Lab, Path Finances Crash; Next Test Wave: Serology

It’s a paradox! As laboratories’ cash flow crashes, the nation asks for large numbers of COVID-19 tests

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CEO SUMMARY: For clinical laboratories and anatomic pathology groups, the day-by-day impact of the COVID-19 pandemic is unfolding much like Hurricane Katrina hitting New Orleans in 2005. Every 24 hours, labs get unwelcome news, along with uncertainty about whether it will get worse before it gets better. As of today, labs are watching their daily cash flow fall below operating costs, …

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