Path-Inc Purchase?

Can't tell if you are an idiot sales rep. or LC manager. All of you lie so easily, it is like breathing for you. Imply one thing and deny you said it? Make up a story and defend it like you are an authority when you are NOT. You are so full of shyt. US Labs?? Don't you mean Genzyme Genetics and US Labs? The labs that morphed into Integrated Genetics/Oncology and were closed in Los Angeles and Irvine and moved and/or will move to Arizona? The major reason for an acquisition is to increase market share. Eating all of your competition doesn't make you the best. It means that anti-trust laws are not being enforced and the FTC is not on its job. Hate to burst your bubble there is nothing exceptional about Dianon and oncology except in your mind.It was a business and still is back east. I have changed my mind. You must be the Quest troll coming here to start rumors about Path Inc.

Now what is this rumor going around about Quest in negotiations to buy Pathlab Services Inc. in Pasadena? Will that work for you?
 






Can't tell if you are an idiot sales rep. or LC manager. All of you lie so easily, it is like breathing for you. Imply one thing and deny you said it? Make up a story and defend it like you are an authority when you are NOT. You are so full of shyt. US Labs?? Don't you mean Genzyme Genetics and US Labs? The labs that morphed into Integrated Genetics/Oncology and were closed in Los Angeles and Irvine and moved and/or will move to Arizona? The major reason for an acquisition is to increase market share. Eating all of your competition doesn't make you the best. It means that anti-trust laws are not being enforced and the FTC is not on its job. Hate to burst your bubble there is nothing exceptional about Dianon and oncology except in your mind.It was a business and still is back east. I have changed my mind. You must be the Quest troll coming here to start rumors about Path Inc.

Now what is this rumor going around about Quest in negotiations to buy Pathlab Services Inc. in Pasadena? Will that work for you?


“Can't tell if you are an idiot sales rep. or LC manager. All of you lie so easily, it is like breathing for you. Imply one thing and deny you said it? Make up a story and defend it like you are an authority when you are NOT.”

I actually think by now that you know I was NOT the original author, but you’re too much of a coward to admit it. Aside from being dumb, you are of bad character. Your only argument so far is to call me a liar. It’s convenient for you, but it’s a simpleton’s approach and a major fallacy in discourse.

“You are so full of shyt. US Labs?? Don't you mean Genzyme Genetics and US Labs? The labs that morphed into Integrated Genetics/Oncology and were closed in Los Angeles and Irvine and moved and/or will move to Arizona?”

Technically, no. But you would only know that if any in depth knowledge of the industry. Much of what was left of Dianon’s science and pathologists are part of Integrated Oncology. This happened when US Labs and Dianon started to morph into one lab 4 years ago, prior to the naming of Integrated Oncology. Genzyme Genetics was a recent acquisition which formed Integrated Genetics (repro), with their oncology piece now part of Integrated Oncology. This part has been common knowledge.

But again, you have conveniently missed or ignored the larger point; Dianon was acquired for their expertise and to strengthen a testing division. Pathinc, if they are acquired, for market share. Market share LabCorp can ONLY get due to hospital systems buying physician practices and other completive hurdles I’d be happy to discuss in a different thread.

And yes, the new lab in AZ is old news, and like your unsolicited chronology of Pathinc, yet another item you parrot to make it sound like you know the industry. And you obviously don’t understand the mergers and acquisitions part, or at least “scale” as evident in thinking Pathinc would be in the driver’s seat.

You must be new to this industry based in part on your ignorance of pre-Labcorp Dianon Yes. My guess is that you’ve been at Pathinc for a year retaining physician accounts. A newbie whose industry knowledge is like a retrieved chewy toy.

“The major reason for an acquisition is to increase market share. Eating all of your competition doesn't make you the best. It means that anti-trust laws are not being enforced and the FTC is not on its job.”

Yet again, your rhetoric is a mess. Why are you posting this-in response to me saying that all acquisitions are not the same? Who is arguing that “eating all your competition makes you the best?” You are now agreeing with my point.

“I have changed my mind. You must be the Quest troll coming here to start rumors about Path Inc.”

Starting a rumor? Who in God’s name would waste their time saying anything about Pathinc, unless they actually heard a rumor?

“Now what is this rumor going around about Quest in negotiations to buy Pathlab Services Inc. in Pasadena? Will that work for you?”

Ooh. You must really be in the know. Good Intel. I get it. You love rumors. Love responding to them and spreading them. (Squeak, squeak) Yippee! Look at you! You’re in the lab industry!!
 






