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November 25 2019 intelligence late breaking lab news

Medicare lab test price cuts mandated by the Protecting Access toĀ Medicare Act (PAMA) are eroding the finances of urology groups that do in-office clinical laboratory testing. In the November issue of Urology Times, urologist Robert A. Dowling, MD, wrote a news story that identified the cut…

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2019ā€™s Top 10 Lab Stories Reveal Major Laboratory Industry Trends

This is an excerpt of a 3,163-word article in the Dec. 16, 2019 issue of THE DARK REPORT (TDR). The full article is available to members of The Dark Intelligence Group. CEO SUMMARY: There was plenty of bad news in 2019 for clinical labs and pathology groups. Yet lurking inside this new…

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Bill Would Delay PAMA Reporting for One Year

CEO SUMMARY: For all laboratories that must report private payer price data under the Protecting Access to Medicare Act (PAMA), a new bill in congress would delay the next round of data reporting for one year and require the National Academy of Medicine to recommend ways to improve the da…

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What Labs Can Expect from PAMA in 2019

CEO SUMMARY: Attendees at the Executive War College learned that CMS has taken steps to expand the number of hospital labs required to report their private payer lab test price data under the Protecting Access to Medicare Act, but the unbundling of certain test panels could be problematic…

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Reacting to PAMA Cuts, Lab Works with Payers

CEO SUMMARY: Before Medicareā€™s lab test price cuts went into effect last year, Health Network Laboratories began discussions with private health insurers and nursing home clients about the possibility of renegotiating their contracts. In these discussions, HNL promoted the value it deli…

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April 8, 2019 Intelligence: Late Breaking Lab News

BeaconLBS announced a collaboration with MagnaCare of GardenĀ City, N.Y., last month. The press release issued by the two companies stated that MagnaCare would use the ā€œBeaconLBS Physician Decision Support (PDS) solution with its network of physician and laboratory…

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LIS-EHR Fees Increasing, Say Hospital Lab Execs

CEO SUMMARY: Hospital and health system lab managers say some vendors of electronic health record systems for independent physicians are aggressively raising the fees they charge labs. Labs serving outreach physicians now pay more in two ways, they say. First, they pay the price the vendo…

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LabCorp to Acquire Iowaā€™s Metropolitan Medical Lab

CEO SUMMARY: Without making an announcement, LabCorp said it would acquire the Metropolitan Medical Laboratory, a privately-held laboratory founded in 1914 in Davenport, Iowa. The local newspaper reported that some 136 employees from Metro Medicalā€™s laboratory operations in Moline, Ill….

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February 25, 2019 Intelligence: Late Breaking Lab News

Quest Diagnostics sold its clinical laboratory business in India lastĀ December, thus ending a 12-year effort to build a thriving business in that nation of 1.3 billion people. The buyer was Strand Life Sciences of Bengaluru, India. The transaction was announced in a…

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Critical Lessons for Labs That Report PAMA Medicare Data

This is an excerpt from a 1,565-word article in the Feb.4 issue of THE DARK REPORT. The fullĀ articleĀ is available to paid members of The Dark Intelligence Group. CEO SUMMARY: With most hospitals now included as ā€œapplicable laboratoriesā€ in the PA…

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