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Unprecedented Times Lie Ahead For Labs

CEO SUMMARY: Here’s a lab industry first: insight and analysis about why hospital/health system laboratories are already feeling the financial pinch as their parent organizations scramble to conserve and accumulate cash. That’s bad news for IVD vendors and other lab industry …

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Cleveland Clinic Unveils Plan For New National Esoteric Lab

DESPITE A WORSENING ECONOMY, the Cleveland Clinic will begin construction of a major new $25 million laboratory facility of 100,000 square feet this summer. The lab is expected to open by the end of 2010. During the past two years, Cleveland Clinic has quietly laid the groundwork to…

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Olympus Diagnostics Unit Sold to Beckman Coulter

CEO SUMMARY: For Beckman Coulter, the opportunity to acquire the diagnostics business of Olympus Corporation was compelling for at least two reasons. One, the chemistry and automation products of both companies are quite complementary. Two, in a steadily-consolidating in vitro di…

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Boston’s Beth Israel Scores Improvement Gains with Lean

CEO Summary: Lean methods are helping laboratories resolve aggravating problems that have been unresolvable for as long as 10 years. At Beth Israel Deaconess Medical Center in Boston, improvement teams involving the laboratory and ED staff addressed high rates of hemolyzed specim…

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March 16, 2009 “Intelligence: Late Breaking Lab News”

In the United Kingdom, there is an interesting development regarding anatomic pathology and clinical laboratory services. The trust which operates the famous 986-bed Guy’s Hospital and 957-bed St. Thomas’ Hospital has entered a joint venture with Serco Gr…

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Medicare Carrier Proposes No Pay for Vitamin D Test

CEO SUMMARY: Medicare contractor NGS wants to end payment to labs and physicians for routine Vitamin D testing. In a proposed local coverage determination (LCD), the Medicare carrier says it would cover Vitamin D testing only for patients with chronic kidney disease, osteomalacia…

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Need Rigorous Validation For Home Brew Assays

CEO SUMMARY: National headlines about erroneous Vitamin D results are a reminder to the lab industry of the imprecision and risks associated with home brew testing. According to one laboratory expert, every laboratory-developed test (LDT) must meet two high standards. On…

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Local Labs Have Opportunities To Increase MC Patient Access

CEO SUMMARY: Although the nation’s two largest laboratory companies have achieved a dominant managed care position, opportunities remain for regional labs to do more business with managed care plans. Two experts provide an update of managed care pricing trends for labo…

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Ten Years Ago: Quest Diagnostics Agrees to Buy SmithKline Labs

IT WAS 10 YEARS AGO THIS MONTH when a major event changed the competitive landscape for lab testing services. On February 9, 1999, Quest Diagnostics Incorporated signed an agreement to purchase SmithKline Beecham Clinical Laboratories (SBCL). It was…

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Are Labs To Be Punished for Vitamin D Testing?

HERE’S AN INTERESTING QUESTION: Are labs to be punished because patients want to know if their Vitamin D levels are sufficient? Consider this: THE DARK REPORT predicted last year that labs might suffer a backlash from payers as a result of increased demand for Vitamin D testing. In a briefing titl…

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