Very bad analogy. Dianon was a great a/p lab. That stood on its own for a long stretch. It was purchased for its technology and to fulfill a competitive void. PathInc was a crappy little lab run by a pathologist with a bad reputation in the CA marketplace, which was then taken over by a few that made some hastily and sloppy cosmetic changes with the sole intent from the very beginning to 'flip it.'

This is exactly what is going to happen and who else but labcorp dumb enough to take the bait? Pathinc's foundation is cracked, with paint over black mold and will be a money pit for labcorp. They will be purchased in a desperate attempt to find a way to get some top-line revenue. Absolutely no similarity with the Dianon purchase.

The pathologist at PathInc has a terrible reputation both medically and in the business world. Whoever buys him will buy a boatload of trouble.
 






It really doesn't matter if Path Inc. is a good or bad lab. When the conversion happens, LabCorp will march in there (disheveled off course) pissing everyone off and handing the business to Quest or any neighboring lab that is salivating nearby. What a joke. The only thing LabCorp can keep is uneducated, misguided employees. Enough said.
 












The pathologist at PathInc has a terrible reputation both medically and in the business world. Whoever buys him will buy a boatload of trouble.

Whoa buddy. And you know this because...............................................???? If you are going to make disparaging remarks like that, back it up with some facts. Otherwise you are just trolling. The best thing I can say about Path Inc is that it is well run by well educated professionals who were born right here in the good ole USA. LCA would be extremely fortunate to make that acquisition and would be crazy stupid not to.

Besides, what's the old adage about people living in glass houses throwing stones?
 






Previous poster is a Path-Inc punk who will was probably put into pasture and ate some bad shrooms. Path-Inc reps are weak and use their illegal tactics to steal clients. These reps are from the island of misfit toys.
 






Previous poster is a Path-Inc punk who will was probably put into pasture and ate some bad shrooms. Path-Inc reps are weak and use their illegal tactics to steal clients. These reps are from the island of misfit toys.

Get off the hater aid. We are all in the same fraternity, buddy, and if you're lucky, it will be the same team. Like I said, when you live in a glass house, it would be prudent of you not to throw stones.
 






Get off the hater aid. We are all in the same fraternity, buddy, and if you're lucky, it will be the same team. Like I said, when you live in a glass house, it would be prudent of you not to throw stones.

I’m not the OP for the 2-3 posts, but I agree they have a bad reputation as a laboratory and anyone in this so called fraternity knows this.

I do disagree that they have a bad reputation on the business end. To the contrary. This would be fabulous business execution if they can continue to follow the play book whereby new officers take a fledgling unremarkable commercial lab and shout loud and long enough that they are something else until Labcorp pays a multiple or two too much for it.
 






I’m not the OP for the 2-3 posts, but I agree they have a bad reputation as a laboratory and anyone in this so called fraternity knows this.

I do disagree that they have a bad reputation on the business end. To the contrary. This would be fabulous business execution if they can continue to follow the play book whereby new officers take a fledgling unremarkable commercial lab and shout loud and long enough that they are something else until Labcorp pays a multiple or two too much for it.

That is nuts. It takes real talent to grow an independent lab its type of success in this environment. If you know anything about anything you cannot separate the laboratory from the business. You are so full of it. Back up what you say you know because the proof is in the pudding.They are growing while you are losing business. Who wouldn't take their professional laboratory management skills over yours any day of the year?They are well qualified and there would be no need micromanage these guys. They work hard,go the extra mile, they put in full days, don't harass or bully employees and don't have to mask their sociopathic behavior and mean streaks, because they don't have any.

What makes you think that you do things better?
 






Dear Path-Inc employee,

Stop defending your sub par company. Look at your employees barely educated. You will be purchased and spat out very soon. Your little glass house will be stoned and your house will be shattered. LabCorp will shIt in your face. Phucking dik.
 






That is nuts. It takes real talent to grow an independent lab its type of success in this environment. If you know anything about anything you cannot separate the laboratory from the business. You are so full of it. Back up what you say you know because the proof is in the pudding.They are growing while you are losing business. Who wouldn't take their professional laboratory management skills over yours any day of the year?They are well qualified and there would be no need micromanage these guys. They work hard,go the extra mile, they put in full days, don't harass or bully employees and don't have to mask their sociopathic behavior and mean streaks, because they don't have any.

What makes you think that you do things better?

You sound very young … and naive. Your response was also comprised of mostly clichés, so I’m not sure if you’re even serious about this topic.

