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 | LIR August 2006 (full PDF issue) |
| TOP OF THE NEWS
Physician EHR use rising steadily
Sonic loses huge NZ contract
GOVERNMENT
Medicare Part B spending up 9%
CLINICAL PRACTICE
Labs turn to genetic counselors
Physician income declines
INTERNATIONAL
Covance expands lab testing in Asia
INSIDE THE LAB INDUSTRY
The promise of EHRs
From forensics to HIV
CONTRACT NEWS
ARUP partners with Mednet for outreach
NEW ON THE SCENE
DomaniCell
FINANCIAL
Lab stocks up 7% so far in 2006
INDUSTRY BUZZ
School drug testing unpopular
Full Article |
| Taking It Personally: Sonic Loses $346m New Zealand Contract |
| Despite its strong community network and 70-year history of service to the region, Sonic Healthcare-owned Diagnostic Medlab (DML; Auckland, New Zealand) has lost a major laboratory services contract in its hometown and will likely be forced to close as a result. The eight-year, NZD$560 million (about $346 million) contract, which has been awarded to a consortium led by Healthscope (Parkville, Australia), is for the provision of community-based laboratory services for the greater Auckland region. It represented more than 90% of DML’s revenues.
Full Article |
| Physician EHR Use Up 31% Since 2001 |
| About a quarter of office-based physicians are now using fully or partially electronic health records (EHRs), according to the most recent data from the National Ambulatory Medical Survey (NAMCS).
Full Article |
| Medicare Part B Spending Up 9% to $6.6 Billion |
| Medicare Part B spending on clinical laboratory services continues to surge. The latest data from CMS’s 2006 Medicare Trustees Report shows that Part B lab spending increased by 8.7% to $6.561 billion in calendar year 2005.
Full Article |
| Labs Succeed With In-House Genetic Counselors |
| As esoteric testing grows in complexity, laboratories are facing the challenge of interpreting, reporting, and communicating results that go beyond ‘negative’ and ‘positive.’ Many leading laboratories have built strong relationships with genetic counselors and consider genetic counseling services a critical component of providing and interpreting molecular tests.
Full Article |
| Covance Expands Lab Testing in Asia |
| Covance (Princeton, NJ), which specializes in drug development services, has been busy in Asia. Several recent developments have strengthened its Central Laboratory Services business in Singapore, China, and Japan.
Full Article |
| EHRs Gain Acceptance, Investment, and Certification |
| The $1.9 trillion U.S. healthcare system has long been drowning in paper. Will electronic health records (EHRs) bail it out? Only if physicians adopt them. According to the 2005 NAMCS survey, that is happening—slowly but steadily.
Full Article |
| Physician Income Declines With Payer Fees While Service Volume Increases |
| Between 1995 and 2003, physicians’ net income from the practice of medicine declined by about 7% (after adjusting for inflation), according to a national study recently released by the Center for Studying Health System Change (HSC; Washington, DC). This trend counters the overall 7% increase in wages and salaries for workers in other professional, technical, and specialty occupations.
Full Article |
| ARUP Contracts With Mednet to Expand Outreach |
| University of Utah-owned clinical and anatomic pathology reference laboratory ARUP Laboratories (Salt Lake City, UT) has contracted with Mednet Services, a lab network and billing services IT company, to expand ARUP’s menu of outreach services to regional and local hospital-affiliated laboratories.
Full Article |
| DomaniCell Looks to Partner With Hospitals for Cord Blood Banking |
| DomaniCell (Hackensack, NJ), a newly launched subsidiary of Progenitor Cell Therapy, plans to establish hospital-based umbilical cord blood collection and storage services in hospitals throughout the United States. Rather than encourage outsourcing to a third-party service that collects cord blood in hospital delivery rooms, DomaniCell will partner with hospitals to develop their own cord blood stem cell banking programs that use DomaniCell technology and infrastructure.
Full Article |
| Chicago Forensics Lab Expands Into HIV Market |
| Infectious disease testing is not something one expects to find in a forensics lab, but one Chicago company is changing that. Independent Forensics (IFI) is moving beyond paternity and traditional forensic testing for law enforcement and pioneering genetic-based tests for health professionals and the public.
Full Article |
| Lab Stocks Up 7% So Far This Year |
| Stock prices for the 10 companies in the G-2 Laboratory Index have risen an unweighted average of 7% year to date through July 21, with seven stocks up in price and three down. Over the same time period, the Nasdaq is down 8%, and the S&P 500 has slipped 1%.
Full Article |
| School Drug Testing Unpopular |
| Just saying no to drug testing . . . Although recent U.S. Supreme Court decisions have supported the constitutionality of mandatory drug testing in public schools, superintendents have been reluctant to adopt such policies.
Full Article |
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