Currently, outreach testing comprises only 10 percent of the Cleveland Clinic’s annual volume of 10 million tests. But that outreach volume is set to grow in coming years, as the world renowned medical facility leverages both its reputation and esoteric testing technology to expand its reference lab capabilities by building a new $25 million, 10,000 square-foot facility. Projected to be completed in 2010, the new laboratory, which will be part of the clinic’s Pathology and Laboratory Medicine Institute, is slated to create 500 new jobs over the next five years. Currently, the institute employs 800, including 59 pathologists.

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April 2009 - Table of Contents

LIR April 2009 (full PDF issue)

Economic Stimulus Bill’s $19 Billion in IT Investments Include Incentives for Pathologists, but Not Labs

California AG Alleges Billing Fraud in Suit Against Quest, LabCorp, and Five Other Labs

Survey Finds 63% of Labs Grappling With High Vacancy Rates; Medical Technologist Rate Highest at Over 10%

Genoptix Leads in FY2008 Productivity Benchmark Measures

Inside the Lab Industry: Stimulus Bill’s $19 Billion in IT Investment Provides Incentives, Penalties for Lab Industry

Cleveland Clinic Eyes $25 Million Reference Lab Expansion, Broadens Focus on Cardiac Esoteric Testing

Genoptix FY08 Revenues Up 96% to $116 Million; Growth Includes Move Into Solid Tumor Testing

Enzo Biochem Names New Clinical Lab President; Acquires Assay Designs

Lab Stocks Down 16% So Far in March; Down 7% So Far in 2009

LabCorp, Quest Name New Chief Medical Officers