Unfortunately for the patients involved, there has always been some separation from the business aspect of a clinical lab and its quality and commitment to patient care. Mission drift.

Actually, in many major markets in big cities there are laboratories in business for monetary reasons only. This is not even mission drift, but a deliberate business plan for labs small enough to be under the OIG radar.
 












Office of the inspector ge"neral. All labs are in business to make money, genius. Did you really say radar of a small lab??? As far as the OIG is concerned, does compliance training and "pull through" ring a bell for you. Their radar is raised whenever there is a fraud whistle blown.
 






Dear Path-Inc employee,

Stop defending your sub par company. Look at your employees barely educated. You will be purchased and spat out very soon. Your little glass house will be stoned and your house will be shattered. LabCorp will shIt in your face. Phucking dik.

Now is that the pot calling the kettle metal? Everybody knows you only need a GED to qualify for your job. You have to be told when, how, how long and document every time you take a piss, and tracked by a GPS device to verify you are in the specified toilet.
 






Office of the inspector ge"neral. All labs are in business to make money, genius. Did you really say radar of a small lab??? As far as the OIG is concerned, does compliance training and "pull through" ring a bell for you. Their radar is raised whenever there is a fraud whistle blown.

>>Office of the inspector ge"neral.<<

Oh, I see what you did there. You separated the “ge” from “neral” to imply a GE education somewhere within this response. Wow! Did everyone else get this? Folks … this is Comedy Gold!

>>>All labs are in business to make money, genius.<<<

All for profit companies are in biz to make money. Very astute of you. But, a company makes money to exchange something of value among their customers. That’s how business has been run from the fur pelt trade and even earlier in the city-state Greek communities 2500 years ago. The “making money” part of it is not separate by the product/service. Physicians are also in business to make money, but not at the expense of patient care.

So a clinical laboratory is not in business to make money without being in business to provide timely, accurate and usable diagnostic data. There will never be a complete split of the “money making” and the delivery of products or services. Both are part of the same commercial continuum.

Now, getting back to the original point of the thread. A company has a mission statement to explicate their starting point; usually a delivery of value or a promise to a quality product services. A mission statement never follows the revenue, but revenue and business success is a corollary of a commitment to its offering. Why else would a client be a client?

Mission drift is a company taking their eye off the client; or the revenue stream. To my original point, there are laboratories in business to make money in spite of poor service levels. These are crappy labs, usually found in neighborhoods that are a high % of Medicaid.

>>>Did you really say radar of a small lab???<<<

Yes, youngin. I did. The % of the overall budget allocated to the OIG is teeny and getting smaller-20% of that department will be gutting in one year. They have 1-2 thousand complaints of Medicare fraud that aren’t even looked at. Their resources are so strapped that only the big labs, the bigger bang for the OIG buck labs are even investigated – not small labs (typically). Again, at this very space and time there are hundreds of labs in every major city that are purposely fleecing the state and federal programs; labs that are too small to be worth an actual investigation. There have been a few unlucky small, but ballsy labs that have been investigated, only to pay 400 bucks to LegalZoom.com for a name change. Viola! It’s that easy.

>>>As far as the OIG is concerned, does compliance training and "pull through" ring a bell for you? <<<

Not sure what pretend assertion you are trying to make. You seem to want to mention “compliance training” and “pull through” in a sentence regarding the OIG, but for no apparent reason other than letting us know you know those terms.

Compliance training is only mandated by the federal government if and only if the lab has been fined for Medicare fraud (Stark or Anti-Kickback). What exactly are you trying to say here? Do you think small laboratories under the OIG radar actually have corporate integrity programs with the federal government?

Ooh, look at me. I know the term “pull through.” You seem like you would also be enamored by silver things or words that start with the letter “Q.” What did you want to say about “pull through?” This revenue is completely compliant when a provider is not incentivized to send this work to a lab. Pull through is fine unless the lost leaders or non-pull through business is illegally priced or lacks an “arm’s length” transaction to fuel this pull through.

>>>Their radar is raised whenever there is a fraud whistle blown.<<<

Ahhh…you innocent lamb. Nope, it doesn’t work that way and hasn’t for quite a while. The OIG needs an ROI to justify their budget dollars. Any lab under 200 million will not be considered (roughly). The good news is; the OIG doesn’t have to put these crappy labs out of business. Eventually, poor service levels and results will drive down patient outcomes and only the worst of the worst physicians will keep using these labs while getting free testing, kickbacks, office managers and other personnel not related to the collection, transportation and performance of the laboratory testing.

