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IMPATH Delisted by Nasdaq, Under Investigation by SEC

EFFECTIVE AUGUST 27, Nasdaq Stock Market, Inc. delisted the stock of IMPATH, Inc. Less than a week earlier, IMPATH had disclosed that it was under investigation by the Securities and Exchange Commission (SEC). IMPATH can truly be described as a comp…

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20% Medicare Co-Pay A Blow to Regional Labs

CEO SUMMARY: Informed speculation indicates that private health insurers are likely to adopt some form of laboratory test co-payment if the proposed Medicare 20% lab test co-pay legislation becomes law. For hospital laboratory outreach programs, the resulting reduction of reimbursement an…

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“September 8, 2003 Intelligence: Late Breaking Lab News”

Early last week, Laboratory Corporation of America announced an out-of-court settlement in its lawsuit involving its subsidiary, DIANON Systems, Inc. As plaintiff, DIANON had sued five former DIANON employees and their new company, DiaPath LLC. The c…

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Major Events Hit Pathology Profession

ACROSS THE AMERICAN HEALTHCARE SYSTEM, numerous trends tug at pathologists and the laboratory medicine services they provide. Both clinical pathologists and anatomic pathologists find themselves confronted with a growing number of demands for change. Increasingly these demands can no longer be ignore…

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National Lab Standards Coming For Patient Safety

CEO SUMMARY: Because lab test data plays such an important role in medical decision-making, the Centers for Disease Control and Prevention (CDC) has launched a national effort to evaluate the quality of clinical and public health laboratories. In forming a Quality Institute, the goal is t…

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Gauging The Impact Of Lab Patient Safety

CEO SUMMARY: Within 18 months, the Laboratory Quality Institute plans to issue a national report on the quality of laboratory services. Not only will this bring a new level of public attention and scrutiny to clinical laboratory operations, but it will require everyone involved in deliver…

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Last Week’s Power Outage Affects Labs in Many Regions

EVERY AFFECTED LABORATORY knows the precise time. Somewhere between 4:00 and 4:15 P.M. EST last Thursday is when the local power company stopped feeding electricity in cities ranging from New York City west to Toledo, Detroit and parts of Canada. As of press time, many labs in affected cities lacked…

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First ISO-Designed Clinical Lab Improves Outcomes, Costs

CEO SUMMARY: In the first 14 months of operation, Kaiser Permanente Northwest’s new automated regional laboratory facility, the nation’s first designed by an ISO-9000-certified lab organization, is yielding big gains in both productivity and outcomes. In its high-volume core lab, prod…

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ARUP Laboratories, Ascension Health, IMPATH

ARUP SNAGS MAJOR HOSPITAL SEND-OUT PACT WITH ASCENSION HEALTH FOLLOWING AN EXHAUSTIVE RFP PROCESS, Ascension Health has selected ARUP Laboratories, Inc. to be its sole source provider of reference laboratory testing. This national agreement covers all 67 h…

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“August 18, 2003 Intelligence: Late Breaking Lab News”

Recently Laboratory Corporation of America recruited and rehired three DIANON sales reps who had left the company following its acquisition by LabCorp earlier this year. On its second quarter conference call, LabCorp officials, under criticism for numerous departures of DIANON sales …

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