Diagnostic Lab Industry Aims to Improve Medicare Reimbursement With Addition of Hospital Labs
Now that the diagnostic industry has begun to see the full and more-dramatic-than-expected impact of reductions in the Medicare clinical lab fee schedule that were rolled out in 2018, the industry is fighting back more strenuously. Most recently, the industry has prompted introduction of a bipartisan bill, the Laboratory Access for Beneficiaries Act, in the House. While this doesn’t shift our fair value estimates for narrow-moat LabCorp or Quest Diagnostics, it should rachet up pressure on the h...Quest Diagnostics provides diagnostic information services. The company's diagnostic information segment provides information based on the menu of routine, non-routine and clinical testing and anatomic pathology testing, and other diagnostic information services. The company's testing capabilities, includes services for the predisposition, diagnosis, treatment and monitoring of cancers and other diseases, and provides tests in several fields, including endocrinology, immunology, neurology and oncology. The company's diagnostic solutions provides risk assessment services for the life insurance industry, as well as provides healthcare organizations and clinicians health information technology solutions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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