PathInc arguably falls within the crappy labs category, but it does raise the mission-drift question of fueling a lab with capital in order to sell it for a huge profit. However, if that was their mission, than no drift. It does bring up another important point. Laboratory is part of healthcare and healthcare is in a mixed economy. Healthcare is both in the private and public sectors due to the state and national payors and the subsequent tax payors that pay for therapies/treatments that might ensue from poor diagnostic medicine. There is no such thing as a free emergency room visit.
 






>>Office of the inspector ge"neral.<<

Oh, I see what you did there. You separated the “ge” from “neral” to imply a GE education somewhere within this response. Wow! Did everyone else get this? Folks … this is Comedy Gold!

>>>All labs are in business to make money, genius.<<<

All for profit companies are in biz to make money. Very astute of you. But, a company makes money to exchange something of value among their customers. That’s how business has been run from the fur pelt trade and even earlier in the city-state Greek communities 2500 years ago. The “making money” part of it is not separate by the product/service. Physicians are also in business to make money, but not at the expense of patient care.

So a clinical laboratory is not in business to make money without being in business to provide timely, accurate and usable diagnostic data. There will never be a complete split of the “money making” and the delivery of products or services. Both are part of the same commercial continuum.

Now, getting back to the original point of the thread. A company has a mission statement to explicate their starting point; usually a delivery of value or a promise to a quality product services. A mission statement never follows the revenue, but revenue and business success is a corollary of a commitment to its offering. Why else would a client be a client?

Mission drift is a company taking their eye off the client; or the revenue stream. To my original point, there are laboratories in business to make money in spite of poor service levels. These are crappy labs, usually found in neighborhoods that are a high % of Medicaid.

>>>Did you really say radar of a small lab???<<<

Yes, youngin. I did. The % of the overall budget allocated to the OIG is teeny and getting smaller-20% of that department will be gutting in one year. They have 1-2 thousand complaints of Medicare fraud that aren’t even looked at. Their resources are so strapped that only the big labs, the bigger bang for the OIG buck labs are even investigated – not small labs (typically). Again, at this very space and time there are hundreds of labs in every major city that are purposely fleecing the state and federal programs; labs that are too small to be worth an actual investigation. There have been a few unlucky small, but ballsy labs that have been investigated, only to pay 400 bucks to LegalZoom.com for a name change. Viola! It’s that easy.

>>>As far as the OIG is concerned, does compliance training and "pull through" ring a bell for you? <<<

Not sure what pretend assertion you are trying to make. You seem to want to mention “compliance training” and “pull through” in a sentence regarding the OIG, but for no apparent reason other than letting us know you know those terms.

Compliance training is only mandated by the federal government if and only if the lab has been fined for Medicare fraud (Stark or Anti-Kickback). What exactly are you trying to say here? Do you think small laboratories under the OIG radar actually have corporate integrity programs with the federal government?

Ooh, look at me. I know the term “pull through.” You seem like you would also be enamored by silver things or words that start with the letter “Q.” What did you want to say about “pull through?” This revenue is completely compliant when a provider is not incentivized to send this work to a lab. Pull through is fine unless the lost leaders or non-pull through business is illegally priced or lacks an “arm’s length” transaction to fuel this pull through.

>>>Their radar is raised whenever there is a fraud whistle blown.<<<

Ahhh…you innocent lamb. Nope, it doesn’t work that way and hasn’t for quite a while. The OIG needs an ROI to justify their budget dollars. Any lab under 200 million will not be considered (roughly). The good news is; the OIG doesn’t have to put these crappy labs out of business. Eventually, poor service levels and results will drive down patient outcomes and only the worst of the worst physicians will keep using these labs while getting free testing, kickbacks, office managers and other personnel not related to the collection, transportation and performance of the laboratory testing.

PathInc arguably falls within the crappy labs category, but it does raise the mission-drift question of fueling a lab with capital in order to sell it for a huge profit. However, if that was their mission, than no drift. It does bring up another important point. Laboratory is part of healthcare and healthcare is in a mixed economy. Healthcare is both in the private and public sectors due to the state and national payors and the subsequent tax payors that pay for therapies/treatments that might ensue from poor diagnostic medicine. There is no such thing as a free emergency room visit.

Don't be so paranoid. The General was a typo.

