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Consumer-Directed Healthcare by Mango

CEO SUMMARY: This former laboratory executive declares that Consumer-Driven Healthcare Plans (CDHPs) are “the most significant development in health insurance since the widespread introduction of HMOs in the 1980s.” Paul Mango, now at McKinsey & Co., has plenty of good news for la…

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Crime In the Lab Industry: A Poor Track Record

CEO SUMMARY: In a remarkable finding, THE DARK REPORT demonstrates how 17.5% of the public laboratory companies in operation since 1990 have had an existing or former CEO indicted for federal crimes! This is a powerful statement about business practices in the laboratory industry and the …

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Problems with ICD-9 Codes Contribute to Coder Shortage

ALTHOUGH ICD-9 IS CONSIDERED inadequate to effectively meet the needs of today’s healthcare system, a number of hurdles prevent implementation of the proposed ICD-10 codes. Of equal significance is another problem intertwined with the inadequate ICD-9 coding system: a nationwide shortage of coders…

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Unique Solution to Control Reagents, Other Supplies

CEO SUMMARY: This San Francisco hospital laboratory hit a home run with its clever use of automated materials management units, originally used in pharmacies. Reagents, phlebotomy supplies, and other laboratory consumables are stored in an access-controlled environment. Benefits have been…

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“June 20, 2005 Intelligence: Late Breaking Lab News”

Meet Engel von der Killer Tal Schanze! She’s the newest member of THE DARK REPORT Team and came to us all the way from Germany. Engel (which means Angel in English) is just 12 weeks old and is latest in a long line of Deutsche Schaeferhunds (German Shepards) raised for serious Schutzhund duties. In…

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Lab Innovators Point Way At Executive War College

CEO SUMMARY: Now in its tenth year, this Executive War College attracted a record crowd, including laboratory leaders from Europe, Africa, South America, and Asia. The unexpected finding was that, along with the growing acceptance of Lean, Six Sigma and other quality management systems by…

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LIS Market Evolving To Serve New Needs

CEO SUMMARY: Ongoing reimbursement declines, coupled with other key factors, are pushing labs to seek new capabilities for their laboratory information systems (LIS). Another influence is the growth of molecular diagnostic programs in hospital labs. Molecular testing places unique demands…

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“Coming Out” Party In Atlanta for IQLM

CEO SUMMARY: It was like a debutante ball for the fledgling Institute for Quality in Laboratory Medicine (IQLM). Over three days, thought leaders in healthcare and laboratory testing tackled the issue of how laboratory medicine can improve patient safety and contribute to higher-quality h…

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Horizon and Caremark Rx Put $3 Mil into E-Prescribing

IT’S A $3 MILLION BET on the value of electronic prescribing by physicians. Horizon Blue Cross/Blue Shield of New Jersey and Caremark Rx are teaming up to subsidize the cost to convert 700 physicians onto electronic prescription systems. The $3 million subsidy wil…

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Why Is There Crime In the Lab Industry?

CEO SUMMARY: Since 1991, there have been criminal indictments or criminal convictions of four former CEOs of public lab companies. Given the limited number of public lab companies active in the market at any moment in time, this is a remarkably high rate of criminal behavior. Moreover, th…

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