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Clinical laboratory services includes large multinational corporations such LabCorp, Quest Diagnostics, and Sonic Healthcare [23] but a significant portion of revenue, estimated at 60% in the United States, is generated by hospital labs. [24] In 2018, the total global revenue for these companies was estimated to reach $146 billion by 2024. [25]
Quest Diagnostics Incorporated is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States , Puerto Rico , Mexico , and Brazil . [ 3 ] Quest also maintains collaborative agreements with various hospitals and clinics across the globe.
To this end, much of the work done by medical laboratory scientists involves ensuring specimen quality, interpreting test results, data-logging, testing control products, performing calibration, maintenance, validation, and troubleshooting of instrumentation as well as performing statistical analyses to verify the accuracy and repeatability of ...
An example of a Levey–Jennings chart with upper and lower limits of one and two times the standard deviation. A Levey–Jennings chart is a graph that quality control data is plotted on to give a visual indication whether a laboratory test is working well.
For example: a technician will be given blood cultures (a lab specimen collected to verify the growth of bacterium in the blood system. [ 11 ] ), routine lab collections, glucose testing, [ 12 ] and equipment processing (cleaning of medical equipment).
In 2016, the company entered into a strategic alliance with Global Specimen Solutions, in which the company offered GSS products GlobalCODE and snapTRACK to its clients. [39] In December 2017, Covance acquired the company. [40] In September 2017, the company acquired Chiltern, a specialty contract research organization, for $1.2 billion in cash.
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