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“December 5, 2005 Intelligence: Late Breaking Lab News”

On November 9, Luminex Corporation was awarded the “2005 Clinical Diagnostics Technology of the Year” Award from Frost & Sullivan. The award recognizes “clinical diagnostics technology that shows the potential to become an industry standard, achieve a high …

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Using Laboratory Informatics to Add Value

IN THIS ISSUE, YOU WILL READ ABOUT THE SALE of Spectrum Laboratory Network and the ongoing integration of laboratory services at Geisinger Health System. Although, on first reading, it may seem that these two stories are unrelated, I would like to call your attention…

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Spectrum Lab Network Is Sold to Equity Investor

CEO SUMMARY: Timing of the sale of Spectrum Laboratory Network to Apax Partners, L.P. was unexpected, but it’s been known for some time that the fast-growing regional laboratory was entertaining purchase offers. Under new ownership and with ready access to ample capital, Spectrum is optimis…

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Private Equity Firms: Ready to Buy More Labs?

CEO SUMMARY: Times are good in the laboratory industry. At least that’s the opinion of a growing number of professional investors. They are searching throughout the country for laboratories to acquire. They are motivated by the consistent financial performance of many lab companies, bot…

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Lab Integration At Geisinger Contributes to Better Outcomes

CEO SUMMARY: There have been two benefits from the use of sophisticated laboratory informatics at the laboratory division of Geisinger Health System in Danville, Pennsylvania. Benefit one is a standardized, fully-integrated lab information system that collects all lab test results, includ…

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Payers Begin Speeding Up Payment to Physicians

CEO SUMMARY: Labs and pathology groups have always found it tough to bill patients and collect a high proportion of those obligations. That situation is about to change, and fast! Payers recognize that, as more consumers are required to pay higher deductibles, co-pays, and out-of-pocket e…

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“November 14, 2005 Intelligence: Late Breaking Lab News”

Home screening for colon cancer is about to commence on a large scale in the United Kingdom. Beginning in April 2006, two million people between the ages of 60 and 69 will be sent test kits every second year. Consumers will receive Fecal Occult Blood (FOB) test kits. They will collect their own speci…

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Mergers Create Health Insurance Oligopoly

WITH EACH ROUND OF ACQUISITIONS involving the nation’s largest health insurers, more power concentrates into the hands of ever-larger corporations. For example, just two companies, WellPoint, Inc. and UnitedHealth Group, Inc., now insure one-third of the 150 millio…

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Payer Consolidation: WellPoint Buys into NYC

CEO SUMMARY: Acquisition by acquisition, the health insurance industry is consolidating. Wellpoint, Inc., already the nation’s largest health insurer at 28 million members, is acquiring WellChoice, Inc. and adding another 5 million members to its total. One consequence of this consolida…

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OML Graduates First Distance-Learning MTs

CEO SUMMARY: Faced with staffing shortages and a ready pool of B.S. graduates in the local community, two years ago, Oregon Medical Laboratories decided to use long-distance learning programs to recruit and train employees interested in earning certification as MTs and MLTs. This business…

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