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Biopsy Client Database for Pathologists

Biopsy Client Database for Pathologists

Laboratory Economics is offering a database of 50,000+ specialty physicians and ambulatory surgery centers that perform biopsies that lead to pathology referrals. The database includes annual Medicare Part B biopsy volumes for 2019 plus estimated overall biopsy...

Labcorp Completes Acquisition of PGDx

Labcorp Completes Acquisition of PGDx

Labcorp completed its previously announced (see LE, January 2022) acquisition of Personal Genome Diagnostics Inc. (PGDx-Baltimore, MD) on February 18. PGDx markets an FDA-cleared comprehensive tumor profiling test, PGDx ELIO tissue complete, that is covered by...

Sonic Buys ProPath

Sonic Buys ProPath

Sonic Healthcare (Sonic) acquired 100% of ProPath Services (Dallas, TX) for an undisclosed price on December 17, 2021. ProPath had been one of the  largest pathologist-owned anatomic pathology labs in the nation. ProPath’s annual revenue is approximately $110 million....

Enzo Biochem Hires New CEO; Investors Push For More Change

Enzo Biochem Hires New CEO; Investors Push For More Change

Hamid Erfanian, age 52, has become Chief Executive Officer Enzo Biochem (New York City) effective November 8. Erfanian was most recently Chief Commercial Officer of Euroimmun, an IVD manufacturer owned by PerkinElmer (Waltham, MA). Former CEO Elazar Rabbani, PhD, age...

New Lab Formations Continue To Boom

New Lab Formations Continue To Boom

The extraordinary demand for Covid-19 PCR, antigen and antibody testing continues to fuel a record number of new CLIA-certified lab formations, according to the latest CMS data analyzed by Laboratory Economics. More than 7,000 new CLIA lab certificates were issued in...

Medical Technologist Shortages Widespread

Medical Technologist Shortages Widespread

Medical technologists (MTs) have been in chronic short supply for at least the past 20 years. In the past, labs have used sign-on bonuses ranging from $2,000 to $5,000 to attract MTs. Last month, Laboratory Economics highlighted Alverno Laboratories (Hammond, IN) use...

Capital Digestive To Open Bigger Pathology Lab

Capital Digestive To Open Bigger Pathology Lab

Capital Digestive Care (Silver Spring, MD) has announced plans to relocate and expand its pathology lab to Silver Spring, Maryland. The new lab will be 21,000 square feet and is expected to open in early 2022. In addition, the new lab will become a Roche Diagnostics...

XIFIN To Open East Coast Office, Expand Into Radiology Billing

XIFIN To Open East Coast Office, Expand Into Radiology Billing

The revenue cycle management firm XIFIN Inc. (San Diego, CA) is opening a new 32,500-square-foot office in Charleston, South Carolina. The new office is slated to open in early August. XIFIN plans to hire over 150 positions in South Carolina over the next two years,...

Alverno Labs Offering Up To $10K Hiring Bonus For MT/MLTs

Alverno Labs Offering Up To $10K Hiring Bonus For MT/MLTs

Alverno Laboratories (Hammond, IN) is offering big sign-on bonuses as it tries to fill hundreds of open jobs. Alverno employs roughly 2,116 people and has about 288 openings, including 29 positions at multiple locations for midnight medical technologist (MT) and...

Progenity To Close Genetics Lab To Conserve Cash

Progenity To Close Genetics Lab To Conserve Cash

Progenity Inc. (San Diego, CA) says it will close its genetics lab in Ann Arbor, Michigan, to conserve cash and will now focus on its drug delivery technologies and therapeutics. Progenity’s Michigan lab specializes in noninvasive prenatal testing (NIPT) to determine...

America’s Fastest-Growing Labs

America’s Fastest-Growing Labs

Phlebxpress (Temecula, CA) grew its Medicare Part B test service volume by 202% per year between 2015 and 2018, making it the fastest-growing independent lab company in America over the three-year period. Phlebxpress is a mobile phlebotomy company headquartered in...

