CEO SUMMARY: Misys Healthcare Systems of London, England, has sold its diagnostic LIS systems to Vista Equity Partners of San Francisco, California, for $381.5 million. The deal raises several questions, particularly for those labs currently running Misys laboratory information systems (LIS). Will the new owner make the substantial investment required to upgrade the LIS and
Tag: lis software
CEO SUMMARY: Among other things, we declare the end to the heyday of the independent commercial lab company which offers a broad test menu to all types of office-based physicians. In its place springs forth the specialty or niche testing laboratory. Small and focused on a specific number of reference and esoteric tests, the number
CEO SUMMARY: Browser-based systems for lab test ordering and results reporting are now offered by a growing number of vendors. Early adopter labs are successfully acquiring these systems and offering them to their physician-clients. In this third installment of our special series, Cory Fishkin explains how to develop effective RFPs (Request For Proposals). He also
BIO-REFERENCE LABS REPORTS STRONG GROWTH IN REVENUE & EARNINGS
LIKE MOST PUBLIC LAB COMPANIES, the financial news continues to be good at Bio-Reference Laboratories, Inc., based in Elmwood Park, NJ.
For second quarter ending April 30, 2001, the lab reported revenues of $19.8 million, an increase of 22% over revenues of $16.3 million for same quarter last
CEO SUMMARY: THE DARK REPORT’S annual ranking of the Top Ten LIS Vendors reveals that sales of new LIS products declined for the second consecutive year. This is evidence that the influence of multi-hospital health systems is changing the way LIS is purchased and implemented. It is also evidence that LIS buyers are moving with
CEO SUMMARY: Probably no one is better positioned to identify the evolution of laboratory information services than Bruce Friedman, M.D., Professor of Pathology at the University of Michigan Medical School in Ann Arbor. For almost 20 years, he has hosted the pre-eminent meeting in laboratory informatics, known as AIMCL—Automated Information Management for Clinical Laboratories. Dr.
SALES OF LIS SYSTEMS SLOWED DURING 1999 due to concerns about Y2K problems. But the real story in the LIS arena was the impending arrival of technology that takes advantage of the Internet and the Web.
Sales champs in THE DARK REPORT’s annual ranking of the Top Ten LIS Vendors for 1999 are Meditech and Fletcher
CEO SUMMARY: Expect the Internet to be a tool for leveling the competitive playing field. Ten rural hospital labs in New Hampshire are now connecting their labs and their outreach physician office clients with a Web-based lab test ordering and results reporting system. The goal is to increase shared testing of lab work among members,
CEO SUMMARY: It’s another roller coaster ride for clinical laboratories and pathology practices. Within 24 months, virtually all physician offices will be using web-based technology to order lab tests and receive test results. Web-based ordering/reporting of laboratory testing will drive the organizational form of laboratories and pathology groups throughout the upcoming decade.
IF LABORATORY CONSOLIDATION was
CEO SUMMARY: Consolidation in the LIS industry continued during 1997. The impact for laboratory buyers is that market share is concentrated among fewer vendors. Over the long term, this reduces choice and leads to an oligopoly-type of market. In the short-term, all LIS companies are competing aggressively to build market share.
DURING 1997, Cerner Corp. toppled