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May 28, 2015 7:30 AM ET

Healthcare Providers and Services

Company Overview of Health Diagnostic Laboratory, Inc.

Company Overview

Health Diagnostic Laboratory, Inc. provides a laboratory test menu of risk factors and biomarkers for cardiovascular and related diseases. It offers blood and laboratory analysis services; provides advanced testing services; and detects and manages chronic diseases, such as diabetes mellitus, metabolic syndrome, hypertension, heart failure and stroke, cholesterol, stress, fatty liver disease, obesity, and smoking cessation diseases. It also offers clinical health consulting and advisory services that reverse and prevent disease; and reporting solutions that enable physicians to analyze their patient trends Web-based information portal. It serves patients and healthcare providers through pati...

737 North 5th Street

Suite 103

Richmond, VA 23219

United States

Founded in 2008

Phone:

804-343-2718

Fax:

804-343-2704

Key Executives for Health Diagnostic Laboratory, Inc.

Co-Founder, Chief Executive Officer, President and Director
Co-Founder, Adviser and Director
Co-Founder, Chief Science Officer and Director
Chief Financial officer
Chief Compliance Officer and Senior Vice President
Compensation as of Fiscal Year 2014.

Health Diagnostic Laboratory, Inc. Key Developments

Aetna Inc. Files Lawsuit Against Health Diagnostic Laboratory Inc. and Bluewave Healthcare Consultants Inc

Aetna Inc. filed a lawsuit against Health Diagnostic Laboratory Inc. and its former contract sales provider, Bluewave Healthcare Consultants Inc., accusing the companies of engaging in fraudulent billing activities. According to the suit filed April 10, the company paid illegal kickbacks to physicians so that they would order unnecessary blood tests, resulting in inflated claims being submitted to Aetna. In addition, Health Diagnostic Laboratory did not disclose patient discounts that resulted in Aetna paying more for the former's services. The suit also said that Health Diagnostic Laboratory waived patient co-payments for its blood tests for referring business to the company, which was an out-of-network provider for Aetna's policyholders. Aetna is seeking monetary damages exceeding $150,000 in the matter. Health Diagnostic Laboratory has not yet filed a response to Aetna's lawsuit in federal court.

Connecticut General Life Insurance Co. and Cigna Health Diagnostic Laboratory Files Case against Health Diagnostic Laboratory

Two Cigna Corp. subsidiaries are suing a laboratory for allegedly using a scheme that led to at least $84 million in illegally collected payments. Connecticut General Life Insurance Co. and Cigna Health & Life Insurance Co. reportedly accused Health Diagnostic Laboratory of promising patients that they would not charge any co-payments or any portions of their bills that their health insurance plans do not cover and then billing those plans at extremely high rates. In the suit, filed in the U.S. District Court for the District of Connecticut, Cigna described the laboratory's actions as a form of medical billing fraud because it goes around insurer safeguards to protect against exorbitant charges.

Health Diagnostic Laboratory, Inc. Announces Executive Changes

Tonya Mallory, president and CEO of Health Diagnostic Laboratory Inc. resigned from the company. She was stepping down immediately from her executive positions. Her abrupt departure comes during a federal investigation into the company's payment practices to doctors. Dr. Joe McConnell, a co-founder of the company and currently its chief laboratory officer, will succeed her in both roles. Mallory will continue to serve HDL as a member of its board of directors and as an adviser to McConnell.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 19, 2015
Innovative Diagnostic Laboratory, LLP
 

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