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December 3, 2018 Intelligence: Late Breaking Lab News

Intelligence Late & Latent News

Another long-established regional laboratory company is about to be acquired. On November 27, Boyce and Bynum Pathology Laboratories of Columbia, Mo., disclosed that it had entered an agreement to be acquired by Quest Diagnostics Inc. Notably, the press release about the agreement states that the anatomic pathology division, Boyce and Bynum Professional Services, Inc., and the

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IVD Sector Update Illumina to Pay $1.2 Billion to Acquire Pacific Biosciences

Deal gives Illumina ownership of two different technologies for sequencing whole human genomes

IT’S AN ACQUISITION THAT BRINGS TOGETHER two different gene sequencing technologies into one firm. On Nov. 1, Illumina, Inc., announced an agreement to acquire Pacific Biosciences (PacBio) for $1.2 billion.

This deal will bolster Illumina’s already-dominant position in the market for DNA-sequencing machines. Wall Street analysts quickly pointed out that this gives Illumina control of two gene

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Managed Care Update UnitedHealth Rumored to Be Excluding Labs from Its Network

Early information indicates the health insurer is terminating contracts of regional, indy labs

IN RECENT DAYS, RUMORS HAVE SURFACED that UnitedHealthcare has begun to terminate the contracts it holds with a number of regional and non-national clinical laboratories.

This news surfaced just as The Dark Report went to press. Given its importance to the clinical laboratory industry, we wanted to alert lab executives and pathologists to this development as

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U of Florida Health Improves Patient Care with PGx Testing

Many physicians still do not understand pharmacogenetics testing

CEO SUMMARY: Since 2011, the University of Florida Health System has used pharmacogenetic test (PGx) results to guide physicians when they prescribe certain drugs. This initiative has improved patient outcomes, reduced the overall cost per episode of care, and gained partial reimbursement from health insurers for PGx test claims. As this testing becomes more widespread, clinical

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Attorney Explains Risks from New ‘Support Act’

Under new legislation, paying sales commissions for clinical lab test referrals could be a criminal act

CEO SUMMARY: Legislation signed into law on Oct. 24 was designed to stem the nation’s opioid crisis. But in addition to applying to sober homes and addiction treatment centers, the law also applies to clinical laboratories. Called the ‘Support for Patients and Communities Act,’ the law could authorize criminal penalties for labs that pay sales

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New Opioid Law Hits Labs Paying Sales Commissions

ACLA requests HHS to review safe harbors under ‘Support for Patients and Communities Act’

CEO SUMMARY: At the last minute, Congress added all clinical laboratories to a far-reaching anti-kickback provision in the newly-enacted Support for Patients and Communities Act. This provision applies to all payers, both government and private. Lab experts say this new law could have a negative effect on patient care because it could make relatively innocuous

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If 2019 Is a Tough Year, Blame Government, Payers

Traditionally, the new year is a time of optimism. People make resolutions such as exercising more and losing weight. Companies get to start the year with a fresh budget and the new opportunity to achieve their goals.

Unfortunately, events of the last 90 days of this year are not auspicious for clinical laboratories and anatomic pathology

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Don’t Be at the Mercy of the Tumultuous Healthcare Revolution

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