lab process Archives

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lab process

Value of Miraca Falls By 92% from 2011 to 2017

By Joseph Burns | From the Volume XXIV No. 17 – December 11, 2017 Issue

CEO SUMMARY: Miraca Life Sciences amended its merger agreement with Avista Capital Partners after the lab lost value in the two months since the agreement was signed in September. Factors precipitating the revision were a significant decline in reimbursement rates, stiff competition from …

Paths of Hospital Labs, Independent Labs Diverge

By Robert Michel | From the Volume XXIV No. 16 – November 20, 2017 Issue

CEO SUMMARY: With each passing year, the primary role of hospital and health system labs evolves in a different direction than that of independent lab companies. This trend is a response to the creation of integrated delivery networks paid on value and how they are scored on their ability…

NYU Langone and Sonic Healthcare Create Laboratory Outreach Joint Venture

By Joseph Burns | From the Volume XXIV No. 13 – September 18, 2017 Issue

CEO SUMMARY: NYU Langone Health recognized the clinical and financial advantages of providing competitive lab outreach testing services to its employed physicians. The laboratory joint venture with Sonic Healthcare USA will allow NYU Langone to increase use of its hospital labs and will f…

Detroit Hospital Develops 10 Ways To Add More Value

By Joseph Burns | From the Volume XXII No. 12 – August 24, 2015 Issue

CEO SUMMARY: Clinical labs are beginning to make the transition from a volume-based financial model to a model based on value-based payments. To survive this transition, labs must find ways to create value. The lab at Henry Ford Health System has identified 10 ways that it c…

Benchmarking with the Best To Be a World Class Laboratory

By Robert Michel | From the Volume XXII No. 5 – March 30, 2015 Issue

CEO SUMMARY: This fourth installment of this special series about the laboratory value pyramid introduces “Level Four: Use Benchmarks to Achieve Best-in-Class.” This is the highest level of the four level pyramid. When a lab organization performs at this level, it will be deliver…

Gearing Up the Laboratory to Exceed Expectations of External Customers

By Robert Michel | From the Volume XXII No. 3 – February 17, 2015 Issue

CEO SUMMARY: This is the third installment of THE DARK REPORT’S description of the Laboratory Value Pyramid. It describes “Level Three: Deliver Value that Exceeds Expectations.” This is the level where the laboratory organization now shifts its emphasis from internal operation of…

Defining a Path to Clinical Laboratory Best-in-Class via Benchmarks

By Robert Michel | From the Volume XXI No. 13 – September 22, 2014 Issue

CEO SUMMARY: With the American healthcare system undergoing a major transformation, it is essential that all clinical laboratories and pathology groups recognize this transformation and effect the right strategies to meet the needs of physicians, patients, and payers. A g…

Wall Street Journal Raises Allegations of Lab Fraud

By Joseph Burns | From the Volume XXI No. 13 – September 22, 2014 Issue

CEO SUMMARY: Federal investigators are looking into possible violations of the antikickback law by a number of labs offering cardiology tests. The labs under investigation are alleged to have paid physicians processing fees of up to $20 per patient, the Journal reported in a front page st…

Dealing with Realities of Changing Market

By Joseph Burns | From the Volume XXI No. 10 – July 21, 2014 Issue

CEO SUMMARY: Swift transformation of the American healthcare system is causing financial challenges for those clinical labs and pathology groups that have been slow to react to these developments. At NorDx Laboratories in Scarborough, Maine, the team is following the classic five rules fo…

Physician Group ACO Targets High-Volume Tests for Savings

By Joseph Burns | From the Volume XXI No. 3 – February 24, 2014 Issue

HERE’S AN EXAMPLE OF HOW an accountable care organization views cost control. Atrius Health sought to control excess costs by focusing on high-priced items. It started with inappropriate hospitalizations and imaging studies and moved on to laboratory testing. Atrius Health is…

Volume XXXI, No. 16 – November 25, 2024

Two different federal lawsuits that challenge the authority of the federal Food and Drug Administration (FDA) to regulate laboratory developed tests (LDTs) will be combined. Plaintiffs and the government in both cases agreed to move forward on this basis.

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