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Bio-Reference Labs An Example Of How Regional Labs Can Grow

IT’ S QUARTERLY EARNINGS TIME, which makes it possible to evaluate trends in the laboratory services marketplace by looking at the performance of public laboratory companies. Because of their large size and market dominance, the two national laboratory companies are closely watched to see how they…

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“November 10, 2003 Intelligence: Late Breaking Lab News”

Has the disappearance of much despised closed panel HMOs eased the financial woes of physicians? Apparently not, according to a recent study. Medical groups are losing money. Nationwide, the average loss-per-physician by medical groups was $3,977. In the 2003 survey, 25,784 physicians responded, a 26…

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NY Labs Had Unique Problems During August Power Outage

WHEN THE POWER OUTAGE on August 14 hit states from New York to Michigan, the crisis plans of laboratories throughout the region were put to the test. For the most part, laboratories across this region were prepared and continued to deliver the most critical testing services. Even where operations we…

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“July 7, 2003 Intelligence: Late Breaking Lab News”

Employers should brace for another round of higher health insurance costs. The early sign of more double-digit premium increases comes from California. Directors of CALPERS (California Public Employees Retirement System) voted to raise member HMO premiums by an average of between 16….

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Focus Technologies Offers SARS Test to Clinicians

EARLIER THIS MONTH, Focus Technologies reference laboratories of Cypress, California announced the development of a “first-generation, real-time PCR test” designed to detect the presence of the coronavirus associated with severe acute respiratory syndrome (SARS). “Focus devel…

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Beaumont Reference Labs Earns ISO-9000 for Outreach

MOTIVATED BY THE GOAL of improving all aspects of its laboratory outreach program, Beaumont Reference Laboratories (BRL) of Royal Oaks, Michigan recently earned its ISO-9000:2001 certification. “In the competitive market for lab testing, we wanted to raise the bar,” stated Joseph E. Skrisson, D…

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“May 5, 2003 Intelligence: Late Breaking Lab News”

There are rumors coming from the West Coast that government laboratory regulators are targeting at least one laboratory company for some significant violations. Because allegations of compliance violations by the government can severely damage a lab company’s reputation, there is a tight lid on infor…

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“April 14, 2003 Intelligence: Late Breaking Lab News”

Lab executives and pathologists concerned about closed panel HMOs should closely study a recent Supreme Court decision. On April 2, the court issued a ruling that supports a state’s right to enact “any willing provider” laws. Kentucky had passed two laws requiring health plans to accept all out…

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Bio-Reference Labs, Quest Diagnostics, TriPath Imaging, Specialty Labs, SARS

BIO-REFERENCE LABS POSTS 20% INCREASE IN ANNUAL NET REVENUE LAST YEAR’S FRENZY of laboratory acquisitions left Bio-Reference Laboratories, Inc. of Elmwood Park, New Jersey as the nation’s third-largest public laboratory company focused primarily on physicians’ office t…

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“Where’s The Beef?” AP’s AWOL at AmeriPath

REMEMBER THAT FAMOUS TELEVISION commercial from Wendy’s burger restaurants? The elderly lady scrutinizes a big hamburger bun that’s obviously short on meat and asks the seminal question “Where’s the beef?” In 1984, it was a catch line that captured the American imagination and was repeated…

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