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“August 26, 2002 Intelligence: Late Breaking Lab News”

Here’s a fact of significance. Economy.com reports that, in 2001, revenues from fixed-line telephone service declined for the first time in decades. Analysts say that consumers and businesses are shifting spending to wireless telephones. It is confirmation that our economy continues to mo…

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Attack on Clinical Path Professional Payments

MANY PATHOLOGISTS WITH AN ECONOMIC INTEREST in clinical pathology professional component reimbursement have yet to fully appreciate the impact of an unfavorable decision rendered by a Florida appeals court recently. As you will read on page 5, an insurance company in Florida was actively sending let…

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Lab Testing to Boom During This Decade

CEO SUMMARY: Several recent acquisitions of lab test technology by billion-dollar diagnostics manufacturers reinforce a new reality in the healthcare marketplace: developing new diagnostic tests is faster, cheaper, and more profitable than developing new pharmaceutical products. This simp…

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Specialty Laboratories’ New CEO Reveals How His Company Is Changing

“You will see a more tightly focused Specialty Labs. We won’t try and do everything, rather we will do what is important for our customers.” —Douglas S. Harrington, M.D CEO SUMMARY: In recent months, several events roiled the market for hos…

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Big Premium Increases Drive Higher Profits at Nation’s HMOs

EVEN AS EMPLOYERS COMPLAIN about spiraling healthcare costs, the nation’s biggest health insurers are enjoying robust profits. That brings up the interesting question about whether providers, including laboratories, can get better pricing during the next year, since HMOs are again profita…

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Unfolding Events at Unilab, Specialty Labs and Dynacare

RECENT WEEKS BROUGHT important developments to several public lab companies. Each development changes and alters the competitive marketplace for laboratory testing services. It was big news at Specialty Laboratories, Inc. when the troubled lab company signed a Plan of Correction (PO…

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Two New Public Labs Launch Operations in FL

CEO SUMMARY: In 49 states, independent commercial laboratory companies are disappearing. But that’s not the case in Florida. In recent months, two new public laboratory companies completed organizational steps and now offer diagnostic testing services. Both companies are starting small,…

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Specialty Progresses With CA Lab Regulators

CEO SUMMARY: Earlier this month California laboratory regulators found Specialty Laboratories, Inc. to be “in substantial compliance with California clinical laboratory law.” This is an important milestone in restoring the lab company to full compliance with both state and federal labor…

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United Kingdom Soon to Tackle Consolidation of Hospital Labs

CEO SUMMARY: Consolidation and regionalization of hospital laboratory testing are not isolated phenomenons. Beginning in the late 1980s, individual provinces in Canada began to rationalize lab testing services by building core labs and consolidating lab services across multiple hospitals….

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Aetna, AmeriPath, DIANON, IMPATH, JCAHO

AETNA RECOMMENDS PAYERS SUPPORT GENETIC SCREENING TESTS ALL LABORATORIANS SHOULD send a special note of thanks to Aetna Chairman and CEO John W. Rowe, M.D. for his recommendation that the health industry support the concept of genetic testing. He made these recommendations as part of speech…

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