As expected, the COVID-19 pandemic took a tremendous bite out of lab company earnings in the second quarter. However, the losses were largely below expectations, significantly below in many cases. And … [Read more...]
DX Earnings Report
Strong Q1 Earnings Belie the True Financial Devastation of COVID-19
June 4, 2020
The bad news is that COVID-19 is very, very bad for business; the good news—sort of—is that the pandemic had just the last few weeks of March to wreak havoc on 2020 Q1 earnings reports. And even that … [Read more...]
EARNINGS
DX Earnings Report: Lab Market Consolidates but Survivors Stay Strong
December 3, 2019
PAMA and private payor rate cuts and increased market competitiveness are fueling consolidation and driving smaller, independent labs (other than specialty labs) into near extinction. But the big, … [Read more...]
INDUSTRY BUZZ
Industry Buzz: Qiagen and the Terrible, Horrible, No Good, Very Bad Day
October 28, 2019
Qiagen has been leaking oil for a while now. But after months of disappointing sales and dashed expectations, things came to a dramatic head over the less than 24 hour period between Oct. 7 and 8, … [Read more...]
REVENUES
DX Earnings Report: Markets Soften, Payors Harden but Growth Continues
August 26, 2019
Lab business is getting tougher. While PAMA cuts are hurting Medicare revenues, pressure from private payors may be even more intense both at the pricing front end and claims denial back end. Economic … [Read more...]
REVENUES
DX Earnings Report: Lab Companies Continue to Grow but at a Slower Rate
July 8, 2019
The diagnostics industry got off to a so-so start with PAMA reimbursement cuts, a weak flu season relative to 2018 and currency translation slowing the pace of year-over-year revenue … [Read more...]
EARNINGS REPORTS
DX Earnings Report: Lab Companies Finish 2018 Strong but Growth Slows for Established Firms
March 4, 2019
The diagnostics industry capped a robust 2018 with most companies posting strong fourth quarter results. Of course, every silver lining has a cloud. While widespread, gains were smaller than in 2017, … [Read more...]
INDUSTRY BUZZ
Earnings Report: Top Payers Announce Q3 Earnings
January 7, 2019
The country's five largest commercial payers posted strong results for the third quarter of fiscal year 2018: COMPANY QUARTERLY REVENUES PERFORMANCE Total Q3* 2018 YOY Wall … [Read more...]
REVENUES
DX Earnings Report: Q2 Lab Earnings Stay Strong but Not Quite at Q1 Levels
September 4, 2018
Q2 is shaping up to be another strong quarter—albeit not as stellar as Q1. Salient trends: Big labs continue posting impressive organic growth even as they enjoy the surge of new revenues from … [Read more...]
PAMA
PAMA Unlocks Golden Age for Innovative Diagnostics
July 30, 2018
By Chance Scott bio The publication of the 2018 Clinical Laboratory Fee Schedule (CLFS) in January saw a long and heated debate within the lab community come to fruition. When Congress … [Read more...]
