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Laboratory Economics Issues Research Report on U.S. Clinical Laboratory Market
The report reveals that the U.S. clinical laboratory testing market (including anatomic pathology testing) now represents an estimated $111 billion of revenue with a long-term annual growth rate of 3-4%. All data and trends are fully explained throughout the report, including 10-year historical data and detailed forecasts thru 2022.
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...
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,...
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...
More Testing Needed So Policy Makers Can Make Rational Decisions
Right now, sample collection kit shortages in the United States mean that Covid-19 testing has rightly been focused on the most severe symptomatic patients. But this is skewing our understanding of the virus and its true risks. And policy decisions that will have...
Laboratory Economics Issues Research Report on U.S. Anatomic Pathology Market
The report reveals that the anatomic pathology market (including Pap testing) now represents an estimated $18 billion of revenue with an annual growth rate of 3-4%. All data and trends are fully explained throughout the report, including 10-year historical data and a detailed three-year forecast.
Largest Nursing Home Lab Company Seeks Bankruptcy Reorganization
Trident Holding Company (Sparks, MD), the nation’s largest nursing home lab operator, filed for Chapter 11 bankruptcy reorganization in the Southern District of New York on February 11. Trident, which employs 4,500 full-time workers and 660 people part time, provides...
Many Hospital Labs Still Don’t Know They Must Report PAMA Data
On January 22, the Centers for Medicare & Medicaid Services (CMS) hosted a teleconference that focused on a new rule that requires nearly all hospital outreach labs to collect their private-payer payment data from January 1 to June 30, 2019, and report it to CMS...
Special New Year’s Report: Lab Execs Share Outlook for 2019
For an inside look at what may be in store for the clinical lab and pathology business this year, Laboratory Economics interviewed the top executives at a diverse group of 10 lab companies. Not surprisingly, our interviews revealed that commercial insurers are using...