The more you say, the more you show how little you know, genius. Not understanding why "Pull through" or " required compliance training was referenced is a big give away as well as your little lecture on public and private sector payers. While belaboring the obvious, it is hilarious. Where did you come from anyway? Working on your community college AA degree in business? NO can't be. Any business plan starts with the mission statement, and even the simplest person knows that a business consists of line and staff. That includes a medical laboratory business. Never in the prior statement was mentioned anything about sacrificing quality of care for money. I could take that a step farther, but I will be kind. What I will say is that without government regulations, one could only guess what kind of sacrifices to quality of service there would be in this capitalist system. You have, obviously, never actually worked in a real lab. Talk is cheap.

Now back up your disparaging remarks about Path inc. Tell us why you think you do things better. That would be very interesting indeed.
 






>>>Don't be so paranoid. The General was a typo.<<<

Nice try, but the quote (“) key is nowhere near the “e” or the “n” keys. Can’t imagine how that typo could have happen.

>>>Not understanding why "Pull through" or " required compliance training was referenced is a big give away as well as your little lecture on public and private sector payers.<<<

Show me something. Prove you’re not a fraud. Tell me exactly how my response for “pull through” and compliance training was inaccurate. Name calling is easy, but it is not a refutation. I’ve forgotten more about “pull through” and “compliance training” than your sum knowledge of them.

>>>Where did you come from anyway? Working on your community college AA degree in business?<<<

More name calling and a crass insensitivity for those in the community college system. Nice. Oh wait … typo as well? Instead of name calling and telling me I’m wrong, tell me WHY I’m wrong. It’s a basic principle of this type of discourse.

>>>NO can't be. Any business plan starts with the mission statement, and even the simplest person knows that a business consists of line and staff. That includes a medical laboratory business.<<<

You’re having a problem keeping up with the topic of prior posts as it relates to the overall thread. The context was not Mission, but Mission Drift’s argument to explain the nuance of the laboratory/business dichotomy.

>>>Never in the prior statement was mentioned anything about sacrificing quality of care for money.<<<

[Sigh] I’m the one who mentioned it (“in the prior statement”). I was explaining that there are in fact some labs in business to make money with little regard to quality results. And this was in response to a prior statement (maybe by you,) stating you can’t separate “lab” from business. I’d appreciate it if I didn’t have to reconstruct this thread for you.

>>>I could take that a step farther, but I will be kind. What I will say is that without government regulations, one could only guess what kind of sacrifices to quality of service there would be in this capitalist system.<<<

Wow! How did you pull such a large non-sequitur out of your ass? Who was arguing against government regulation? Once again, you’ve gotten it diametrically wrong. In a previous post, I was describing how small labs in major cities circumvent regulations – again, as a response to the lab/business dichotomy – again, as a prior response that these cannot be separated. Let’s bring this back to the initial argument:

A. Initial assertion was that PathInc’s execution of operating as a quality clinical laboratory has been subpar (now I’m being kind), but the business execution exemplary-if in fact, hence the title of this thread, they would be purchased. As an aside, it is common knowledge that “exit strategy via acquisition” is a business model that has played out numerous times in the past two decades, but more so during the clinical lab consolidation frenzy of niche labs over the past 10 years.

B. You (or someone of your ilk) refuted this by stating a lab cannot be good at business and bad at offering accurate, timely results and value added services. At least the inference was made by the comment “this is nuts, you can’t separate the lab from business” (paraphrasing).

Does this help at all?

>>>Now back up your disparaging remarks about Path Inc.<<<

I’m probably one of 4 on this thread who has not commented positively about PathInc, but only in the context of their potential acquisition. Please refer to the title of this thread.

>>>Tell us why you think you do things better. That would be very interesting indeed.<<<

I don’t visit this site to give advice, but I appreciate your solicitation. This thread is not about what PathInc needs or how they can do a better job (see thread title).
 






The previous poster must be a meth addict. Way too much detail...makes me sick. Want to know of an interesting and true fact? You heard it from me first...Path Inc. is being purchased by Quest! MM had zero negotiating skills and lost the deal. End this thread please.
 






The previous poster must be a meth addict. Way too much detail...makes me sick. Want to know of an interesting and true fact? You heard it from me first...Path Inc. is being purchased by Quest! MM had zero negotiating skills and lost the deal. End this thread please.

You're a fraud. MM wouldn't negotiate such a big deal, it would be VD. Quest would never waste their time with Pathinc. And sorry about inserting detail (facts) you dumbshit. If you had any attention span or reading comprehension I wouldn't have to spoon feed everything to you.

Quest, now that's funny.