By the end of this year, the average referral expense per reportable result of sending a test to an outside reference laboratory is expected to fall to $32.84, down 11 percent from 2007’s figure of $36.98, according to analysis of hospital labs by the laboratory consulting firm Chi Solutions Inc. (Ann Arbor, Mich.). The median is expected to drop 12 percent from $33.30 in 2007 to $29.26 in 2008 (see Figure 1). Hospital labs currently dominate the $50 billion clinical lab market with 54 percent market share.

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November 2008 - Table of Contents

LIR November 2008 (full PDF issue)

Lab Stocks Level Out After October Plunge; Six Execs Offer Views on Latest Economic Developments

Hospital Referral Expense per Reportable Result Expected to Drop 11% by Year End

Survey Finds Many Starting Salaries for Pathologists Are Between $100k and $250k

Inside the Lab Industry: Lab Execs See Economy Driving More Consolidation, Will Push New Administration for Higher Reimbursement

Response Genetics Teams With NeoGenomics to Expand Cancer Testing Sales Effort

Industry Veterans Plunge Into Dental Mol Dx Market With Launch of OralDNA Labs

High Rates of Test Ordering, Reporting Errors in Physician Offices Highlight Role for Labs

Lab Stocks Dip Sharply; Down 29% Over 5 Weeks, 30% for Year

FDA Threatens LabCorp With Regulatory Action Over OvaSure Claims

Nebraska’s Pathology Services Saves $3k a Year by Paying Customer Service Reps More