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Quest Diagnostics set a record in April 2009 when it paid $302 million to the government to settle a Medicare fraud case alleging the company sold faulty medical testing kits. It was the largest qui tam ( whistleblower ) settlement paid by a medical lab for manufacturing and distributing a faulty product. [ 51 ]
Collectively, pundits tracking Quest's stock were modeling $2.58 billion on the top line. They also underestimated profitability, with an average projection of $2.19 per share for adjusted net income.
Clinical laboratory in a hospital setting showing several automated analysers.. A medical laboratory or clinical laboratory is a laboratory where tests are conducted out on clinical specimens to obtain information about the health of a patient to aid in diagnosis, treatment, and prevention of disease. [1]
Labcorp was an early pioneer of genomic testing using polymerase chain reaction (PCR) technology at its Center for Molecular Biology and Pathology in Research Triangle Park, North Carolina, where it also performs other molecular diagnostics.
A test panel is a predetermined group of medical tests used in the diagnosis and treatment of disease.. Test panels (sometimes called profiles) are typically composed of individual laboratory tests which are related in some way: by the medical condition they are intended to help diagnose (cardiac risk panel), by the specimen type (complete blood count, CBC), by the tests most frequently ...
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Sunquest Information Systems Inc. was founded in 1979 by technologists Jim Peebles and Bob Morrison and pathologist Dr. Sidney Goldblatt. In June 1996, the company began publicly trading on NASDAQ as SUNQ and also acquired Antrim, a commercial laboratory and financial information system supplier. [2]
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