Tag: healthcare clinical laboratories

Medicare Price Cuts Drive Labs to Sell or File BK

By Robert Michel, from the Volume XX No. 15 - November 11, 2013 issue

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 cuts to lab test prices. Even more worrisome

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

By Robert Michel, from the Volume XX No. 4 - March 25, 2013 issue

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’s Medical Center. The story surfaced after Dignity Health (formerly know as Catholic Healthcare West) notified

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Volume XXV No. 17 – December 3, 2018

DID CONGRESS JUST PASS A LAW that makes innocent labs guilty of criminal acts? At the last minute, Congress added all clinical laboratories to a far-reaching anti-kickback provision in the newly-enacted Support for Patients and Communities Act -- a provision that makes common practices such as paying commissions to sales staff or placing phlebotomists in labs could be illegal. Worse: The experts are baffled by the language of the new law. Notes one of these experts in this issue, "Someone in the clinical lab industry may have to get prosecuted before we get some clarity, unless the Secretary of HHS issues clarifying regulations."

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Tag: healthcare clinical laboratories

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