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Specialty Labs Prepares For Public Stock Offering

CEO SUMMARY: Stock prices for public lab companies zoomed upwards through 2000. For this reason, executives at Specialty Laboratories, Inc. believe it is an auspicious time for their laboratory to bring an initial public offering (IPO) to market. Company officials recently filed a stock r…

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MCOs Asking For More Lab Test Information

CEO SUMMARY: During the past 12 months, managed care companies in Michigan have increased the quantity and quality of the laboratory test information they want from their laboratory providers. Once again, the marketplace is raising the bar for competitive laboratory services. In response,…

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Profitable Prices for New Lab Information Services

ONE RESPONSE TO THE CONTINUED CUTBACKS for laboratory test reimbursement during the 1990s was a deluge of papers and speeches by pathologists and lab executives hammering at the theme that laboratory information possesses the potential to improve the quality of healthcare outcomes while reducing the…

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Laboratory Information Systems “On the Cheap”

YOUR EDITOR AND I HAVE BEEN ATTEMPTING to make sense of the “Internet Revolution” in recent months. The ability of the Internet to make vast amounts of information available to anyone on demand, no matter where they are in the world, will definitely transform the clinical laboratory industry. Af…

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Genesis Clinical Laboratory Hits Outreach Home Run

CEO SUMMARY: Commercial laboratory consolidation has left Chicago with only a handful of laboratory providers. New management at MacNeal Hospital’s for-profit laboratory division recognized this opportunity. During the past three years, the outreach program was revitalized and the sales…

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Predict Steady Decline In Fees For Web-Based Lab Information

EVEN THOUGH WEB-BASED LAB TEST ordering and results reporting is in its infancy, the free market already seems to be driving prices down. Late in 1999, Healtheon/WebMD, Inc. was reportedly signing contracts to provide Web-based information services for fees ranging between 60¢ and …

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Dr. Bruce Friedman Identifies Market Dynamics Driving Evolution of Lab Information Services

CEO SUMMARY: Probably no one is better positioned to identify the evolution of laboratory information services than Bruce Friedman, M.D., Professor of Pathology at the University of Michigan Medical School in Ann Arbor. For almost 20 years, he has hosted the pre-eminent meeting in laborat…

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“July 31, 2000 Intelligence: Late Breaking Lab News”

Medical Management Programs, Inc. (MMP) of Southfield, Michigan is the new owner of the TPA (third party administrator) business formerly held by Universal Standard Medical Laboratories. MMP purchased the TPA business involving lab testing and home health services from USML’s Chapt…

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Neurology is Test Focus For Athena Diagnostics

CEO SUMMARY: There are few examples of laboratory companies focused on a single medical specialty,a business model that is expected to become more common in coming years. One such company is Athena Diagnostics. For 12 years, this company has concentrated on providing diagnostic testing fo…

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“July 10, 2000 Intelligence: Late Breaking Lab News”

When it comes to laboratory information services, the Internet may indeed be a competitive leveler. THE DARK REPORT is tracking a host of small software companies that already have working solutions for Web-enabled lab test ordering and results reporting installed and operating in the field. It seems…

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