This is why labcorp and quest will not survive

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Anonymous said:
My experience is that most medical practices find that it's a lot harder to run a lab than they think it is. And many states have regulations that prohibit them from doing their own labs.
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They wont have to run a lab dude. Read the article. THe hospital that bought their practice will make them use THEIR lab. Its happening all over right now. Thats why labcorp and quest anatomic path accessions are down.
 
















Everyone knows bioreference is a joke. Best case scenario for the is getting bought out. They have no future. They are too cheap and scared to put their tests up to FDA scrutiny. Offer a bunch of snake oil to stupid doctors. Give a lot of inducements. But it will all come crashign down. It always does.
 








Anonymous said:
They wont have to run a lab dude. Read the article. THe hospital that bought their practice will make them use THEIR lab. Its happening all over right now. Thats why labcorp and quest anatomic path accessions are down.
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Totally concur with this post. In my area, nearly all of the physicians now belong to conglomerate practices owned and operated by hospitals. Business is way down here, and we have lost a ton of business to these conglomerate offices who send their specimens to the hospitals now. It's even happening in rural areas, where you wouldn't expect this sort of thing to occur. I am not sure that Quest or LabCrap will ever totally disappear but there appears to be a dramatic shift in the way that they are going to operate in the future. Of course, we were losing business hand over fist before all of this started, so this just adds further misery to an already desperate situation. Unfortunately, since we are in a total leadership-deficit, there's not much hope for reversing the present trend.
 








Yea, labcorp and quest will have to switch to just doing specialty testing. The routine stuff is gonna be a lost cause. The labs of the future will belong to giant hospital chains and in-office labs.

Virtually every physician office in my area is now owned by the large community hospital in the area. Once that happened, labcorp and quest were dropped like a rock. I dont see this trend stopping especially with declining reimbursement and increasing regulation/expenses. Physicians will have to be part of large networks to survive.
 








Anonymous said:
Yea, labcorp and quest will have to switch to just doing specialty testing. The routine stuff is gonna be a lost cause. The labs of the future will belong to giant hospital chains and in-office labs.

Virtually every physician office in my area is now owned by the large community hospital in the area. Once that happened, labcorp and quest were dropped like a rock. I dont see this trend stopping especially with declining reimbursement and increasing regulation/expenses. Physicians will have to be part of large networks to survive.
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I agree with the post above. With the coming ACO model of healthcare the large reference labs will lose the competitive advantage of locking small local labs out of managed care plans. This trend will exacerbate the issue of doctors moving to hospital owned practices, by forcing those hospitals to provide lab services for defined patient groups.

Of course the good new for Labcorp and Quest is that this stuff changes as frequently as the weather..... so , who knows!
 
















Where exactly are they buying and merging with hospitals at in the midwest? Ive just seen labcorp overpaying for dying independent labs in my area that are desperate because they have been losing so much business to the hospitals and in-office labs. They bought the lab in Muncie indiana (ball memorial) but that hospital is now part of IU health so Labcorp likely wont be in there forever.
 








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