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Annual Ranking of Public Laboratory Companies

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Public Labs Enjoy Boom Times As Revenues & Profits Climb

TAKEN COLLECTIVELY, second quarter earnings reports by public lab and pathology companies send a strong message: the lab industry is in the midst of a revenue and profit boom. It’s been more than a decade since every public lab and pathology company reported strong growth in both revenues and oper…

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“May 21, 2001 Intelligence: Late Breaking Lab News”

As predicted in the last issue of THE DARK REPORT, Quest Diagnostics Incorporated did acquire all the remaining shares of MedPlus, Inc. which it didn’t already own. MedPlus offers a variety of clinical information products, including one to create and manage electr…

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Wall Street Journal Addresses Error Rates by Pathologists

MEDICAL ERRORS HAVE TAKEN center stage in the public eye, and recently the Wall Street Journal (WSJ) printed a prominent story about errors made by the pathology profession. On Friday, April 13, the WSJ’s “Health Journal” column on the front page of section two tackled the topic of pa…

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Institute of Medicine Calls For 12 Medicare Lab Reforms

CEO SUMMARY: Since 1987, the clinical lab industry has endured almost non-stop cuts in the absolute level of Medicare reimbursement for lab testing. But the time may be ripe for laboratories to work together to effect far-reaching reforms to Medicare laboratory payment policies. Just as t…

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THE DARK REPORT Honors Lab “Movers & Shakers”

CEO SUMMARY: It’s time again to recognize and honor the lab industry’s strong leaders in innovative management. These laboratory executives are implementing business strategies designed to position their lab organizations to serve the changing needs of the healthcare system. Their vis…

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Tissue Banking May Be Source Of New Pathology Revenues

CEO SUMMARY: Evidence is accumulating that tissue banking may be where the “rubber meets the road;” where pharma money funds technology enhancements that directly benefit the profession of pathology. Without question, the need by pharma, biotech, and genomic companies to access, analy…

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Knoxville Path Group Reports Tests Via Web

CEO SUMMARY: Pathologists at Knoxville Pathology Group are adding to their reputation for progressive business thinking. In addition to a regionalization strategy—which includes participation in Pathology Service Associates—in January they became one of the first local pathology pract…

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Market Changes Lead LabCorp To Follow New Strategic Direction

CEO SUMMARY: When formed in 1995, Laboratory Corporation of America faced a financially-hostile marketplace for lab testing services. However, strategic planning retreats in 1997 and 1999 were pivotal in redirecting this billion-dollar lab behemoth toward financial stability. During 2000,…

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“Local” Anatomic Path Has Two Major Players

CEO SUMMARY: After a lot of money and much effort, the fledgling crop of companies wanting to consolidate and manage pathology group practices has narrowed into just two market leaders: AmeriPath and Pathology Service Associates. These two companies could not be more different in their go…

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