Specialty news. (Health Care).It's good news, bad news for Specialty Laboratories, Inc., the Santa Monica-based clinical laboratory that had its Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. license suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. this year over charges of using unqualified lab personnel. The lab is now in "substantial compliance" of California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). clinical laboratory law, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a letter from the state Department of Health Services Department of Health Services may refer to:
The letter followed an unannounced inspection of the lab last month, but does not mean the company is in the clear with regulators. The bad news? Specialty announced it will take a one-time charge of at least $3.5 million for the second quarter ended June 30 as a result of its troubles. Specialty Labs, which replaced its chief executive, was trading over $8.50 a share last week, better than its 52-week low of $6.15 in June, but far off from a 52-week high of nearly $39 last summer. Staff reporter Laurence Darmiento can be reached at (323) 549-5225 ext. 237 or at ldarmiento@labusinessjournal.com. |
|
||||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion