Paducah, Ky., physician Patrick Finney, MD, is paying $561,800 to settle allegations of CMS fraud and False Claims Act violations, the Justice Department said June 21.

UnitedHealth Group company Optum is launching a lab benefit management platform aimed at reducing unnecessary lab testing.

Diagnostics company Predictive Health appointed Susie Lu as the company's president of laboratory services.

Researchers from New York City-based Mount Sinai have created a population-scalable rapid blood test that measures the strength and duration of a person's immunity to COVID-19.

Cancer diagnostics company EmeritusDX acquired Conshohocken, Pa.-based lab Freedom Pathology Partners.

Diagnostics and genomics company ProPhase Labs is building a genomics lab as part of an effort to expand its in-house clinical and genomics testing capabilities.

Labcorp won the first FDA approval for a non-prescription multi-analyte COVID-19 test, plus four more updates on the lab company since March:

Imran Shams and Lourdes Navarro, both 63 and owners of Baldwin Park, Calif.-based Matias Clinical Laboratory, were indicted for their alleged roles in a $214 million Medicare fraud scheme, the Justice Department said.

Daphne Martin, lab director for San Luis Obispo, Calif.-based Sierra Vista Regional Medical Center and Templeton, Calif.-based Twin Cities Community Hospital, was honored as part of Tenet Healthcare's annual recognition program, Paso Robles Daily News reported May 30.

In light of a global monkeypox outbreak, lab companies and health officials are looking to expand PCR testing for the virus in the U.S., CNN reported May 30.

Jae Lee, 51, former CEO of the now-defunct Northwest Physicians Laboratory in Bellevue, Wash., was sentenced to two years in prison and $7.6 million in restitution for a drug testing kickback scheme that cost the government more than $6.5 million, the Justice Department said May 27.

Quest Diagnostics was named to a Becker's list of top places to work, plus five more updates on the lab company in the last 60 days:

Six Texas physicians were added to a lab testing kickback and false claims lawsuit that originally named 18 people, including four former healthcare executives, and two lab companies as defendants, the Justice Department said May 26.

The biggest lab companies in the U.S. are some of the largest globally as well.

Rakesh Kothuru, 49, the majority owner of Laboratory Services of America, was sentenced to four months of house arrest plus $510,000 in forfeiture, restitution and fines over a kickback scheme, the Justice Department said May 19.

PathGroup, one of the largest independent labs in the U.S., has formed an investment partnership with private equity firm GTCR.

The FDA approved a Labcorp COVID-19, flu and respiratory syncytial virus test for use without a prescription, the agency said May 16.

Labcorp launched a first-of-its-kind, at-home diabetes risk testing kit.

Diagnostics has always been an important part of healthcare, but recent times have shined a brighter spotlight on it. William Morice II, MD, PhD, president of Mayo Clinic Laboratories, told Becker's there are exciting developments on the horizon as well as areas for concern.

A majority of physicians believe medicine is on the verge of groundbreaking new treatments for Alzheimer's disease, according to research from Quest Diagnostics.