How fascinating was it to follow the Theranos story?  To see a company fall from a $10 billion valuation to insolvency in a matter of weeks is something I thought I’d see in cryptocurrencies like Bitcoin, but it is certainly not the norm in the clinical laboratory industry. When I look back to the earliest days of Theranos, I can still see understand why so many very savvy investors jumped on board the Theranos train – because the truth is that Theranos was absolutely correct about one thing: it makes no sense for all lab testing to be done at the big, centralized lab facilities. Instead ..read more

If 2008 to 2013 was the Golden Age of the reference lab industry, 2018 is at least the Bronze Age. With toxicology confirmations generating reimbursements as high as $250 per sample and all-in costs at less than $50 per sample, it’s no surprise that I often get approached by people looking to start their own reference lab.  They’re ambitious, they see a great opportunity, and they can’t wait to get involved in the industry.  But they want to do it the right way and need someone who knows the tricks of the trade, which is why they call me (for those of you who don’t know me, before I ..read more

Hi all, There’s nothing the team here at Elite Diagnostics takes more seriously than compliance with all local, state, and federal laws. We bring an in depth knowledge of all compliance related issues, including: CLIA guidelines, Stark Law, Anti-Kickback, HIPAA, and many others. Because the Office of Inspector General (OIG) of the Department of Health and Human Services (HHS) and other Federal agencies charged with responsibility for enforcement of Federal law have emphasized the importance of voluntarily developed and implemented compliance plans, we here at Elite Diagnostics thought we’d tak ..read more

Hi and welcome to the new and improved Elite Diagnostics website and blog. At Elite Diagnostics, our mission is to empower physicians and improve patient care by building and managing CLIA-certified, physician-owned clinical and toxicology laboratories. By building in-house labs for existing practices, Elite allows physicians to recapture significant lab revenue that is currently being lost to outside reference labs. Our young, dynamic team has more than thirty years of experience running one of the nation’s largest toxicology reference labs. We are proud to be unique in that we provides true ..read more