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Nichols Diagnostics Stops Product Sales

CEO SUMMARY: It’s an odd story. One of the nation’s most respected names in diagnostics quietly ceases delivering products—and no one in the laboratory industry pays much attention. Last month, Nichols Institute Diagnostics, acknowledging production problems it has not yet resolved,…

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New OIG Opinion 05-08 On Phlebotomy Fees

CEO SUMMARY: At the request of a yet-unidentified laboratory, the Office of the Inspector General issued Advisory Opinion 05-08 last month. It is a negative opinion on a proposed arrangement where a laboratory would reimburse client physicians as much as $6 for each blood draw performed b…

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Payer Consolidation: United Buys Pacificare

CEO SUMMARY: For the second time in nine months, a health insurer company has spent around $9 billion to grow by acquisition. This time, it is UnitedHealth Group purchasing PacifiCare Health Systems. These types of deals impact local labs and pathology groups as existing contracts expire….

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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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Techniques to Defend Against Patient ID Theft

CEO SUMMARY: It’s a crime that can strike anyone anywhere— and usually without warning. In fact, identity theft is the July 4 cover story in Newsweek Magazine. However, clients of THE DARK REPORT got the lab industry’s first warnings on this fast-growing crime months ago. To help la…

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Amazing New IT Products Arriving in Healthcare Market

TECHNOLOGY INNOVATIONS are triggering a flow of remarkable new information technology (IT) products into the healthcare marketplace. Not all of these products will gain a foothold, but some have the potential to trigger radical changes in how information flows between patient, provider, and payer. H…

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“July 11, 2005 Intelligence: Late Breaking Lab News”

There’s been strong growth at two companies featured in Fortune Magazine’s 2005 list of “America’s Fastest-Growing Small Public Companies.” Ventana Medical Systems, Inc. earned a ranking as number 28 on the list. Bio-Reference Laboratories, Inc. was ranked …

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DOJ Sends Subpoenas To Quest & LabCorp

CEO SUMMARY: In Newark, New Jersey, the Office of the U.S. Attorney served subpoenas to each of the two blood brothers, seeking information on “capitation and risk-sharing arrangements with government and private payers for the years 1993 through 1999.” At this point, little is known …

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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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National HIPAA Conference Overlooks Patient ID Theft

IN APRIL, SEVERAL THOUSAND PRIVACY OFFICERS and HIPAA compliance officers gathered in New Orleans for the Health Care Compliance Association’s (HCCA) “2005 Compliance Institute.” THE DARK REPORT was in attendance to learn about new issues and concerns for provider compliance w…

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