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TeachMeFinance.com - explain Independent Laboratory Independent Laboratory The term 'Independent Laboratory ' as it applies to the area of Medicare in the United States can be defined as ' A freestanding clinical laboratory meeting conditions for participation in the Medicare program and billing through a carrier. A laboratory certified to perform diagnostic and/or clinical tests independent of an institution or a physician's office'. Previous 5 Terms: Incurred Basis INDC Indemnity payment Independent assortment independent events Next 5 Terms: Independent power producer Independent Power Producer (IPP) Independent spent fuel storage installation (ISFSI) Independent system operator (ISO) independent variable About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.