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PSA facts and figures

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April 2003

  • Network founded: May 1995 by Louis D. Wright Jr., MD.

  • Business slogan: "PSA: The Business Solution for Pathology."

  • Mission: To support the independent pathology practice by providing comrehensive business solutions.

  • Initial focus: To link and support pathology practices in local communities so they can compete with the larger, more capitalized commercial labs and to negotiate statewide carve-outs in the managed care arena and share services.

  • Got its start: Sold shares of ownership to pathology practices until 2000 to raise startup capital. Today 80 percent of PSA's associated practices have an equity position of varying degrees in the company.

  • Change in focus in 1999: From emphasis on regional integration and competing for statewide managed care contracts to providing business solutions for pathology practices.

  • Current size: 70 pathology practices in 15 states and business alliances with 29 vendors.

  • Annual gross revenues in startup year: $700,000.