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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.
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 | LIR May 2007 (full PDF issue) |
| TOP OF THE NEWS
Quest to acquire AmeriPath
ACLA meeting roundup
HOSPITAL LABS
Salem Hospital builds new offsite lab
Summa installs Web-based ordering system
NEW ON THE SCENE
Affy reference lab gets CLIA OK
ANATOMIC PATHOLOGY
AP feels staffing squeeze
INSIDE THE LAB INDUSTRY
Labs analyze ordering patterns
FINANCIAL
Lab stocks up 11%
INDUSTRY BUZZ
New onco-molecular diagnostics conference
Full Article |
| ACLA Meeting Updates Industry Leaders on Key Policy Issues |
| The Laboratory Connection" was the theme of the 12th annual meeting of the American Clinical Laboratory Association (ACLA), held April 19-20 in Washington, D.C., and the slate of industry leaders on hand touched on each component of that connection: patients, providers, and policymakers.
Full Article |
| Quest to Acquire AmeriPath for $2B |
| The nation’s largest laboratory services provider, Quest Diagnostics (Lyndhurst, NJ), has agreed to acquire privately held AmeriPath (Palm Beach Gardens, FL) in a transaction valued at approximately $2 billion, which includes about $770 million in debt. AmeriPath provides services in three of the most rapidly growing segments of the clinical laboratory industry: anatomic pathology, dermapathology, and esoteric testing. The transaction is expected to close during the second quarter of this year.
Full Article |
| Salem Hospital Lab Services Builds New Offsite Laboratory |
| With any luck, Salem Hospital Regional Laboratory Services (SHRLS; Salem, OR) will move to a new home in the next 12 months. The 34,585-square-foot facility’s shell is slated to be completed in July, and the lab hopes to move in around February or March of next year. Except for a rapid response lab, which will remain in the hospital, the entire laboratory, including histology and cytology, will move to the new site, about two miles from the hospital.
Full Article |
| Affy’s Reference Laboratory Gets CLIA Certification |
| Microarray giant Affymetrix (Santa Clara, CA) has received Clinical Laboratory Improvement Amendments (CLIA) certification for its reference laboratory, which is located in West Sacramento, California. The 10,000-square-foot facility, known as the Affymetrix Clinical Services Laboratory (ACSL), has begun performing microarray-based molecular diagnostic testing, as well as clinical trial testing services. The laboratory opened in September 2006.
Full Article |
| Anatomic Pathology Feels Staffing Squeeze |
| For anatomic pathology (AP), the challenges go beyond reimbursement and pricing. According to a recent survey by Washington G-2 Reports, AP practices also perceive increased competition from specialty physicians. Two-thirds (66%) of survey respondents pointed to dermatologists as stepping up their competition with AP, while almost half pointed to urologists (49%) and gastroenterologists (45%).
Full Article |
| Analyzing Ordering Patterns Helps Labs Cut Costs and Minimize Waste |
| The Emory Medical Laboratory, part of Emory Healthcare (Atlanta, GA), was making an effort to evaluate its laboratory send-outs and—as James Ritchie, Ph.D., the lab’s associate director, says—see if we could rein things in." Right around that time, ARUP Laboratories (Salt Lake City, UT), began offering a new program to its customers. The program was called ATOP, which stands for Analyzing Test Ordering Patterns, and is a new component of its suite of integrated services.
Full Article |
| Summa Healthcare Installs Web-Based Physician Ordering System |
| Summa Health System (Akron, OH) recently completed a total rehab of its physician order entry system, installing the Eclipsys Sunrise Clinical Manager in all three of its hospitals: Akron City, St. Thomas, and Cuyahoga Falls General. The computer physician order entry (CPOE) system allows all patient-care orders, diagnostic test results, and procedures to be reviewed electronically; notifies physicians and medical staff of potential errors, omissions, and inconsistencies; and demands corrections before the order can be…
Full Article |
| Lab Stocks Soars 11% Led by Medtox and Monogram |
| The G-2 Laboratory Stock Index rose 11% in the five weeks ended April 20, with 10 stocks up in price and one down. Year to date, the G-2 Index is up 23%, while both the Nasdaq and the S&P 500 are up 5%.
Full Article |
| New Onco-Molecular Diagnostics Conference |
| The United States market for in vitro cancer diagnostics will exceed $1 billion this year and is expected to reach $2.3 billion by 2012. What are the practical implications for clinical laboratories? Find out at "From Bench to Bedside," Washington G-2 Reports’s inaugural onco-molecular diagnostics conference, which will take place from June 6 to 8 at the Sofitel San Francisco Bay Hotel and include a visit to Stanford University’s new state-of-the-art clinical laboratories.
Full Article |
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