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By subscribing to Laboratory Industry Report, each month you'll get an insider's view of the lab industry's most important business and financial trends, plus predictions for the coming year.
In each issue, you find:
- Comparative data on lab pricing
- Information and explanations describing how to deal with healthcare integration, capitation, technology advances, etc.
- Clear perspectives of how your firm is performing vs. the market at large How publicly-traded lab companies are performing and what their top executives earn
- Updates on late-breaking mergers & acquisitions.
Are you up on what's working—and what's not—for laboratories located in a variety of practice settings-hospital, commercial, group practice sites and network systems?
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Laboratory Industry Report is a must for everyone having a vital stake in today's competitive lab marketplace-owner, director, pathologist, CEO, COO, CFO, general manager, administrator, manager, marketeer, or vendor.
With Laboratory Industry Report, you'll get all the business news & insights which are accurate, objective, reliable, and authoritative. Gain a competitive edge for your company or institution today by subscribing today!
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 | LIR November 2007 (full PDF issue) |
| TOP OF THE NEWS
CMS selects San Diego as first competitive bidding demo site
Vista closes on Misys deal
NEW ON THE SCENE
Blogs keep busy labs updated
MERGERS & ACQUISITIONS
Orchid Cellmark to buy ReliaGene
REGULATORY NEWS
CAP and ACLA call for public disclosure of MUEs
INSIDE THE LAB INDUSTRY
Surviving the price war
PEOPLE
G-2 honors award winners
FINANCIAL
Lab stocks up 19% year to date
INDUSTRY BUZZ
The impact of falling reimbursement
Full Article |
| Vista Equity Partners Closes on Purchase of Misys Diagnostic Systems |
| On October 11, private equity firm Vista Equity Partners (San Francisco, CA) closed on its $381.5 million acquisition of the ancillary hospital information systems business of Misys Healthcare Systems. Upon completing the deal, Vista announced the formation of Sunquest Information Systems, which was the name of the business before Misys purchased it in July of 2001.
Full Article |
| San Diego Is First Site for Lab Competitive Bidding Demo Project |
| Only a week after announcing several revisions to the demonstration design in response to public comments on the draft bidder’s package, the Centers for Medicare & Medicaid Services (CMS) announced the first site of the Medicare Clinical Laboratory Services Competitive Bidding Demonstration. The selected Metropolitan Statistical Area (MSA) is San Diego-Carlsbad-San Marcos, California (San Diego County), which is the 16th-largest MSA in the United States with a population of 3,083,038.
Full Article |
| Blogs Keep Busy Labs Updated |
| No one in the laboratory industry has time to spare, but everyone needs to stay on top of developments in all sectors—whether they are market-related, regulatory, or technological advancements. One tool gaining in popularity that labs can readily access are Internet-based Weblogs ("blogs"), according to Bruce Friedman, M.D., professor emeritus of pathology at the University of Michigan Medical School (Ann Arbor, MI), and the creator of Lab Soft News (labsoftnews.typepad.com/lab_soft_news/).
Full Article |
| Orchid Cellmark to Buy New Orleans DNA Testing Lab for $8.6M |
| Identity DNA testing laboratory Orchid Cellmark (Princeton, NJ) has agreed to acquire the outstanding stock of ReliaGene Technologies (New Orleans, LA) for a purchase price of $5.6 million in cash and $3 million in Orchid stock. The deal is expected to close by the beginning of this month.
Full Article |
| CAP, ACLA Call for Public Disclosure of "Medically Unlikely Edits" |
| The College of American Pathologists (CAP; Northfield, IL) and the American Clinical Laboratory Association (ACLA; Washington, DC) have renewed their call for Medicare to disclose the "medically unlikely edits" (MUEs) that limit the units of service that can be billed daily for a particular CPT/HCPCS code per beneficiary.
Full Article |
| Surviving the Price War: Lab Experts Weigh In |
| Assessing the impact of UnitedHealthcare’s (Minnetonka, MN) exclusive 10-year agreement with LabCorp (Burlington, NC) was a primary focus of Washington G-2 Reports’s 25th Annual Lab Institute program held in October, with industry experts warning that current pricing pressures are not likely to diminish in the near future.
Full Article |
| G-2 Welcomes New Editor Julie McDowell |
| Washington G-2 Reports is pleased to announce the addition of Julie McDowell to its editorial team. Julie will be taking over the editorship of Laboratory Industry Report beginning with the December 2007 issue. Prior to joining G-2 Reports, Julie was the senior editor of Clinical Laboratory News, as well as an assistant editor at the American Chemical Society. Julie can be reached at jmcdowell@ioma.com.
Full Article |
| G-2 Award Winners Honored at Lab Institute |
| Dennis Weissman, founder and executive editor Washington G-2 Reports, is the recipient of G-2’s 2007 Laboratory Public Service National Leadership Award, an annual honor that recognizes an individual who has made a significant contribution to the public interest through accomplishments that directly enhance the lab profession. Bridget Kreger, a third-year student in the medical laboratory science program at the University of Vermont, is this year’s recipient of the Dennis Weissman/Washington G-2 Reports’ Scholarship for Excellence in Clinical Laboratory Sciences. Weissman and Kreger received their awards in a special presentation on October 11 at Lab Institute in Arlington, Virginia.
Full Article |
| Lab Stocks Up 19% Year to Date |
| The G-2 Laboratory Stock Index has risen 19% so far this year through October 19, with eight stocks up in price and three down. Over the same period, the Nasdaq is up 13% and the S&P 500 has gained 6%.
Full Article |
| The Impact of Falling Reimbursement |
| The impact of falling reimbursement . . . Steady or falling reimbursement and increased competition from national and regional labs are the top trends affecting the financial performance of many labs, according to a survey conducted of attendees to last month’s Washington G-2 Reports Lab Institute held in Arlington, Virginia.
Full Article |
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