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Time to Change Bad Medicare Lab Policies

BYZANTINE MEDICARE REGULATIONS AND BELTWAY POLITICS are uncommon topics for THE DARK REPORT. There are any number of other sources out there that provide ample details about laboratory compliance, the complexities of billing and coding, and whether Senator Smootly will or won’t vote for reinstating…

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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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Luminex Test Technology Entering Clinical Usage

CEO SUMMARY: Multi-analyte diagnostic testing is moving closer to widespread clinical usage. During the past 12 months, several of the nation’s largest laboratory companies have begun to use Luminex Corporation’s LabMAP™ system to generate patient test results. At the same time, the…

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Lab Industry Easing Back to Financial Stability

IT MAY NOT BE JUBILATION, BUT THERE’S CERTAINLY LESS DESPERATION among laboratories around the United States. In travels around the country, both commercial laboratories and hospital laboratories tell THE DARK REPORT that the 2000 was unusually free of crises. It was also a more productive financia…

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Web-based Test Ordering Is A “Tough Nut To Crack”

CEO SUMMARY: Shifting office-based physicians to Web-accessed lab test ordering proved to be a daunting task for WebMD and its early competitors. Probably the most significant discovery is that modest capabilities of existing software technology and the lack of Internet broadband connecti…

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DIANON Systems, IMPATH, Specialty Labs, Dynacare, Quest, LabCorp

DIANON & IMPATH REPORT 2000 EARNINGS TWO OF THE NATIONAL anatomic pathology companies reported fourth quarter earnings. Both DIANON Systems, Inc. and IMPATH, Inc. posted big gains in revenues and operating profits for 2000. At DIANON Systems, revenues r…

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Two Labs Complete IPOs, AML May be Next in Line

CEO SUMMARY: During the year 2000, investors liked the performance of clinical labs. When stock market woes surfaced this fall, it was not enough to dampen investor interest in Dynacare and Specialty Laboratories. Both companies funded their initial public stock offering in a difficult ma…

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Dynacare’s Business Plan Includes New Direction

CEO SUMMARY: Look for Dynacare, Inc. to undergo a significant transformation. Although it will not abandon its efforts to partner with hospital laboratories, Dynacare has made a renewed commitment to expand and market itself as a provider of esoteric and reference testing. These changes a…

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Consumers Taking Active Role In Their Laboratory Testing

CEO SUMMARY: Two recent Internet surveys revealed that consumers rank access to their personal lab test results as the number one most wanted feature in healthcare services. This is an early warning for laboratories and pathology group practices. Today’s consumers have changing expectat…

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Converting Business Intelligence Into Lab Profits

AS THE NEW YEAR’S EVE CELEBRATION RINGS OUT THE YEAR 2000 and welcomes 2001, THE DARK REPORT will celebrate more than five years of service to the clinical laboratory industry and the pathology profession. It has certainly been an extraordinary five years for laboratories throughout the United Sta…

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