Feds Bar Elizabeth Holmes from Government Health Programs

By Robert Michel | From the Volume XXXI, No. 2 – February 5, 2024 Issue

ONCE AGAIN, ELIZABETH HOLMES, THE DISGRACED FORMER CEO OF THERANOS, is in the news. This time it is because the federal Department of Health and Human Services (HHS) Office of the Inspector General (OIG) announced in January that Elizabeth Holmes is …

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Layoffs at Major Health Plans Slow Processing of Lab Claims

By Virchow | From the Volume XXXI, Number 1 – January 16, 2024 Issue

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OPKO’s BioReference, Sonic Each Release Earnings Reports

By Robert Michel | From the Volume XXX, Number 18 – December 26, 2023 Issue

BELOW IS A SUMMARY OF RECENT FINANCIAL EARNING REPORTS for OPKO’s BioReference Laboratories and Sonic Healthcare Ltd’s lab operations in the U.S. This finishes our coverage of Q3-23 financial reporting by the larger public laboratory corporations. …

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Violating EKRA Earns Lab Owner an Eight-Year Prison Sentence

By Robert Michel | From the Volume XXX, Number 18 – December 26, 2023 Issue

THIS MAY BE THE MOST HIGH-PROFILE CASE involving a clinical laboratory and the Eliminating Kickbacks in Recovery Act of 2018 (EKRA). Former Arrayit Corporation president Mark Schena was sentenced in October 2023 to eight years in federal prison and ordered to pay $24 million in resti…

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Whole Genome Sequencing for Newborns Gains Favor

By Robert Michel | From the Volume XXX, Number 16 – November 13, 2023 Issue

CEO SUMMARY: Evidence is swiftly accumulating that use of rapid Whole Genome Sequencing (rWGS) for certain children in NICUs can enable diagnostic insights that guide effective interventions. Further, these pilot rWGS programs in childrens’ hospitals are showing a solid return on invest…

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Hospitals, Pharmacies Struggle to Be Profitable

By Robert Michel | From the Volume XXX, Number 15 – October 23, 2023 Issue

CEO SUMMARY: Pharmaceutical companies may be posting strong growth in revenue and profits. But that’s not true for the nation’s largest retail pharmacy chains. Rite Aid’s Chapter 11 bankruptcy filing earlier this month put a spotlight on financial stress at all the retail pharmacy c…

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Lab News Briefs: Joint Commission, Bon Secours, Anthem, Walmart

By Scott Wallask | From the Volume XXX, No. 13 – September 11, 2023 Issue

Joint Commission Looks at Cyberattacks The Joint Commission issued a Sentinel Event Alert for hospitals to address cyberattacks. The alert pr…

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Provider Price Transparency Trend Has New Twist

By R. Lewis Dark | From the Volume XXX, No. 12 – August 21, 2023 Issue

IT’S NOT JUST PATIENTS WHO ARE TYPICALLY UNABLE TO SEE PRICES FOR THEIR MEDICAL CARE IN ADVANCE OF SERVICE. Guess who else is unhappy that they cannot access the prices charged by hospitals, physicians, and other pro…

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Digital Pathology Sales Put Gestalt on Inc. 5000’s Fast Growth List

By Scott Wallask | From the Volume XXX, No. 12 – August 21, 2023 Issue

Digital pathology workflow provider Gestalt Diagnostics earned a place on the Inc. 5000 2023 list of the fastest growing p…

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Expect More Z-code Requirements for Genetic Tests

By R. Lewis Dark | From the Volume XXX, No. 9 – June 19, 2023 Issue

GENETIC TESTING COMPANIES ARE STILL REACTING TO LAST MONTH’S NEWS that one of the nation’s largest health insurers—UnitedHealthcare (UHC)—will require Z-codes for molecular test claims submitte…

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