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laboratory testing companies

October 5, 2015 Intelligence: Late Breaking Lab News

By Robert Michel | From the Volume XXII No. 14 – October 5, 2015 Issue

More venture capital money is moving into the medical laboratory industry in India. In September, Metropolis Healthcare Ltd of Mumbai, India, disclosed that Carlyle, a private equity company, had purchased a 36.5% ownership interest in the lab company. In April, Warburg Pincus �…

Two Blood Brothers Report Declines in Revenue-Per-Req

By Joseph Burns | From the Volume XX No.14 – October 21, 2013 Issue

REIMBURSEMENT FOR CLINICAL laboratory testing has declined, particularly for molecular tests. As a consequence, the nation’s two largest laboratory testing companies are feeling the negative effect of lower lab test prices. Both Quest Diagnostics Incorporated and Laborator…

Unpaid for Molecular Tests, Some Labs Are Closing

By R. Lewis Dark | From the Volume XX No. 6 – May 6, 2013 Issue

THERE IS GREAT FRUSTRATION ACROSS THE LABORATORY MEDICINE PROFESSION on the subject of getting paid for claims covered by the new Tier I and Tier II molecular test CPT codes. We are now in the fifth month of the year and pathologists are still waiting for an acceptable resolution to this situation. …

Today’s Lab Test Model Won’t Survive Reforms

By Robert Michel | From the Volume XIX No. 4 – March 12, 2012 Issue

CEO SUMMARY: For more than three decades, independent lab companies have waxed fat by increasing their respective market share of lab test referrals from office-based physicians. This era is poised to end as growing numbers of office-based physicians begin to practice medicine within an a…

Quest Diagnostics and LabCorp Report Second Quarter Earnings

By Robert Michel | From the Volume XVIII No. 10 – July 25, 2011 Issue

JUST ONE DAY APART, the nation’s two largest laboratory testing companies reported second quarter and half-year earnings for 2011. Each financial report opened a window into marketplace developments for the first six months of this year. First to release its earnings report was Quest Diagn…

Will Lawsuits Re-shape Current Lab Practices?

By Robert Michel | From the Volume XVIII No. 9 – July 5, 2011 Issue

CEO SUMMARY: Recent events in California, triggered by a lab whistleblower lawsuit filed in 2005 and unsealed in 2009, provide the latest example of how these lawsuits and related government enforcement actions can cause fundamental changes in the pricing and marketing p…

Medi-Cal Deal Raises Interesting Questions

By Robert Michel | From the Volume XVIII No. 8 – June 13, 2011 Issue

CEO SUMMARY: From the perspective of the average citizen, it would appear that Quest Diagnostics scored two major “wins” over the California Attorney General in the negotiations as to how the whistleblower lawsuit was to be settled. Language in the settlement agreement would …

Discounted Lab Prices Become Issue in California

By Robert Michel | From the Volume XVII No. 18 – December 27, 2010 Issue

CEO SUMMARY: For decades, California’s lab testing market has been considered the Wild West because clinical lab companies have felt relatively free to offer deeply-discounted prices to expand market share and take business away from competitors. Now these discounted pricing pr…

Two New Lab Companies Will Open in L.A. & Denver

By Robert Michel | From the Volume XVII No. 13 – September 13, 2010 Issue

CEO SUMMARY: It is unprecedented for two multi-billion-dollar health systems to announce laboratory testing outreach joint ventures just days apart. In Los Angeles, Providence Health & Services will partner with PAML to start a commercial lab company in the San Fernando Valle…

Volume XXXII, No. 1 – January 6, 2025

The Dark Report examines how AI is being used to predict the outcomes of FDA LDT lawsuits. Also, this issue is Part Two of a series about boosting pathology compensation in different settings, including hospitals. Two experienced pathology consultants identify the most effective approaches when negotiating Part A pathology agreements with hospitals and health systems, along with how to use data to bolster these negotiations.

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