Jul 13, 2011 | Laboratory News, Laboratory Pathology
Nestlé says its Prometheus Laboratory acquisition will help it develop products for patients with metabolic conditions and to promote brain health
When it comes to the brave new world of genetics in pathology and clinical laboratory testing, such terms as pharmacogenomics, companion diagnostics, and personalized medicine have been coined to describe the intersection of genetic testing and molecular diagnostics with emerging medical practice. Now the world’s largest food company is putting forth a vision of how genetic testing can inform decisions about the patient’s nutrition.
It was last May when the health-science unit of Nestlé SA, (VTX:NESN) the giant foods company in Vevey, Switzerland, announced its purchase of Prometheus Laboratories Inc., of San Diego, California. The price was $567 million.
(more…)
Jun 29, 2011 | Laboratory News, Laboratory Pathology
These annual rankings show that the nation’s largest healthcare systems continue to grow in revenue and bed count
When it comes to the nation’s largest healthcare systems, it is no surprise that the U.S. Department of Veterans Affairs (VA) tops the list, at least when ranked by annual revenue. That is the finding of a “Top 10” survey of healthcare systems recently published by Modern Healthcare magazine.
This survey is useful to pathologists and clinical laboratory managers because these “Top 10” healthcare system rankings also provide insight as to where the nation’s largest hospital-based laboratory organizations can be found. For example, the VA operates 164 acute-care hospitals. That represents a large volume of clinical laboratory testing for those inpatients.
(more…)
May 20, 2011 | Laboratory News, Laboratory Pathology
A final settlement between both parties may become the template state officials use to resolve Medi-Cal overcharge claims involving other clinical pathology laboratories
Authorities in California and Quest Diagnostics Incorporated (NYSE: DGX) appear to be close to resolving a major lawsuit involving allegations that the nation’s largest clinical laboratory company had overcharged Medi-Cal, the state’s Medicaid program, for a period of years beginning in 1995.
Last week, Quest Diagnostics announced it had “reached an agreement in principle to settle a previously disclosed civil lawsuit” and, as part of this agreement in principle, it will pay $241 million to settle the legal matter.
(more…)
May 19, 2011 | Laboratory Pathology, News From Dark Daily
IVD manufacturers often introduce their newest technologies in Europe before the United States
DATELINE: BERLIN, GERMANY: With so many changes happening to clinical pathology laboratory testing in developed nations around the world, there is keen interest in evolving technologies, along with new medical laboratory instruments and automation products that clinical biochemists and pathologists will use, in the near future, to improve the quality of the clinical laboratory testing services they provide to physicians.
Here at the IFCC-WorldLab Berlin 2011 conference, pathologists and clinical chemists from the United States got an early peek at some of the latest and newest solutions developed by the world’s largest in vitro diagnostics (IVD) manufacturers. Many products on display at the IFCC WorldLab Exhibition have only been cleared for sale by the European Union. These products do not have clearance by the U.S. Food and Drug Administration (FDA) in the United States for sale and use in this country.
(more…)
May 16, 2011 | Laboratory Management and Operations, Laboratory News, Laboratory Pathology
Hospital leaders attribute process improvement with turning around the organization
In Seattle, Washington, one of the nation’s earliest hospitals to embrace and implement Lean and the Toyota Production System reports strong improvement in clinical care, along with sound finances. This is positive affirmation for those clinical laboratories and pathology groups that are using Lean methods in their own organizations.
It was almost 10 years ago when the 336-bed Virginia Mason Medical Center (VMMC) took its first steps to implement Lean. During the academic medical center’s decade-long journey, use of out-of-the-box thinking and process improvement methods helped VMMC earn a slew of national recognitions for its award-winning outcomes produced by Lean. It calls its flavor of Lean the “Virginia Mason Production System.”
Restoring Financial Stability at Virginia Mason Medical Center
Ten years ago, VMMC faced difficult challenges as a healthcare provider and money was one of them.
(more…)
