Don't blame Bostwick!

[Anonymous]

Its no one's fault that Laboratory Testing has changed. It used to be a revenue center. The more you tested the more money you made. Now its a cost center; the less you test, the less it costs the network you are part of. And everyone has to join networks now. The independent surgeons that used to benefit from revenue sharing models, now are now being bought by the hospitals that will want them to do surgery rather than sell ancillary services that subtract from the bottom line.

The premise that Bostwick was built on - more tests (whether needed or not), the better - no longer is valid. Success used to be volume-based. Now it is value-based. Doing unecessary tests just because you can do them is now penalized rather than rewarded. The insurance companies, including Medicare, has figured out the game and no longer want to play. With an aging population and a decreasing tax-base Medicare cannot afford to support the fee-for-service and revenue-sharing scams.

Management can deny this reality, but the financial investors will never get a good return on this now-flawed model. The owning and controlling investment bankers will eventually pull the plug on an essentially flawed concept that is rapidly fading. Upper management knows this and now each individual is trying to maximize his personal compensation before Metal Mark pulls the plug or chops up and sells the remaining assets while they still have any value.

Game over.

 

[Anonymous]

That's the best summary yet

 

[Anonymous]

You are so wrong, nieve or stupid...or a combination of all three! Didn't you ever hear of "the buck stops here"? That's the entire problem with BL. No one can or will "man up" to responsibilty. Whose name is on the sign? Who is/was responsible for decision making and company adaptability? No one in this entire fucked up company can "man up". Instead, they just want to blame the economy, the business world, insurance companies, etc, etc. They want to blame everyone except those within the company that make decisions. Like it or not, he who owns the company is responsible, but greed and above all arrogance got in the way of sound business decisions. People run a company and and this case people destroyed a company, not every damn excuse you want to imagine. To recap... the arrogant pricks (past and present) only had big balls when they were talking down to subordinantes. When it came to "manning up" and taking responsibilty, they suddenly and ALWAYS tuned into pussies, just like now! So yes.... you CAN and deservingly so... blame Bostwick.

 

[Anonymous]

No it's never been this bad--there is absolutely no leadership-we hire all these big shots who ruined other companies and they can't even express a vision----it's bad and metalmark should make the buck stop and ask Marti and his unemployed CEO's of days gone by to explain the numbers---to explain the restructuring and explain how do we provide a consistent return to the equity investors---not just that the baby boomers are aging--show me actual numbers and projections---projections by division, projections by cpt codes--explain the finances what are the margins in urology and does it justify the sales expenses etc and more importantly how do you justify all these high dollars at the top--I would also do a blind survey of the employees and ask them to rate Marti, Rob, Jed, Jennifer anyone in a decision making capacity---then let the cuts begin and maybe just maybe the newbies are the ones that need to go--shame on you Marti this is becoming a real mess and the buck must stop with you...

 

[Anonymous]

Not MANNING up is the way in which "Upper management . . is trying to maximize his personal compensation before Metal Mark pulls the plug."
It makes no financial sense to "man up" and take the blame BEFORE one gets all he can and get out of the game. The first person to take responsibility will be scapegoated and lose the benefits that the pussies who don't man up can obtain.

 

[Anonymous]

Its no one's fault that Laboratory Testing has changed. It used to be a revenue center. The more you tested the more money you made. Now its a cost center; the less you test, the less it costs the network you are part of. And everyone has to join networks now. The independent surgeons that used to benefit from revenue sharing models, now are now being bought by the hospitals that will want them to do surgery rather than sell ancillary services that subtract from the bottom line.

The premise that Bostwick was built on - more tests (whether needed or not), the better - no longer is valid. Success used to be volume-based. Now it is value-based. Doing unecessary tests just because you can do them is now penalized rather than rewarded. The insurance companies, including Medicare, has figured out the game and no longer want to play. With an aging population and a decreasing tax-base Medicare cannot afford to support the fee-for-service and revenue-sharing scams.

Management can deny this reality, but the financial investors will never get a good return on this now-flawed model. The owning and controlling investment bankers will eventually pull the plug on an essentially flawed concept that is rapidly fading. Upper management knows this and now each individual is trying to maximize his personal compensation before Metal Mark pulls the plug or chops up and sells the remaining assets while they still have any value.

Game over.

IF this is true, when will bioreference labs crash and burn? they do more worthless tests than anyone it seems like.

 

[Anonymous]

No it's never been this bad--there is absolutely no leadership-we hire all these big shots who ruined other companies and they can't even express a vision----it's bad and metalmark should make the buck stop and ask Marti and his unemployed CEO's of days gone by to explain the numbers---to explain the restructuring and explain how do we provide a consistent return to the equity investors---not just that the baby boomers are aging--show me actual numbers and projections---projections by division, projections by cpt codes--explain the finances what are the margins in urology and does it justify the sales expenses etc and more importantly how do you justify all these high dollars at the top--I would also do a blind survey of the employees and ask them to rate Marti, Rob, Jed, Jennifer anyone in a decision making capacity---then let the cuts begin and maybe just maybe the newbies are the ones that need to go--shame on you Marti this is becoming a real mess and the buck must stop with you...

You obviously aren't helping solve the problem by posting here instead of going out and selling. Wouldn't you be happier scraping monkey poop at a wild animal park? Wait, global warming is causing bananas to be larger, resulting in larger piles of monkey poop, making your job difficult. Now the greedy zookeeper is at fault for not spending the money to put more fiber in the monkeys diets making them more regular and smaller poop piles.

 

[Anonymous]

You obviously aren't helping solve the problem by posting here instead of going out and selling. Wouldn't you be happier scraping monkey poop at a wild animal park? Wait, global warming is causing bananas to be larger, resulting in larger piles of monkey poop, making your job difficult. Now the greedy zookeeper is at fault for not spending the money to put more fiber in the monkeys diets making them more regular and smaller poop piles.

That is actually quite funny

 

[Anonymous]

You obviously aren't helping solve the problem by posting here instead of going out and selling. Wouldn't you be happier scraping monkey poop at a wild animal park? Wait, global warming is causing bananas to be larger, resulting in larger piles of monkey poop, making your job difficult. Now the greedy zookeeper is at fault for not spending the money to put more fiber in the monkeys diets making them more regular and smaller poop piles.

You sound like an expert.

 

[Anonymous]

You obviously aren't helping solve the problem by posting here instead of going out and selling. Wouldn't you be happier scraping monkey poop at a wild animal park? Wait, global warming is causing bananas to be larger, resulting in larger piles of monkey poop, making your job difficult. Now the greedy zookeeper is at fault for not spending the money to put more fiber in the monkeys diets making them more regular and smaller poop piles.

Yep, you definately work at BL. Head in the sand (more like up your ass) and totally detached from the real world.