged in negotiations to sell its lab outreach business that is based in Stockton, California. The lab outreach program is known as HealthCare Clinical Laboratories and is associated with 294-bed St. Joseph…

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Patient Service Center Theft Highlights Labs’ Need to Protect Paper Records

LABS PUT SO MUCH EFFORT INTO SECURING electronic health records, that it’s easy to overlook the need to protect paper records. St. Joseph’s Medical Center in Stockton, California, learned this lesson the hard way recently when thieves stole more than 700 paper re…

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