In their latest reporting periods, Quest Diagnostics (Madison, NJ) and LabCorp (Burlington, NC) reported moderately strong revenue gains of 8% and 13% respectively in 2007. This increase is also reflected in staff productivity and revenue per FTE, according to LIR’s analysis of benchmarking statistics. Both labs are even for 2007 with approximately $156,000 per FTE. This represents a more significant increase of almost 9% for LabCorp, from 2006’s annual revenue per FTE of $143,600. Quest had a smaller gain of 3% from 2006’s $151,000.

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March 2008 - Table of Contents

LIR March 2008 (full PDF issue)

More Labs Turn to Alternative Competitive Strategies as Contract Prices Decline

Quest Projects 9% Growth in 2008 Revenues, LabCorp Sees 13%

Physicians Name Insurance, Billing Woes as Top Nat’l Lab Complaints

Benchmarking the National Labs—Quest and LabCorp Post Gains in Revenue per FTE

As Managed Care Upheavals Subside, It’s Time for Labs to Strategize

San Diego Labs Hope for Injunction to Halt Comp Bidding Demo

Symbion Deal Consolidates Australia’s Pathology Market

As Quest Boosts Sales Efforts, Here’s How to Compete

Lab Index Down 7% Over 5 Wks; Quest Down 5%, LabCorp Up 8% in February

UnitedHealth in NY AG Cuomo’s Crosshairs for Reimbursement Fraud