Profile: Bio-Reference Laboratories Inc (BRLI.O)

BRLI.O on Nasdaq

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Bio-Reference Laboratories, Inc. (Bio-Reference), incorporated on December 24, 1981, is a clinical testing laboratory offering testing, information and related services to physician offices, clinics, hospitals, employers and governmental units. The Company offers a comprehensive list of laboratory testing services utilized by healthcare providers in the detection, diagnosis, evaluation, monitoring and treatment of diseases. It primarily focuses on esoteric testing, molecular diagnostics, anatomical pathology, genetics, women’s health and correctional health care. The Company has a network f approximately 116 patient service centers located in the Northeast (primarily in New York metropolitan super-regional area) for collection of patient specimens. It conducts business in New York State counties, as well as in of New Jersey and Maryland as well as some parts of Pennsylvania, Delaware and Connecticut. In August 2013, Bio-Reference Laboratories Inc completed the acquisition of a clinical laboratory in northern California. The Company acquired most of the assets of Hunter Laboratories, located in the Bay area.

The Company offers laboratory services to physician offices in these areas with an infrastructure that includes a comprehensive logistical department, phlebotomy services and phlebotomy draw stations scattered around its geographic area. In October 2012, It launched Laboratorio Buena Salud, the first national testing laboratory dedicated to serving Spanish-speaking populations in the United States. It also operates a web-based connectivity portal solution for laboratories and physicians through its CareEvolve subsidiary.

The Company’s technology platform for sexually transmitted infections has enabled them to expand from a regional service offering to a national offering with specimens coming from throughout the contiguous 48 states in the area of Women’s Health, through its GenPath business unit. The Company performs cancer cytogenetic testing at its leased facilities in at its main processing facility in Elmwood Park, Smithtown, NY, Clarksburg, MD and Milford, MA and genetic testing at its GeneDx leased facility in Gaithersburg, MD, as well as at its Elmwood Park facility. It performs cytology testing in Frederick, MD, Milford, MA, Columbus, OH, Houston, TX and at its Elmwood Park facility.

Routine Testing

Routine tests measure various health parameters, such as the functions of the heart, kidney, liver, thyroid and other organs. Below is an abbreviated list of some commonly ordered routine tests: Blood cell counts, Cholesterol levels, Pregnancy, Substance abuse and Urinalysis. The Company performs these tests at its main processing facility in Elmwood Park, New Jersey. It operates 24 hours a day, 365 days a year. It performs and report routine tests within 24 hours. Tests results are delivered via driver or electronically.

Esoteric Tests

Esoteric Tests perform esoteric tests that require sophisticated equipment and materials, skilled personnel and professional attention. These tests are ordered less frequently than routine tests. They are also generally priced higher than routine tests. Esoteric tests are typically related to medical fields: Endocrinology (the study of glands and their hormone secretions), Genetics (the study of chromosomes, genes and their protein products), Immunology (the study of the immune system), Microbiology (the study of microscopic forms of life), HIV-related tests, Molecular diagnostics (the study of genetic content for disease information),Oncology (the study of abnormal cell growth), Serology (the study of body fluids) and Toxicology (the study of chemicals and drugs and their effects on the body.

The Company performs cancer cytogenetic testing at its leased facilities in at its main processing facility in Elmwood Park, Smithtown, NY, Clarksburg, MD and Milford, MA and genetic testing at its GeneDx leased facility in Gaithersburg, MD, as well as at its Elmwood Park facility. It performs cytology testing in Frederick, MD, Milford, MA, Columbus, OH, Houston, TX and at its Elmwood Park facility.

PSIMedica-Medical Information

The Company’s PSIMedica business unit is based on a clinical knowledge management, or CKM, system that uses data derived from various disparate sources to provide both administrative and clinical analysis of a population. The source data consists of enrollment (demographic) data, claims data, pharmacy data, laboratory data and any other data that may be available. The system uses sophisticated algorithms to cleanse and configure the data to facilitate comprehensive and meaningful analysis. The data is maintained on multiple levels enabling review of data from the global level to the granular transactional detail.

CareEvolve-Connectivity Solutions

Through the Company’s CareEvolve subsidiary, it offers a physician-based connectivity solution. This system provides a complex, sophisticated portal for ordering laboratory services and delivering laboratory results, along with ancillary connectivity services. The system is designed to be physician-centric and to provide a flexible, scalable, comprehensive desktop solution for physicians to manage their day-to-day practice needs, as well as to handle their clinical laboratory ordering and reporting. This product has been designed to work as a platform with plug and play capability that can easily be used by other laboratories that also need a web-based solution for their physician customers.

Payors and Clients

The Company provides laboratory services to a range of healthcare providers. A payor is the party who pays for the tests while the client is the party that refers the tests to them. An organization that has a contract with them, such as a clinic or governmental agency, may be both a payor and a client. Some states, such as New York and New Jersey, prohibit them from billing physician clients.

The Company competes with Quest Diagnostics (DGX) and Laboratory Corporation of America (LH).

Company Address

Bio-Reference Laboratories Inc

481 Edward H. Ross Drive
ELMWOOD PARK   NJ   07407-3118
P: +1201.7912600

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