Volume Surge Expected For High-Priced Covid-19 Test Panels

Volume Surge Expected For High-Priced Covid-19 Test Panels

With the flu season underway, more test panels are becoming available that test for Covid-19 plus other respiratory viruses, including influenza A/B and respiratory syncytial virus (RSV). Labs have begun to submit the combo PCR tests codes for Covid-19, although...

Spotlight Interview With PathGroup CEO Ben Davis

Spotlight Interview With PathGroup CEO Ben Davis

Originally founded by pathologists in 1965, PathGroup (Brentwood, TN) has grown to become the nation’s largest privately-held lab company. PathGroup, which currently has 2,200 employees, is owned by Pritzker Private Capital, company management and pathologists....

Quest Diagnostics Mid-Year 2020 Review

Quest Diagnostics Mid-Year 2020 Review

Quest Diagnostics (Madison, NJ) reported net income of $284 million for the six months ended June 30, 2020, down 27.2% from $390 million in the same period for 2019. Overall, Quest’s reported half-year revenue was down 5.1% to $3.649 billion. Looking specifically at...

LabCorp Mid-Year 2020 Review

LabCorp Mid-Year 2020 Review

LabCorp (Burlington, NC) reported a net loss of $86 million for the six months ended June 30, 2020, down from net income of $376 million in the same period for 2019. Overall, LabCorp’s reported half-year revenue was down by 1.4% to $5.593 billion. Looking specifically...

PC Rates For Key Pathology Services To Get 12% Cut

PC Rates For Key Pathology Services To Get 12% Cut

Medicare professional component (PC) reimbursement rates for most high-volume pathology services will be cut by 12% next year, according to the newly released Proposed Medicare Physician Fee Schedule (MPFS) for 2021. For example, the 2021 Medicare rate for the PC of...

Medi-Cal Seeks Approval To Slash Lab Rates

Medi-Cal Seeks Approval To Slash Lab Rates

California’s Department of Health Care Services (DHCS) has completed itslatest private-payer lab rate survey and is seeking federal approval to lowerMedi-Cal fee-for-service (FFS) rates for more than 60 high-volume lab and pathology services (effective retroactive to...

Sweden’s Controversial Covid-19 Strategy

Sweden’s Controversial Covid-19 Strategy

Sweden never imposed a strict lockdown to combat Covid-19, unlike most other countries. The only official rules put in place are a ban on gatherings of 50 people or more and a ban on visitors to nursing homes. The nation’s Chief Epidemiologist, Anders Tegnell, MD,...

Medicare Sets Good Rates For Covid-19 Testing

Medicare Sets Good Rates For Covid-19 Testing

CMS has been very fair when establishing reimbursement rates for Covid-19tests in an effort to encourage widespread diagnostic and antibody testing.Furthermore, private health plans are required to cover both diagnostic and antibody testing without member cost-sharing...

LabCorp Reports First-Quarter Results

LabCorp Reports First-Quarter Results

LabCorp reported a net loss of $317.2 million for the three months ended March 31, 2020, down from net income of $185.6 million in the same period a year ago; revenue was up 1.2% to $2.824 billion. A summary of key topics discussed by CEO Adam Schechter and CFO Glenn...

Encouraging News From Initial Covid-19 Prevalence Studies

Encouraging News From Initial Covid-19 Prevalence Studies

Preliminary results from a growing number of antibody prevalence studies indicate that the Covid-19 virus has spread more widely and has a lower fatality rate than previously expected. Stanford University School of Medicine Between 48,000 and 81,000 residents in...

The CARES Act — Not Much In It For Labs

The CARES Act — Not Much In It For Labs

The enormous $2 trillion Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law on March 27, but provides little in direct relief to the nation’s laboratories. The American Clinical Laboratory Assn. (ACLA) had lobbied for $5 billion in new...

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