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October 14, 2019 Intelligence: Late Breaking Lab News

Intelligence Late & Latent News

Two interesting partners are working on a project to map the human immune system with the goal of creating a knowledge base that can be used to develop diagnostic tests. Microsoft and Adaptive Biotechnologies of Seattle are collaborating on this project. “Google categorized the world’s information on the internet. What we’re essentially trying to do with

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DOJ Charges 35 Individuals In Genetic Testing Scam

Allegations involve Medicare fraud totaling more than $2.1 billion for unecessary testing

CEO SUMMARY: Federal prosecutors said those charged illegally lured elderly patients nationwide into giving cheek swabs for fraudulent genetic tests. The indicted individuals allegedly paid kickbacks and bribes to medical professionals working with telemedicine companies in exchange for referring Medicare beneficiaries for unnecessary genetic tests. Indictments were announced on Sept. 27 in an investigation that

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Lab Market Update Quest Subsidiary Acquires True Health Assets for $8.5M

BANKRUPT LAB COMPANY TRUEHEALTH DIAGNOSTICS AGREED TO SELL some remaining assets priced at $8.5 million to Cleveland HeartLab, a subsidiary of Quest Diagnostics. True Health, with labs in Richmond, Va., and Frisco, Texas, filed a bankruptcy action in July.

Quest said it will use the acquired assets to expand its cardio-metabolic diagnostic services to new patients

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Strategist Explains Key Trends in Healthcare’s Transformation

Hospitals, physicians, and health insurers rapidly changing how they do business

CEO SUMMARY: Four trends are disrupting the nation’s healthcare system in ways that no one would have predicted just a few decades ago. Ted Schwab, a healthcare strategist, described these trends during his keynote presentation at the 24th Annual Executive War College in May. His insights and predictions will help clinical laboratory directors and pathologists develop

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Alverno Labs Adds Eight Hospitals to Its Network

One of nation’s largest regional laboratory networks now includes 34 hospitals in two states

CEO SUMMARY: In September, Alverno Laboratories, one of the largest networks of regional laboratories in the Midwest, added two Chicago hospital laboratories and six other hospital labs from the AMITA Health system to its network. The additional AMITA Health facilities joined Alverno as a result of health system consolidation. The consolidation of hospitals into health

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Labs Must Respond to New CMS Anti-Fraud Rule

Under enrollment rules, labs and other providers will need to disclose their affiliates’ previous actions

CEO SUMMARY: Clinical labs and pathologists providing tests for patients in Medicare, Medicaid, or Children’s Health Insurance Program should become acquainted with new enrollment rules that go into effect Nov. 4. The new rules allow CMS to revoke or deny enrollment to help stop fraud before it occurs in the federal healthcare programs. CMS intends

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Are Feds Now More Serious about Prosecuting Fraud?

IS IT A COINCIDENCE THAT, IN THIS ISSUE OF THE DARK REPORT, we cover two related developments, both involving the federal government’s efforts to control healthcare fraud and abuse?

First, you’ll read about the new federal rule scheduled to take effect on Nov. 4. It gives federal healthcare investigators new powers to exclude individuals and organizations

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

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